K. C. Mehta & Co. Chartered Accountants (Ahmedabad) Produces Summary of 2019 India Budget

The Finance Minister presented Budget Proposals for the Financial Year 2019-2020 on July 5, 2019. In a way, this year’s budget can be seen as a pre-cursor to the upcoming Direct Tax Code with more focus on rationalising the existing provisions & procedures rather than revision in the policy-framework. There have been significant changes in few areas like TDS provisions, personal taxation and faceless assessments while impetus has been granted to start-ups and mega-manufacturing plants. From the economic survey and the budget proposals, it appears that the aim continues to be on shaping economy for a new India with doors of opportunities open to all.

K. C. Mehta & Co. Chartered Accountants (KCM) has put together a summary of the proposals contained in the budget to help others understand the connotations of this budget better.

Download the summary here.

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