Govt. to implement Cash Rewards Scheme for customers who insist on #TaxInvoices for their purchases. #Budget2020 #Taxscan
— Tax Scan (@tax_scan) February 1, 2020
Import duty hiked on inputs used by footwear and furniture MSMEs #Budget2020 #BudgetScan#TaxScan
— Tax Scan (@tax_scan) February 1, 2020
The existing disputed direct tax cases will be closed if assessee pays the disputed tax amount by 31/03/2020, where interest and penalty will be waived off: FM#Budget2020#BudgetScan#TaxScan
— Tax Scan (@tax_scan) February 1, 2020
Registration of charity institutions to be made completely electronic, donations made to be pre-filled in IT return form to claim exemptions for donations easily
— Tax Scan (@tax_scan) February 1, 2020
#Budget2020 proposes 'Vivad se Vishwas' scheme for direct tax payers whose appeals are pending at various forum
— Tax Scan (@tax_scan) February 1, 2020
Income Tax Act to be amended to facilitate e-appeal #Budget2020
— Tax Scan (@tax_scan) February 1, 2020
Concessional corporate tax cut to be extended to new domestic companies engaged in power generation: FM#Budget2020#Budgetscan#Taxscan
— Tax Scan (@tax_scan) February 1, 2020
Tax Audit threshold limit increased Rs. 5 cr from 1cr. #Budget2020
— Tax Scan (@tax_scan) February 1, 2020
Tax rate of 30% on income above Rs 15 lakh will be continued: FM
— Tax Scan (@tax_scan) February 1, 2020
ESOP taxation: perquisite taxation at the time of 'exercise' deferred to 5 years or till they leave the company or until they sell their shares – whichever is earlier: FM#Budget2020#Budgetscan#Taxscan
— Tax Scan (@tax_scan) February 1, 2020
A person earning Rs 15 lakh per anum and not availing any deductions will now pay Rs 1.95 lakh tax in place of Rs 2.73 lakh: FM
— Tax Scan (@tax_scan) February 1, 2020
Dividend distribution tax to be taxed in the hands of the recipients: FM#Budget2020#Budgetscan#Taxscan
— Tax Scan (@tax_scan) February 1, 2020
BREAKING:
FM proposes to remove dividend distribution tax#Budget2020#Budgetscan#Taxscan— Tax Scan (@tax_scan) February 1, 2020
#Budget2020 proposes Removal of Dividend Distribution Tax, Dividends are taxable
— Tax Scan (@tax_scan) February 1, 2020
Tax rate of 30% on income above Rs 15 lakh will be continued: FM#Budget2020#Budgetscan#Taxscan
— Tax Scan (@tax_scan) February 1, 2020
10 per cent for 5 to 7.5 lakh
15 per cent 7.5 lakh to 10 lakh
20 per cent for 10 lakh to 12.5 lakh (present is 30)
25 per cent for 12.5 lakh to 15 lakh (present 30)
30 percent above 15 Lakh #BudgetScan #Budget2020— Tax Scan (@tax_scan) February 1, 2020
BREAKING:
For income between Rs 10-12.5 lakh, the tax rate is currently 30%. This has now been bought down to 20%#Budget2020#Budgetscan#Taxscan
— Tax Scan (@tax_scan) February 1, 2020
15% Income Tax for 7.5lakh to 10lakh #Budget2020
— Tax Scan (@tax_scan) February 1, 2020
10% Income Tax for 5 lakh to 7.5lakh #Budget2020
— Tax Scan (@tax_scan) February 1, 2020
Fiscal deficit at 3.8% in 2019-20 and 3.5% target for 2020-21#Budget2020#Budgetscan#Taxscan
— Tax Scan (@tax_scan) February 1, 2020
Nominal GDP growth estimate: 10%: FM#Budget2020#Budgetscan#Taxscan
— Tax Scan (@tax_scan) February 1, 2020
Govt plans to raise funds via LIC IPO, to sell part of its stake: FM#Budget2020#Budgetscan#Taxscan
— Tax Scan (@tax_scan) February 1, 2020
BREAKING:
FPI limit in corporate bonds to be raised to 15%.
Bilateral netting to be permitted.
