{"id":12862,"date":"2019-02-02T14:17:11","date_gmt":"2019-02-02T08:47:11","guid":{"rendered":"http:\/\/itatonline.org\/info\/?p=12862"},"modified":"2019-02-02T14:17:12","modified_gmt":"2019-02-02T08:47:12","slug":"finance-bill-2019-ca-piyush-goyal-wins-accolades-for-thanking-taxpayers-stating-that-99-54-returns-accepted-without-scrutiny","status":"publish","type":"post","link":"https:\/\/itatonline.org\/info\/finance-bill-2019-ca-piyush-goyal-wins-accolades-for-thanking-taxpayers-stating-that-99-54-returns-accepted-without-scrutiny\/","title":{"rendered":"Finance Bill 2019: CA Piyush Goyal Wins Accolades For Thanking Taxpayers &#038; Stating That 99.54% Returns Accepted Without Scrutiny"},"content":{"rendered":"<p>The gesture of Hon&#8217;ble Piyush Goyal of thanking taxpayers after presenting the Finance Bill 2019 has been well received by the public. People are pointing out that he has greater empathy towards taxpayers owing to his background as a distinguished CA. He has assured that almost all assessment and verification of IT returns will be done electronically by an anonymized tax system without any intervention by tax officials<\/p>\n<p><script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script><br \/>\n<!-- responsive --><br \/>\n<ins class=\"adsbygoogle\"\n     style=\"display:block\"\n     data-ad-client=\"ca-pub-6440093791992877\"\n     data-ad-slot=\"6406297397\"\n     data-ad-format=\"auto\"><\/ins><br \/>\n<script>\n(adsbygoogle = window.adsbygoogle || []).push({});\n<\/script> <\/p>\n<div class=\"journal2\"><a href=\"https:\/\/itatonline.org\/info\/finance-bill-2019-ca-piyush-goyal-wins-accolades-for-thanking-taxpayers-stating-that-99-54-returns-accepted-without-scrutiny\/finance-bill-2019\/\" rel=\"attachment wp-att-12863\">Click here to download Finance Bill 2019<\/a><\/div>\n<p><iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/lDzf52OO21U\" frameborder=\"0\" allow=\"accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Sharing what was received from a friend. <br \/>\u201cI have been paying tax since decades.<br \/>But never heard a Finance Min say in the parliament &#8211; *&quot;Thank U Tax Payers&quot;.*<br \/>Take a bow <a href=\"https:\/\/twitter.com\/PiyushGoyal?ref_src=twsrc%5Etfw\">@PiyushGoyal<\/a> ?<br \/>You just won the hearts of all tax payers. Finally someone accepted their imp for the nation\u201d.<\/p>\n<p>&mdash; Kiran Bedi (@thekiranbedi) <a href=\"https:\/\/twitter.com\/thekiranbedi\/status\/1091520697975824384?ref_src=twsrc%5Etfw\">February 2, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">All India ranking 2nd CA : <a href=\"https:\/\/twitter.com\/PiyushGoyalOffc?ref_src=twsrc%5Etfw\">@PiyushGoyalOffc<\/a><\/p>\n<p>&mdash; Ashish Merchant (@Ashishmerc) <a href=\"https:\/\/twitter.com\/Ashishmerc\/status\/1091553727880691715?ref_src=twsrc%5Etfw\">February 2, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Before that all were lawyers. But he is CA and knows the value of tax better.<a href=\"https:\/\/twitter.com\/hashtag\/ModiOnceMore?src=hash&amp;ref_src=twsrc%5Etfw\">#ModiOnceMore<\/a> ?\u270c?<\/p>\n<p>&mdash; Chandrika K S (@chandrika141269) <a href=\"https:\/\/twitter.com\/chandrika141269\/status\/1091545863548297216?ref_src=twsrc%5Etfw\">February 2, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Very beautifully presented Budget.. Great.. The best part of Budget is thanking the taxpayers for their contribution.. I think it is for the first time.. Proud of u CA Piyush Goyal Sirji.. I belong to same fraternity and hence feeling more proud..