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Key takeaways from Union Budget 2019

key takeaways of union budget 2019

1.The Corporate tax of 25% has been extended to the Companies having turnover of upto Rs. 400 crores. This would cover 99.3% of the Companies

2.Deduction of Rs. 1.5 Lakh on purchase of electric vehicles

3. Invitation to global investors under investment linked tax benefits u/s. 35AD

4.Enhanced Deduction of 1.5 lakhs on interest for purchase of affordable housing upto Rs. 45 lakhs

5.TDS of 2% on cash withdrawal of Rs. 1 crore from a bank account in FY.

6. Increase in surcharge for individuals by 3% having Income of Rs. 2 to 5 Crores.

 

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