Budget 2019 made a number of changes for real estate investors. The major changes are as follows: 1. Section 54 Section 54 grants a deduction on the purchase of a house property by the seller of a residential house property incurring long term capital gains. Long Term Capital Gains (LTCG) apply when the house property…
In the interim Budget 2019-20 speech, the acting finance minister Piyush Goyal has provided a full tax rebate on income upto Rs. 5 lakhs. The measure is supposed to cheer the middle-class of taxpayers by providing them much needed tax relief. Impact of Budget 2019 Full Tax Rebate As of AY 2019-20, the tax rebate…
The 2019 Interim Budget has introduced a number of changes that will affect the finances of the salaried class during FY 2019-20. The most notable among these are as follows: Tax Rebate Limit Increased Budget 2019 has increased the 100% tax rebate limit to Rs. 5 lakh. Thus individual taxpayers with an annual income of…
While announcing the 2019 Interim Budget, Interim Finance Minister Piyush Goyal said, “We implemented GST, The biggest taxation reform since Independence. GST has resulted in increase tax base and ease of trade. Interstate movement of goods has become smooth”. Adding that, “GST has been continuously reduced resulting in relief of Rs 80,000 crore rupees to…
