Monday, July 8, 2019

Surcharge shock for high earners; new proposals for less cash economy and widening the TDS provision

The Finance Minister Nirmala Sitharaman presented the first Budget of NDA 2.0 on 5th July, 2019. The aam aadmi was expecting a clear exemption limit for Rs 5 lakh instead of claiming a rebate under Section 87A up to Rs 12,500. The complication has been retained.

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