 | Centre's faceless e-assessment promising, but the procedures still need clarityAs announced in the Union Budget 2019, the Central government has notified the e-assessment scheme for income-tax returns last week. |
 | Income tax department to get special powers to recover tax dues from defaulters overseasI-T department can now request foreign countries to recover tax from all defaulters, on behalf of India, under Indian income-tax laws. There was a big constraint earlier... |
 | No relief for Foreign Portfolio Investors unless they turn corporatesForeign Portfolio Investors (FPI) can register themselves as companies to avoid the super-rich tax surcharge imposed in this year’s budget. |
 | Cash withdrawal from multiple accounts to be aggregated for levying 2 per cent TDSThe Finance Bill amendment replaced "an account" to "one or more accounts". |
 | 2019 Union Budget: Government seeks to allay fears on surcharge on super rich with budgetThe Finance Bill has raised the surcharge on the super rich the top-end of the income brackets -- for incomes between Rs 2 crore and Rs 5 crore. |
 | Budget proposals like higher FDI and public shareholding can fetch USD 25 billion: Morgan StanleyThe move to increase the minimum statutory limit for FPI investment in a company from 24 percent to sectoral foreign investment cap will alone increase the weight of the country in the EM index. |
 | ‘Only developers who are lean and mean will survive’, says President of National Real Estate Development CouncilIn the midst of an extended slowdown, the country’s real estate sector has been having a hard time over the past few years. |
 | Avoiding India's super-rich tax won't be easy for foreignersThe government has maintained that it is not specifically targeting overseas investors and that the increase in surcharge applies to individuals and entities. |
 | Government chooses to favour infant firms over dwarfs in Budget proposalsThe fact that the tax sleuth will have to take approval of a supervisor before initiating scrutiny will reduce instances of harassment of startups and venture capitalists in the name of Angel tax. |
 | Budget backed with plan, estimates realistic: Nirmala Sitharaman in Rajya SabhaThe Finance Minister said that said adequate provisions for expenditure particularly for defence, pension and salary and internal security have been provided. |
 | Kerala MP asks FM to withdraw ‘highest ever’ customs duty imposed on news papersSpeaking during discussion on the Budget, Kumar said that small and medium newspapers will go into deeper losses and many of them will be forced to close down. |
 | No disparity in GDP estimates: Finance Minister Nirmala Sitharaman clarifies Budget dataWhile the Economic Survey, released a day before the Union Budget, had pegged the nominal GDP growth at 12 per cent while the budget projected it at 11 per cent. |
 | Committed to fiscal consolidation without compromising on expenditure: Finance Minister Nirmala SitharamanSitharaman said several steps including enhancing investments in infrastructure, liberalisation in the foreign direct investment policy and lowering of corporate tax are being taken. |
 | Sorry, Modiji, tax breaks alone won't make India an investment hubAttracting foreign investment is key to Prime Minister Narendra Modi’s flagship Make-in-India programme, which is aimed at creating jobs and reducing unemployment. |
 | Budget outlines reforms to support economy but lacks plan for fiscal consolidation: Fitch RatingsThe agency said that the budget indicates that the BJP will continue its economic reform efforts in its second term and avoid the fiscal loosening. |