<\/p>\n<p>&mdash; Geetaa Guwalanii (@guwalanii) <a href=\"https:\/\/twitter.com\/guwalanii\/status\/1091442776577855488?ref_src=twsrc%5Etfw\">February 1, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">First time in Indian history, a Chartered Accountant is going to present the budget before the Nation. Lots of expectations on today&#39;s budget from CA Piyush Goyal. <a href=\"https:\/\/twitter.com\/PiyushGoyal?ref_src=twsrc%5Etfw\">@PiyushGoyal<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/RightManForRightJob?src=hash&amp;ref_src=twsrc%5Etfw\">#RightManForRightJob<\/a><\/p>\n<p>&mdash; Shruchita Singh (@shruchita) <a href=\"https:\/\/twitter.com\/shruchita\/status\/1091193483426070529?ref_src=twsrc%5Etfw\">February 1, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">I have been paying tax since 1988<br \/>But never heard a FM saying in the Parliament -&quot;Thank You Tax Payers&quot;.<br \/>It is being lauded by one &amp; all<br \/>CA Piyush Goyal ?<br \/>You just won the hearts of all tax payers. Finally someone accepted  imp of taxpayers for the nation bldg!<\/p>\n<p>&mdash; Julfesh Shah CA (@JulfeshS) <a href=\"https:\/\/twitter.com\/JulfeshS\/status\/1091338414593581056?ref_src=twsrc%5Etfw\">February 1, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"twitter-tweet\" data-cards=\"hidden\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">So proud to see someone from our CA faternity presenting the budget. More power to you sir. Amd more power to the common man. <a href=\"https:\/\/twitter.com\/PiyushGoyal?ref_src=twsrc%5Etfw\">@PiyushGoyal<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Budget2019?src=hash&amp;ref_src=twsrc%5Etfw\">#Budget2019<\/a> <a href=\"https:\/\/t.co\/DcGpnN4NwK\">pic.twitter.com\/DcGpnN4NwK<\/a><\/p>\n<p>&mdash; Pratham Aggarwal (@prathamagg28) <a href=\"https:\/\/twitter.com\/prathamagg28\/status\/1091471586165690374?ref_src=twsrc%5Etfw\">February 1, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Discussion on Direct Tax proposals in <a href=\"https:\/\/twitter.com\/hashtag\/Budget2019?src=hash&amp;ref_src=twsrc%5Etfw\">#Budget2019<\/a> with Central Board of Direct Taxes (CBDT) Chairman Sushil Chandra<br \/>VIDEO: <a href=\"https:\/\/t.co\/jeP4l73NvT\">https:\/\/t.co\/jeP4l73NvT<\/a><a href=\"https:\/\/twitter.com\/hashtag\/BudgetForNewIndia?src=hash&amp;ref_src=twsrc%5Etfw\">#BudgetForNewIndia<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/BudgetSession2019?src=hash&amp;ref_src=twsrc%5Etfw\">#BudgetSession2019<\/a>  <a href=\"https:\/\/twitter.com\/hashtag\/BudgetwithDDNews?src=hash&amp;ref_src=twsrc%5Etfw\">#BudgetwithDDNews<\/a> <a href=\"https:\/\/t.co\/VHA6w2SfMk\">pic.twitter.com\/VHA6w2SfMk<\/a><\/p>\n<p>&mdash; Doordarshan News (@DDNewsLive) <a href=\"https:\/\/twitter.com\/DDNewsLive\/status\/1091358005554176000?ref_src=twsrc%5Etfw\">February 1, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Acceptance of mroe than 99% tax returns without scrutiny is a historic development, Government is working towards the whole nation walking on the path of honesty: FM Shri Piyush Goyal <a href=\"https:\/\/t.co\/Y9RyuVGrHR\">https:\/\/t.co\/Y9RyuVGrHR<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Budget2019?src=hash&amp;ref_src=twsrc%5Etfw\">#Budget2019<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/BudgetForNewIndia?src=hash&amp;ref_src=twsrc%5Etfw\">#BudgetForNewIndia<\/a> <a href=\"https:\/\/t.co\/SeKFtRyZFK\">https:\/\/t.co\/SeKFtRyZFK<\/a><\/p>\n<p>&mdash; PIB India (@PIB_India) <a href=\"https:\/\/twitter.com\/PIB_India\/status\/1091261258832084992?ref_src=twsrc%5Etfw\">February 1, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"twitter-tweet\" data-cards=\"hidden\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">99.54% returns have been accepted without any scrutiny <br \/>Within 2years, almost all assessment and verification of IT returns will be done electronically by an anonymized tax system without any intervention by tax officials: <a href=\"https:\/\/twitter.com\/PiyushGoyal?ref_src=twsrc%5Etfw\">@PiyushGoyal<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/BudgetKiBaazi2019?src=hash&amp;ref_src=twsrc%5Etfw\">#BudgetKiBaazi2019<\/a> <a href=\"https:\/\/t.co\/yO8KOmivys\">https:\/\/t.co\/yO8KOmivys<\/a><\/p>\n<p>&mdash; Zee News (@ZeeNews) <a href=\"https:\/\/twitter.com\/ZeeNews\/status\/1091223694750466048?ref_src=twsrc%5Etfw\">February 1, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"twitter-tweet\" data-cards=\"hidden\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">On behalf of all the people of India and our Government, thank all our taxpayers for their valuable contribution to nation-building and for providing a better quality of life to poor and marginalized: FM Shri Piyush Goyal <a href=\"https:\/\/twitter.com\/hashtag\/Budget2019?src=hash&amp;ref_src=twsrc%5Etfw\">#Budget2019<\/a> <a href=\"https:\/\/t.co\/bwq6afFrrs\">https:\/\/t.co\/bwq6afFrrs<\/a><\/p>\n<p>&mdash; PIB India (@PIB_India) <a href=\"https:\/\/twitter.com\/PIB_India\/status\/1091229292095127552?ref_src=twsrc%5Etfw\">February 1, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Individual taxpayers having annual income upto Rs 5 lakhs will get full tax rebate. Individuals with gross income up to 6.5 lakh rupees will not need to pay any tax if they make investments in provident funds and prescribed equities :FM Piyush Goyal<a href=\"https:\/\/twitter.com\/hashtag\/Budget2019?src=hash&amp;ref_src=twsrc%5Etfw\">#Budget2019<\/a><a href=\"https:\/\/twitter.com\/hashtag\/BudgetForNewIndia?src=hash&amp;ref_src=twsrc%5Etfw\">#BudgetForNewIndia<\/a> <a href=\"https:\/\/t.co\/4LgxrCK9u3\">pic.twitter.com\/4LgxrCK9u3<\/a><\/p>\n<p>&mdash; PIB India (@PIB_India) <a href=\"https:\/\/twitter.com\/PIB_India\/status\/1091232949263953922?ref_src=twsrc%5Etfw\">February 1, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Personal Tax Changes. <a href=\"https:\/\/twitter.com\/hashtag\/Budget2019?src=hash&amp;ref_src=twsrc%5Etfw\">#Budget2019<\/a><\/p>\n<p>Live Blog: <a href=\"https:\/\/t.co\/CNHVQ17414\">https:\/\/t.co\/CNHVQ17414<\/a> <a href=\"https:\/\/t.co\/XmtnhFbEcJ\">pic.twitter.com\/XmtnhFbEcJ<\/a><\/p>\n<p>&mdash; BloombergQuint (@BloombergQuint) <a href=\"https:\/\/twitter.com\/BloombergQuint\/status\/1091232638180814848?ref_src=twsrc%5Etfw\">February 1, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\" data-lang=\"en\">\n<p lang=\"ht\" dir=\"ltr\">FM Piyush Goyal on <a href=\"https:\/\/twitter.com\/hashtag\/Budget2019?src=hash&amp;ref_src=twsrc%5Etfw\">#Budget2019<\/a> ? <a href=\"https:\/\/twitter.com\/hashtag\/BudgetForNewIndia?src=hash&amp;ref_src=twsrc%5Etfw\">#BudgetForNewIndia<\/a> <a href=\"https:\/\/t.co\/9h9IPbr69y\">pic.twitter.com\/9h9IPbr69y<\/a><\/p>\n<p>&mdash; PIB India (@PIB_India) <a href=\"https:\/\/twitter.com\/PIB_India\/status\/1091230905501331456?ref_src=twsrc%5Etfw\">February 1, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Tax collections increased from Rs 6.38 Lakh Crore in year 2013-14 to almost Rs 12 Lakh Crore this year: Finance Minister <a href=\"https:\/\/twitter.com\/PiyushGoyal?ref_src=twsrc%5Etfw\">@PiyushGoyal<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Budget2019?src=hash&amp;ref_src=twsrc%5Etfw\">#Budget2019<\/a><a href=\"https:\/\/twitter.com\/hashtag\/BudgetForNewIndia?src=hash&amp;ref_src=twsrc%5Etfw\">#BudgetForNewIndia<\/a><\/p>\n<p>?: <a href=\"https:\/\/t.co\/7WTtDEMyJK\">https:\/\/t.co\/7WTtDEMyJK<\/a> <a href=\"https:\/\/t.co\/YXobM5ZG5U\">pic.twitter.com\/YXobM5ZG5U<\/a><\/p>\n<p>&mdash; PIB India (@PIB_India) <a href=\"https:\/\/twitter.com\/PIB_India\/status\/1091246130304708608?ref_src=twsrc%5Etfw\">February 1, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">For first time ever in my living memory tax-paying middle classes have been recognised by Govt through word and deed. The huge income tax exemption is a big relief. That apart, the words of elaborate appreciation of contribution made by middle classes mean a lot. <a href=\"https:\/\/twitter.com\/hashtag\/Budget2019?src=hash&amp;ref_src=twsrc%5Etfw\">#Budget2019<\/a><\/p>\n<p>&mdash; Kanchan Gupta (@KanchanGupta) <a href=\"https:\/\/twitter.com\/KanchanGupta\/status\/1091240587162988544?ref_src=twsrc%5Etfw\">February 1, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/Budget2019?src=hash&amp;ref_src=twsrc%5Etfw\">#Budget2019<\/a> |  Capital gains exemption to be