velu Posted July 5, 2019 Posted July 5, 2019 Easily the Budget of the century STT for exercising options are streamlined now Good for option traders @jusarrived. @randomGuy @Straight Drive Only issue is overtaxing the HNIs , sort of socialist randomGuy and Straight Drive 2
randomGuy Posted July 5, 2019 Posted July 5, 2019 *Highlights of Budget 2019* *Direct Tax* - Collection of Direct Tax at *11.73 lakh crores* from 6.38 lakh crores in 2014 - IT filer increases from 3.79 crs in 2014 to *6.85 crs* *Changes in Income Tax slab* - *Income Upto 5 lakh - NIL Tax for all* - *No changes in 80C 1.5 lakh limit* - Affordable hosuing scheme Home upto 45 lac will get addition 1.5 lac of benefit in Income Tax on loan interest. So total will be 3.5 lac - On Electric car purchase additional tax benefit of 1.5 lac on interest - Tax on Electric vehicle is reduce from 12% to 5% - *Companies upto 400crs of Turnover Tax payable rates are 25%* Almost 99.3% companies comes under the same - 2% TDS on 1cr Cash withdrawals from Bank in a year - Custom Duty increase on Gold from 10% to 12.5% - Cess increased on Petrol and Diesel Rs.1 on liter - Fiscal Deficit Target of 3.3% Vs 3.4% in interim Budget - House for all target almost 2cr houses by 2022 velu 1
diga Posted July 5, 2019 Posted July 5, 2019 The government will raise part of its gross borrowing requirements via foreign currency borrowings, randomGuy 1
velu Posted July 5, 2019 Author Posted July 5, 2019 meanwhile @Stan AF commenting about the current budget in all the forums
Straight Drive Posted July 7, 2019 Posted July 7, 2019 On 7/5/2019 at 5:01 PM, velu said: Easily the Budget of the century STT for exercising options are streamlined now Good for option traders @jusarrived. @randomGuy @Straight Drive Only issue is overtaxing the HNIs , sort of socialist Not into options. I would have preferred if they had reduced taxes on equity transactions. randomGuy 1
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