15.49 percent of the total central government expenditure for the year 2020-21 The Union Budget for the financial year 2020-21, presented by Finance Minister Smt Nirmala Sitharaman in Parliament on February 01, 2020, envisaged a total outlay of Rs … [Read more...]
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10% of TDS Deduction only on Mutual Fund Dividend
CBDT issues clarification on the applicability of TDS provisions on Mutual Fund dividend The Finance Bill, 2020 proposed to remove Dividend Distribution Tax (DDT) at the level of Company/ Mutual Fund and proposed to tax the same in the hands of … [Read more...]
Union Budget 2020 Proposals by NFIR
The National Federation of Railwaymen Federation (NFIR) writes to the Prime Minister Shri Narendra Modi on 30.12.2019 a list of proposals for consideration in the General Budget 2020. Highlights of Proposals: Income Tax Exemption on Pension for … [Read more...]