Direct Tax Code

budget 2019

Budget 2019 wish list: Spur growth

This being the first union budget under the new government & given the fiscal situation in India we are unlikely to see any major tax cuts or sops being given. The budget must clearly focus on giving the flagging economy a stimulus and increasing government spending. The new government must focus on reducing tax disputes, …

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Union Budget

Union Budget 2019 expectations

Finance Minister Arun Jaitley is all set to present the sixth union budget on 1st February 2019. Given that the general elections are due in a couple of months, the budget will be interim budget and not a full budget. However, keeping decisions like demonetization and GST in mind, a few surprises can be on …

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LTCG

LTCG tax: How should you react?

The Budget 2018 proposed to change how long term capital gains (LTCG) on equity shares and units of equity-oriented MFs are taxed in your hands. Till 31st March 2018 no LTCG will be chargeable. If you sell after 31st March 2018 the LTCG will be taxed as follows: The cost of acquisition of the share or …

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Direct Tax Code

Direct Tax Code

Direct Tax Code (DTC) is a move towards rationalization of direct tax structure. This code is a single code for all direct taxes including wealth tax. The overall aim of the new direct taxes code is to lower income tax rates, and more taxpayers. There is a possibility that DTC could be implemented from FY …

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income tax

Budget 2018-19 expectations – income tax

The upcoming Union Budget to be presented on 1st February 2018 will be the last regular budget of the NDA government before the general elections in 2019. Thus I expect this to be a populist budget and the middle class can hope for a big income tax relief. We expect the government to hike the …

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