Tax Benefits to individual tax payers for 2019-20

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February 1, 2019 | NEWS | Post by: admin

Tax Benefits
1.Tax nil up to rs 500000/-
2.Salary Std deduction raised from 40k to 50k
3. Deemed rental income exemption proposed on second self occupied house
4. Tds threshold increase from 10000/- to 40000/- under section 194A for Ladies onlu
5. TDS on rent increase from 180000/- to 240000/-
6. Section 54 limit can be claimed now in two house
Capital gain of rs 2 Cr once in a life time.
7. Section 80IBA extended for one more year.
8. Exemption of notional rent on real sector increase from one year to two year on unsold inventory
*Devinder Gupta advocate*


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