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Finance Bill 2019 A Crisp Analysis of Tax Provisions by Blue

Finance Bill 2019 A Crisp Analysis of Tax Provisions by Blue

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  1. Reduced corporate income tax rate of 25% extended to companies up to a turnover of Rs. 400 crore.
  2. Buy back of shares by listed companies will also attract an additional tax of 20%
  3. TDS coverage increased on certain amounts related to immovable property
  4. Deemed accrual of the gift made to a person outside India.
  5. TDS of 2% on cash withdrawal in excess of Rs. 1 crore in aggregate.
  6. Surcharge on super-rich increased from 15% to 37%