BUDGET 2019-20

by ravianddev in on

Tax rate for Domestic companies to be 25% having turnover up to Rs. 400 crores.

No Scrutiny for Start Up’s in respect of share premium charged on issue of shares

Additional deduction for Interest on Housing loan for purchasing Affordable House before 31.03.2020 increased by Rs. 1,50,000/- u/s 80EEA

TDS @ 2% on cash withdrawal exceeding Rs. 1 crore from one bank account in one year

Deduction upto Rs. 1,50,000/- for Interest on loan taken for buying electric vehicle

Minimum Public Shareholding in a listed company to be increased from 25% to 35%