Page 12 - Union Budget_2019

Union Budget 2019
1st
14 TDS on non-exempt portion of life insurance pay-out on net basis Prospective September,

2019
st
1
Tax Deduction at Source (TDS) on payment by Individual/HUF to
15 Prospective September
contractors and professionals
2019
st
1
16 TDS at the time of purchase of immovable property Prospective September
2019

st
1 April,
17 Deduction under Section 80LA for units of IFSC Prospective
2020
st
1 April,
18 Tax incentive for electric vehicles Prospective
2020
st
1 April,
19 Tax incentive for affordable housing Prospective
2020
st
1 April,
20 Incentives to National Pension System (NPS) subscribers Prospective
2020
st
1 April
21 Promotion of External Borrowings Prospective
2020
Exemption of interest income of a non-resident arising from
st
1 April
22 borrowings by way of issue of Rupee Denominated Bonds Prospective
2019
referred to under section 194LC

Tax on income distributed to shareholder in case of listed 5th July,
23 Prospective
companies 2019
Provide for pass through of losses in cases of Category I and 1st April,
24 Prospective
Category II Alternative Investment Fund (AIF) 2020
st
1
25 Rationalisation of Provisions of Dividend Distribution Tax (DDT) Prospective September
2019

1
st
26 No DDT for Mutual Funds in IFSC Prospective September

2019
Clarification with regard to power of the Assessing Officer in 1st
27 respect of modified return of income filed in pursuance to signing Prospective September
of the Advance Pricing Agreement (APA) 2019

10