Interim Budget 2019-20

01 February 2019

Taking Digital India one step further, the government’s focus now also includes programmes for further development and promotion of artificial intelligence which has displayed tremendous potential through numerous Indian start-ups - Bhavin Shah Associate Partner/ Tax and Regulatory Services, BDO India

Source: TechCircle - VCCircle


Long term focus on electric cars with continued growth of road infrastructure, indicates some of the key policy developments expected in this area. Focus and investment in the fields of biofuel and renewable energy would not only reduce dependence on conventional and scarce fuel sources but also address global environmental concerns - Niranjan Govindekar, Partner/ Tax and Regulatory Services, BDO India

The middle class can now dream of a holiday home without worrying about tax on notional rent - Tax Partner, BDO India

Capital exemption on sale of one house property extended to two. Keeping in mind the current real estate price, the move does not look to be that beneficial for Aam Janata -Partho Dasgupta, Partner/ Tax and Regulatory Services, BDO India

Extending the time limit for completing affordable housing projects to earn a tax holiday under 80IBA, this will bring a breather for some projects which have struggled to complete for various reasons - Prakash Kotadia, Partner/ Tax and Regulatory Services, BDO India

Source: ET Brand Equity


An interim budget by an interim FM still with a clear focus on long term fundamentals along with targeted proposals crucial to address the current economic, political and social situation. The interim budget focused on inclusive development and tax concessions. Policy announcements for agriculture & allied activities, rural communities and welfare of the workmen is outlining the Government’s vision statement for the next term - Suraj Malik, Partner -Transaction Tax/ Tax & Regulatory Services, BDO India.

Source: BusinessWorld


Extending the time limit for completing affordable housing projects to earn a tax holiday under 80IBA will provide some breather to some projects, which have struggled for various reasons - Partho Dasgupta, Partner/ Tax & Regulatory Services, BDO India

Source: Economic Times


Complete tax rebate up to Rs. 5 lacs is a populist measure, however it is important to understand how the loss of tax collection equaling ~ Rs 18,500, will impact the overall economy. -  Partho Dasgupta, Partner/ Tax & Regulatory Services, BDO India

Source: Economic Times


An interim budget by an interim FM still with a clear focus on long-term fundamentals along with targeted proposals crucial to address the current economic, political and social situation. The interim budget focused on inclusive development and tax concessions. Policy announcements for agriculture and allied activities, rural communities and welfare of the workmen is outlining the government’s vision statement for the next term. - Suraj Malik, Partner -Transaction Tax/ Tax & Regulatory Services, BDO India.

Source: Moneycontrol


Long term focus on electric cars with continued growth of road infrastructure, indicates some of the key policy developments expected in this area. Focus and investment in the fields of biofuel and renewable energy would not only reduce dependence on conventional and scarce fuel sources but also address global environmental concerns. - Niranjan Govindekar, Partner/ Tax & Regulatory Services, BDO India.

Source: Economic Times


Substantial growth in direct tax base, both in terms of number of tax payers and tax collection, should allow for reduction of direct tax rates - Pranay Bhatia, Partner /Tax & Regulatory Services, BDO India.

Source: Economic Times