You are here: Home » Opinion » Letters
Business Standard

Letter to BS: Union Budget 2019 did not offer too many tax sops

Raising the threshold limit from Rs 2.5 lakh to Rs 5 lakh paved way for many lower income salary earners

Business Standard 

The pros and cons if inheritance tax makes a comeback in Budget 2019

This year’s Union Budget did not offer too many tax sops and instead focused on the need of the hour for the common man on construction of houses, electrification and the likes. Raising the threshold limit from Rs 2.5 lakh to Rs 5 lakh paved way for many lower income salary earners. Start-ups were given a lot of incentives and this was in a way to ease the unemployment problem. Corporate bodies rejoiced over a 5 per cent tax rate concession of 25 per cent instead of 30 per cent for a turnover of up to Rs 400 crore. Housing loan interest also saw a boost with an additional Rs 1.5 lakh to stimulate real-estate sector. Overall, the Budget has given every sector a piece of the cake.

Ashok Jayaram, Bengaluru



can be mailed, faxed or e-mailed to:
The Editor, Business Standard
Nehru House, 4 Bahadur Shah Zafar Marg
New Delhi 110 002
Fax: (011) 23720201 · E-mail: letters@bsmail.in
All must have a postal address and telephone number

First Published: Sun, July 07 2019. 21:28 IST
RECOMMENDED FOR YOU