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 30,42,230 crore. Out of this, Rs 3,37,553 crore has been allocated for Defence (excluding Defence Pension). … Read more
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 share/unit holder. Also check: TDS on Income from Pension and Family Pension It was … Read more
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 Senior Citizens Restoration of Pension completion of Ten years Introduce ‘Old Age Parent Care Leave‘ Reintroduce Family Planning … Read more