UNION BUDGET 2020 | Saturday, February 01, 2020

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TIOL Mail Update
 
TIOLAWARDS
 

CORP BRIEF
 

MSMEs turnover threshold for audit increased to Rs 5 cr

100% deduction for 3 yrs to start-ups with Rs 100 cr turnover; Tax on ESOP deferred by 5 years

IPR filings to get simplified on new e-portal

Expect LIC IPO soon, says FM

Centre to set up Investment Clearance Cell for Entrepreneurs

Bye Bye Dividend Distribution Tax
FLASH NEWS
 

IPR filings to get simplified on new e-portal

New tax regime of 22% announced for Cooperative Societies

Start-up turnover threshold raised to Rs 100 Crore

Govt to disinvest partly in LIC

Govt hikes expenditure in next fiscal to over 30 lakh crore

FM announces new slab rates for income tax; 30% rate to apply above Rs 15 lakh income

FM pegs fiscal deficit to 3.8% in 2019-20 and 3.5% for next fiscal

New optional income tax framework to cost Rs 40,000 Cr to exchequer

FM abolishes DDT + dividend to be taxed in hands of recipients

New optional income tax framework to cost Rs 40,000 Cr to exchequer

Govt hikes expenditure in next fiscal to over 30 lakh crore

Govt to disinvest partly in LIC

Govt to provide insurance for sum of Rs 5 lakh for every depositor in commercial banks

India to host G-20 Summit in 2022; Rs 100 Cr allocated

Concessional corporate tax rate extended to power generation companies also

Companies Act - Criminal liabilities to be substituted by civil liabilities

Govt to provide insurance for sum of Rs 5 lakh for every depositor in commercial banks

Companies Act - Criminal liabilities to be substituted by civil liabilities

India to host G-20 Summit in 2022; Rs 100 Cr allocated

Taxpayer charter to be a part of tax laws: FM

Govt to set up National Recruitment Agency for online common tests

FM claims Central Govt debt down to 48.7% from over 52%

Govt to announce scheme for setting up Data Centre Parks across India

Budget provides Rs 6000 Cr to Bharat Net Scheme

Govt to focus on three pillars - aspirational India + economic well being + caring society

Budget 2020 - FM claims fundamentals of economy are strong

Tourism gets Rs 2500 Cr budget for current fiscal

Budget provides Rs 9500 Cr for Senior Citizens related schemes

Govt to announce scheme for setting up Data Centre Parks across India

States to be allowed to access ECB and FDI for Education

Budget earmarks Rs 12300 Crore for Swachh Bharat Mission

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