Finance Bill 2019 A Crisp Analysis of Tax Provisions by Blue
- Reduced corporate income tax rate of 25% extended to companies up to a turnover of Rs. 400 crore.
- Buy back of shares by listed companies will also attract an additional tax of 20%
- TDS coverage increased on certain amounts related to immovable property
- Deemed accrual of the gift made to a person outside India.
- TDS of 2% on cash withdrawal in excess of Rs. 1 crore in aggregate.
- Surcharge on super-rich increased from 15% to 37%
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