Financial

BILL -2019
1.13-OF
2018.
a.in section 1; figures
2019;shall be
subsititutes;
b. in sub section 3. For
the frist proviso; THE
FOLLOWING PROVISO
SHALL BE
SUSITITUTES NAMELY;
PART -1 .
1.WHERE THE TOTAL INCOME
DOESN’T EXCEEDS 250000 BUT
DOESN’T EXCEEDS RS. 500000
2.WHERE THE TOTAL INCOME
EXCEEDS RS.1000000.
3.A. IN
CASEOFISSUEOFDEBENTURES
0.005%
4.IN CASEOFTRANSFER ANDRE-
ISSUE OF DEBENTURES.
5.ISSUE OF SECURITY OTHER THAN
DEBENTURES….
5.ISSUE OF SECURITY OTHER THAN
DEBENTURES …0.005%
6.TRANSFER OF SECURITY OTHER
THAN DEBENTURES ON NON –
DELIVERYBASIS; 0.003%
REASONS:
1.THE RATES FOR DEDUCTION OF TAX AT
SOURCES DURING THE FINANCIAL YEAR 2018-
2019 FROM INCOMES OTHER THAN
SALARIES….
2.ACCORDINGLY PROPOSES TO APPLY THE
PROVISSIONS OF SECTIONS AND PROVISSION
OF SECTION 2.OF . AND THE FRIST SHEDULE
TO THE FINANCIAL AND FINANCE ACT OF 2018
DURING 2019-2020.
3.CLAUSE 3OF THE BILL SEEKS TO AMEND
SECTION 16 OF THE INCOME TAX ACT TO
PROVIDE RELIEF TO THE INCOME TO THE
SALRIES TAX –PAYERS BY WAY OF
INCREASING THE CONSEQENTIAL AND
MODIFICATIONS. TO . OF 2019-2020 FINANCIAL
YEAR 2019-2020.
4. CLAUSE 11 TO 21 OF THE BILL SEEKS TO
AMEND THE INDIAN STAMP ACT;1899. FOR
LEVY AND ADMINISTRATIVES.
5.CLAUSEOF22OF THE BILL SEEKS TO AMEND
SUB SECTIONS 8.OF THE PREVENTIONS OF
MONEY LAUNDERING ACT 2002…
-PIYUSH GOYAL.
NEW- DEHLI:
THE 30 TH JANUARY;2019…
 A BILL:
 TO CONTINUE THE EXISTING RATES OF
INCOME TAX FOR THE FINANCIALYEAR
2019-2020 AND TO PROVIDE FOR CERTAIN
RELIEF TO TAXPAYERS AND TO MAKE
AMENDMENTS IN CERTAIN
ENACTMENTS…(-SHRI PIUSH GOYAL)
MINISTER OF FINANCE