BUDGET 2019

TAX BENEFITS ON ELECTRIC VEHICLES AS PER BUDGET, 2019

As a follow-up to the FAME scheme (Faster Adoption and Manufacturing of Hybrid & electric vehicles Scheme) launched in 2015 to promote EVs in the country, the government announced its second phase, i.e. FAME-2 on 1 April, 2019, with an outlay of Rs 10,000 Crore. Under the second phase of FAME India Scheme, subsidy on …

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AFFORDABLE HOUSING : A BENEFIT FROM BUDGET, 2019

As per the budget 2019, an additional Income Tax Benefit has been provided by introducing new section 80EEA of the Income Tax Act for boosting housing for all and affordable housing scheme. With the introduction of Section 80EEA, an individual taxpayer will now get an additional deduction of Rs 1.5 lakh, which is over and …

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