New debt ETF with government securities to be set up.#Budget2020#Budgetscan#Taxscan
— Tax Scan (@tax_scan) February 1, 2020
Robust mechanism in place to monitor health of banks, depositors' money is absolutely safe; says FM
— Press Trust of India (@PTI_News) February 1, 2020
Deposit Insurance and Credit Guarantee Corporation has been permitted to increase deposit insurance coverage to Rs 5 lakh per depositor from Rs 1 lakh #Budget2020 #Budgetscan
— Tax Scan (@tax_scan) February 1, 2020
More relaxed norms to opt for the securitization of debts, for smaller NBFCs: FM#Budget2020#Budgetscan#Taxscan
— Tax Scan (@tax_scan) February 1, 2020
BREAKING:
Deposit insurance cover raised from Rs 1 lakh to Rs 5 lakh#Budget2020#Budgetscan#Taxscan— Tax Scan (@tax_scan) February 1, 2020
Tax payer's charter enshrined in laws is a refreshing idea…this is needed in GST laws as well…
— Pratik Jain (@pratikdelhi) February 1, 2020
Finance Minister Nirmala Sitharaman: India will host G-20 presidency in the year 2022; Rs 100 crores allocated for preparation
— ANI (@ANI) February 1, 2020
Tax payer charter will be part of statute, says FM #Budget2020 #BudgetScan
— Tax Scan (@tax_scan) February 1, 2020
Budget 2020 woven around Aspirational India, Economic Development for all and building a Humane and Compassionate society: FM #Budget2020#Budgetscan#Taxscan #TaxNews
— Tax Scan (@tax_scan) February 1, 2020
#Budget2020 proposes changes in Companies Act – Criminal liabilities to be substituted by Civil liabilities
— Tax Scan (@tax_scan) February 1, 2020
Finally, India will see a tax payer right as part of a statute. Tax payer statute #TaxPayers #rights #Budget2020
— Mukesh Butani 🇮🇳 (@mukeshbutani) February 1, 2020
#Budget2020 proposes a taxpayer's charter will be institutionalised.
— Tax Scan (@tax_scan) February 1, 2020
Tax harassment cannot be tolerated #Budget2020 #BudgetSpeech
— Tax Scan (@tax_scan) February 1, 2020
Tax harassment cannot be tolerated #Budget2020 #BudgetSpeech
— Tax Scan (@tax_scan) February 1, 2020
Poets mentioned till now – Dinanath Kaul, Avaiyyar and Thiruvalluvar. #Budget2020
— Nistula Hebbar (@nistula) February 1, 2020
Finance Minister draws parallels to the '5 jewels' mentioned by Thiruvalluvar:
1. Ayushman Bharath.
2. Wealth creators will be respected.
3. PM Kissan scheme.
4. Ease of living
5. National Security is a top priority of the govt. #Budget2020#Budgetscan#Taxscan #TaxNews— Tax Scan (@tax_scan) February 1, 2020
FM Nirmala Sitharaman proposes Rs 27,300 crore for the development and promotion of industry and commerce in 2020-21.#Budget2020#Budgetscan#Taxscan #TaxNews
— Tax Scan (@tax_scan) February 1, 2020
We wish to turn every district into an export house: FM#Budget2020#Budgetscan#Taxscan #TaxNews
— Tax Scan (@tax_scan) February 1, 2020
Centre to announce new education policy soon; govt received over 2 lakh suggestions on it: FM
— Press Trust of India (@PTI_News) February 1, 2020
Rs 9,000 crore to be allocated for senior citizens: FM#Budget2020#Budgetscan#Taxscan #TaxNews
— Tax Scan (@tax_scan) February 1, 2020
Propose a taskforce to recommend steps on looking at age of motherhood of girls and women. #BudgetSession2020
— TheNewsMinute (@thenewsminute) February 1, 2020
FM #NirmalaSitharaman announces Rs 99,300 crore outlay for education sector in 2020-21 and Rs 3,000 crore for skill development.
FM announces degree-level full-fledged online education programme to be offered by the top 100 institutions in the country. pic.twitter.com/PkuaNPA7bN
— PIB India (@PIB_India) February 1, 2020
99,300 crore rupees to be provided for education sector in 2020-21 and 3,000 crore rupees for skill development
– FM @nsitharaman
Watch LIVE: https://t.co/TN71mvbfGt#Budget2020 #JanJanKaBudget pic.twitter.com/agMwakHG4S
— PIB India (@PIB_India) February 1, 2020
Dear @cbic_india One day over for extension….. Extend pls
— Surya Raj (@vvs_rajkumar) February 1, 2020
#Budget2020 proposes Rs 27,300 crore for the development and promotion of industry and commerce in 2020-21 #Budgetscan #taxscan #BudgetLive
— Tax Scan (@tax_scan) February 1, 2020
To achieve higher export credit, a new scheme called Nirvik will be introduced: FM#Budget2020#Budgetscan#Taxscan #TaxNews
— Tax Scan (@tax_scan) February 1, 2020
#Budget2020 proposes to set up investment clearance cell to entrepreneurs #Budgetscan
— Tax Scan (@tax_scan) February 1, 2020
Average family saves 4% of income due to reduced GST rates: FM#Budget2020#Budgetscan#Taxscan #TaxNews
— Tax Scan (@tax_scan) February 1, 2020
Entrepreneurs are always been the strength of India: FM #Budget2020 #BudgetScan
— Tax Scan (@tax_scan) February 1, 2020
Steps to be taken to attract external commercial borrowing, FDI in the education sector: FM#Budget2020#Budgetscan#Taxscan #TaxNews
— Tax Scan (@tax_scan) February 1, 2020
Krishi UDAN will be launched by @MoCA_GoI
on international and national routes, improving value realization in North East and tribal districts: Finance Minister #Budget2020 #BudgetScan— Tax Scan (@tax_scan) February 1, 2020
#Budget2020 proposes Rs 3.6 lakh crore towards piped water supply to households #BudgetScan #BudgetSpeech
— Tax Scan (@tax_scan) February 1, 2020
Proceeds on taxes from medical devices will be used in funding hospital development: FM#Budget2020#Budgetscan#Taxscan #TaxNews
— Tax Scan (@tax_scan) February 1, 2020
2.83 lakh Crs. to be allocated to Agriculture and Irrigation: FM#Budget2020#Budgetscan#Taxscan #TaxNews
— Tax Scan (@tax_scan) February 1, 2020
Warehouses will be set up, viability gap funding to be provided to set up warehouses: FM#Budget2020#Budgetscan#Taxscan #TaxNews
— Tax Scan (@tax_scan) February 1, 2020
Taxpayers may kindly note that filing of GSTR-9 for FY 2017-18 and 2018-19 is optional for taxpayers having aggregate turnover below Rs. 2 Crore.
