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Relief For Senior Citizens In General Budget 2018-19

Senior CitizensNew Delhi: Presenting the General Budget 2018-19 in Parliament here, Finance Minister said that the exemption of interest income on deposits with banks and post offices to be increased from Rs.10,000/- to Rs.50,000/- and TDS shall not be required to be deducted on such income, under section 194A.

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Budget 2018-19: Total Expenditure For Fiscal Estimated To Be Over Rs.24.42 Lakh Crore

Budget 2018-19: Total Expenditure For Fiscal Estimated To Be Over Rs.24.42 Lakh CroreNew Delhi: Union Finance Minister Arun Jaitley while presenting the General Budget for 2018-19 in Parliament here, said that this Budget reflects the government’s firm commitment to substantially boost investment in Agriculture, social sector, Digital Payments, Infrastructure and Employment Generation while simultaneously sticking to the path of fiscal rectitude.

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Budget To Push Digital Economy, Proposes No Cash Transaction Above ₹3 Lakh

Budget To Push Digital Economy; Proposes No Cash Transaction Above  ₹3 Lakh

New Delhi: In a bid to give a push to Digital Economy and weed-out corruption and black money, the Union Minister for Finance and Corporate Affairs Arun Jaitley in his Budget Speech said that the Government has decided that no transaction above ₹3 lakh will be permitted in cash. Accepting a suggestion by Special Investigation Team on Black Money to ban cash transactions above ₹3 lakhs, the Finance Minister has proposed an amendment to the Income-tax Act in the Finance Bill.

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