{"id":7348,"date":"2019-01-31T10:37:16","date_gmt":"2019-01-31T10:37:16","guid":{"rendered":"https:\/\/sunkrish.com\/?p=7348"},"modified":"2019-02-12T10:38:24","modified_gmt":"2019-02-12T10:38:24","slug":"highlights-of-budget-2019","status":"publish","type":"post","link":"https:\/\/sunkrish.com\/index.php\/2019\/01\/31\/highlights-of-budget-2019\/","title":{"rendered":"HIGHLIGHTS OF BUDGET 2019"},"content":{"rendered":"<p><strong><a href=\"https:\/\/sunkrish.com\/index.php\/2019\/02\/12\/highlights-of-budget-2019\/budget-2019\/\" rel=\"attachment wp-att-7351\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-7351 alignright\" src=\"https:\/\/sunkrish.com\/wp-content\/uploads\/Budget-2019.jpg\" alt=\"\" width=\"275\" height=\"183\" srcset=\"https:\/\/sunkrish.com\/wp-content\/uploads\/Budget-2019.jpg 275w, https:\/\/sunkrish.com\/wp-content\/uploads\/Budget-2019-150x100.jpg 150w\" sizes=\"auto, (max-width: 275px) 100vw, 275px\" \/><\/a>HIGHLIGHTS OF BUDGET 2019<\/strong><\/p>\n<p>1. Within 2 years, Tax assessment will be done electronically<br \/>\n2. IT returns processing in just 24 hours<br \/>\n3. Minimum 14% revenue of GST to states by Central Govt.<br \/>\n4. Custom duty has been abolished from 36 Capital Goods<br \/>\n5. Recommendations to GST council for reducing GST rates for home buyers<br \/>\n6. Full Tax rebate upto 5 lakh annual income after all deductions.<br \/>\n7. Standard deduction has been increased from Rs. 40,000 to Rs. 50,000<br \/>\n8. Exemption of tax on second self-occupied house<br \/>\n9. Ceiling Limit of TDS u\/s 194A has increased from Rs.10,000 to Rs. 40,000<br \/>\n10. Ceiling Limit of TDS u\/s 194I has increased from Rs. 1,80,000 to Rs. 2,40,000<br \/>\n11. Capital Gains Tax Benefit u\/s 54 has increased from investment in one residential house to two residential houses.<br \/>\n12. Benefit u\/s 80IB has increased to one more year i.e. 2020<br \/>\n13. Benefit has been given to unsold inventory has increased to one year to two years.<\/p>\n<p><strong>Other Areas<\/strong><\/p>\n<p>14. State share has increased to 42%<br \/>\n15. PCA restriction has abolished from 3 major banks<br \/>\n16. 2 lakhs seats will increase for the reservation of 10%<br \/>\n17. 60000 crores for MANREGA<br \/>\n18. 1.7 Lakh crore to ensure food for all<br \/>\n19. 22nd AIIMS has to be opened in Haryana<br \/>\n20. Approval has to be given to PM Kisan Yojana<br \/>\n21. Rs. 6,000 per annum to be given to every farmer having upto 2 hectare land. Applicable from Sept 2018. Amount will be transferred in 3 installments<br \/>\n22. National Kamdhenu Ayog for cows. Rs. 750 crores for National Gokul Mission<br \/>\n23. 2% interest subvention for farmers pursuing animal husbandry and also create separate department for fisheries.<br \/>\n24. 2% interest subvention for farmers affected by natural calamities and additional 3% interest subvention for timely payment.<br \/>\n25. Tax free Gratuity limit increase to Rs. 20 Lakhs from Rs. 10 Lakhs<br \/>\n26. Bonus will be applicable for workers earning Rs. 21,000 monthly<br \/>\n27. The scheme, called Pradhan Mantri Shram Yogi Mandhan, will provide assured monthly pension of Rs. 3,000 with contribution of Rs. 100 per month for workers in unorganized sector after 60 years of age.<br \/>\n28. Government delivered 6 crores free LPG connections under Ujjawala scheme<br \/>\n29. 2% interest relief for MSME GST registered person<br \/>\n30. 26 weeks of Maternity Leaves to empower the women<br \/>\n31. More than 3 Lakhs crores for defence<br \/>\n32. One lakh digital villages in next 5 years<br \/>\n33. Single window for approval of India film maker.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>HIGHLIGHTS OF BUDGET 2019 1. Within 2 years, Tax assessment will be done electronically 2. IT returns processing in just 24 hours 3. Minimum 14% revenue of GST to states by Central Govt. 4. Custom duty has been abolished from &hellip; <a href=\"https:\/\/sunkrish.com\/index.php\/2019\/01\/31\/highlights-of-budget-2019\/\">Continued<\/a><\/p>\n","protected":false},"author":1,"featured_media":7351,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15,4,493],"tags":[395,439,914,305,535,1009,455,451,294,494,429,295],"class_list":["post-7348","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-business-advisory-services","category-financial-corporate-services","category-economy-business-updates-corporate-affairs","tag-budget","tag-capital-gains","tag-digital-india","tag-economy","tag-goods-and-services-tax-gst","tag-harya","tag-income-tax","tag-income-tax-return-itr","tag-investment","tag-msmes","tag-sme","tag-taxation"],"_links":{"self":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/7348","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/comments?post=7348"}],"version-history":[{"count":5,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/7348\/revisions"}],"predecessor-version":[{"id":7354,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/7348\/revisions\/7354"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/media\/7351"}],"wp:attachment":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/media?parent=7348"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/categories?post=7348"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/tags?post=7348"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}