— CBIC (@cbic_india) February 1, 2020
Pradhan Mantri Kisan Urja Suraksha evem Utthan Mahabhiyan (PM KUSUM) to be expanded to provide 20 lakh farmers in setting up standalone solar pumps: FM#Budget2020#Budgetscan#Taxscan #TaxNews
— Tax Scan (@tax_scan) February 1, 2020
Comprehensive measures for 100 water-stressed districts being proposed: FM#Budget2020#Budgetscan#Taxscan #TaxNews
— Tax Scan (@tax_scan) February 1, 2020
The first part of FM Sitharaman's budget is focused on addressing rural distress. Will these steps be effective enough to boost rural demand? May be key to reviving decelerating economic growth #Budget2020
— Remya Nair (@remyanair4) February 1, 2020
Central Govt debt reduced to 48.7% of GDP from 52.2 percent in March 2014: FM#Budget2020#Budgetscan#Taxscan #TaxNews
— Tax Scan (@tax_scan) February 1, 2020
Farmers with fallow barren land will be helped to set up solar power generation units : FM#Budget2020#Budgetscan#Taxscan #TaxNews
— Tax Scan (@tax_scan) February 1, 2020
FM says Budget woven around aspirational India, economic development and caring society #Budget2020 #Budgetscan #Taxscan #TaxNews
— Tax Scan (@tax_scan) February 1, 2020
60 lakh more taxpayers joined GST tax base in last two years, says FM #BudgetScan #Budget2020 #Taxscan #Taxnews
— Tax Scan (@tax_scan) February 1, 2020
40 Crores Income Tax Returns has been filed: FM #BudgetScan #Budget2020 #BudgetSpeech #Taxscan #TaxNews
— Tax Scan (@tax_scan) February 1, 2020
https://twitter.com/tax_scan/status/1223482438787031040
https://twitter.com/tax_scan/status/1223482131847888896
FM @nsitharaman underlines the paradigm shift in governance, brought about by the Government #Budget2020 #Budgetscan #Taxscan #TaxNews
— Tax Scan (@tax_scan) February 1, 2020
FM Nirmala Sitharaman pays homage to former FM Arun Jaitley.#Budget2020#BudgetScan
— Tax Scan (@tax_scan) February 1, 2020
#Budget2020 to boost Income and increase purchasing power. The budget aims to address aspirations of Indians: FM #BudgetSpeech
— Tax Scan (@tax_scan) February 1, 2020
Inflammation well contained in 2014-2019
-FM Nirmala Sitharaman#Budget2020#BudgetScan— Tax Scan (@tax_scan) February 1, 2020
Budget session begins.#Budget2020#BudgetScan
— Tax Scan (@tax_scan) February 1, 2020
Union Cabinet approves Budget for 2020-21 #Budget2020 #BudgetScan
— Tax Scan (@tax_scan) February 1, 2020
Copies of #Budget2020 have been brought to the Parliament.
— Tax Scan (@tax_scan) February 1, 2020
Cabinet meeting begins at Parliament House.
— Tax Scan (@tax_scan) February 1, 2020
#Budget2020 : Cabinet meeting to begin shortly #BudgetScan
— Tax Scan (@tax_scan) February 1, 2020
Finance Minister @nsitharaman calls on President Kovind at @rashtrapatibhvn before presenting #UnionBudget2020 #BudgetScan #Budget2020 pic.twitter.com/4qsIwz8I4z
— Tax Scan (@tax_scan) February 1, 2020
Delhi: Finance Minister Nirmala Sitharaman to proceed to the Parliament House to attend the Cabinet meeting https://t.co/GJ91j05prH
— ANI (@ANI) February 1, 2020
Delhi: Finance Minister Nirmala Sitharaman and her team to meet President Ram Nath Kovind, ahead of presentation of Budget https://t.co/UOWNDjqVSo
— ANI (@ANI) February 1, 2020
Cabinet meeting to be held at 10:15 am today in the Parliament House, ahead of the presentation of Union Budget 2020-21. #BudgetScan #Budget2020 #UnionBudget
— Tax Scan (@tax_scan) February 1, 2020
Finance Minister Nirmala Sitharaman arrives at Ministry of Finance; She will present her second Budget today. #Budget2020 #BudgetScan #UnionBudget
— Tax Scan (@tax_scan) February 1, 2020
