Days after presenting the Union Budget 2019, Finance Minister Nirmala Sitharaman addressed the parliament on Wednesday
Union Budget 2019: Once this proposal will get green light in the Parliament, individuals will be able to use Aadhaar cards instead of PAN cards to conduct financial transactions, for instance, mutual fund investments, buying gold, and others.
Union Budget 2019: With an aim to promote the usage of electric vehicles, a taxpayer will now get an additional tax deduction of Rs 1.5 lakh under section 80EEB on the interest he or she pays on a loan taken to purchase an electric vehicle, provided the loan must be sanctioned between 1st April 2019 to 31st March 2023 and the taxpayer does not own any other electric vehicle on the date of sanction of loan.
In order to incentivise and give thrust to electric vehicles sector, customs duty on specified parts required for the manufacture of EVs has been brought down to nil.
While the Budget did not provide much incentive to middle or lower income group, it is hard hitting for the super-rich. True to the intent of the Government, the Budget focusses on increasing tax compliance and at the same time easing the processes.
Congratulations to the Hon'ble PM Narendra Modi and FM Nirmala Sitharaman for Budget 2019-20. The budget besides being a policy document for boosting growth, serves the larger interest of all sectors of the economy
FM Sitharaman walked in with a red cloth bag carrying the budget vs the traditional briefcase. What came out was a new era in Indian history - a union budget that didn't talk granular numbers - rather laid a blueprint for exponential growth
Union Budget is citizen friendly, development friendly and future oriented, and one which will empower the poor and provide better future to the youth. Budget underlines structural reforms in the agricultural sector and has a roadmap to transform the farm sector and doubling farmers' income
Finance Minister Nirmala Sitharaman ji presents a Budget For New India which lays foundation of inclusive & progressive nation, whose rise is powered by hardwork of 130 cr Indians. Budget gives wings to India's farmers,youth,women and poor to fulfil dreams
Aren't we missing something here? No reference to the highly anticipated plan for job creation, no measures to help farmers combat price collapse & droughts. I can see intent, but where is the content? This budget session was reduced to only a table thumping gathering
While the finance minister claimed that we have reduced NPAs by Rs 1 lakh crore, she should have also said that in the same period banks have written off Rs 5,55,603 crore, why didn't she say that, I don't know