available on 2 house properties <a href=\"https:\/\/twitter.com\/hashtag\/ElectionBudget?src=hash&amp;ref_src=twsrc%5Etfw\">#ElectionBudget<\/a> <a href=\"https:\/\/t.co\/cYeIgP5riz\">pic.twitter.com\/cYeIgP5riz<\/a><\/p>\n<p>&mdash; CNBC-TV18 (@CNBCTV18Live) <a href=\"https:\/\/twitter.com\/CNBCTV18Live\/status\/1091232528818556928?ref_src=twsrc%5Etfw\">February 1, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"ht\" dir=\"ltr\">FM Piyush Goyal on <a href=\"https:\/\/twitter.com\/hashtag\/Budget2019?src=hash&amp;ref_src=twsrc%5Etfw\">#Budget2019<\/a> ? <a href=\"https:\/\/twitter.com\/hashtag\/BudgetForNewIndia?src=hash&amp;ref_src=twsrc%5Etfw\">#BudgetForNewIndia<\/a> <a href=\"https:\/\/t.co\/8KYqHRZgQo\">pic.twitter.com\/8KYqHRZgQo<\/a><\/p>\n<p>&mdash; PIB India (@PIB_India) <a href=\"https:\/\/twitter.com\/PIB_India\/status\/1091233002078629888?ref_src=twsrc%5Etfw\">February 1, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Tax collections increased from Rs 6.38 Lakh Crore in year 2013-14 to almost Rs 12 Lakh Crore this year<\/p>\n<p>80% growth in tax base; number of returns filed increased from 3.79 crore to 6.85 Crore<\/p>\n<p>Within the next 2 years, almost all verification and assessment of returns selected for scrutiny to be done electronically<br \/>\nPosted On: 01 FEB 2019 1:24PM by PIB Delhi<br \/>\nThe Government has reduced tax rates, more for the common man and middle class, and made the interface with the tax department much simpler and largely faceless. Due to this, the tax collections increased significantly from Rs 6.38 lakh crore in 2013-14 to almost Rs 12 lakh crore this year. The number of returns filed have also increased from 3.79 crore to 6.85 crore showing 80% growth in tax base.<\/p>\n<p>While presenting the Interim Budget 2019-20 in Parliament today the Union Minister for Finance, Corporate Affairs, Railways &#038; Coal, Shri Piyush Goyal said, \u201cI thank the honest taxpayers of India for reposing faith in our Government. Let me assure them that we have used their contribution to serve the poor and create better infrastructure.\u201d<\/p>\n<p>The Income Tax Department now functions online. Returns, assessments, refunds and queries are all undertaken online. Last year, 99.54% of the income-tax returns were accepted as they were filed. Shri Piyush Goyal said that the Government has now approved a path breaking, technology intensive project to transform the Income-tax Department into a more assessee-friendly one. All returns will be processed in twenty-four hours and refunds issued simultaneously.\u201d<\/p>\n<p>Within the next two years, almost all verification and assessment of returns selected for scrutiny will be done electronically through anonymised back office, manned by tax experts and officials, without any personal interface between taxpayers and tax officers, he added.<\/p>\n<p>The Minister said that reducing the tax burden on middle class has always been our priority ever since the Government took over in 2014. The Government increased the basic exemption limit from Rs  2 lakh to Rs 2.5 Lakh and gave tax rebate so that no tax was payable by persons having income up to Rs 3 lakh. The Government also reduced the tax rate from 10% to 5% for the tax slab of Rs 2.5 lakh to Rs 5 lakh and introduced Standard Deduction of  Rs 40,000 for the salaried class. Deduction of savings under section 80C was increased from Rs 1 lakh to Rs 1.5 lakh. Deduction of interest for self-occupied house property was raised from Rs 1.5 lakh to Rs 2 lakh.<\/p>\n<p>Special benefits and incentives were also given to small businesses and startups. Overall compliance processes were simplified. Threshold limit for presumptive taxation of business was raised from Rs 1 crore to Rs 2 crore. The benefit of presumptive taxation was extended for the first time to small professionals fixing threshold limit at Rs 50 lakh. In order to promote a less cash economy, the presumptive profit rate has been reduced from 8% to 6%. The tax rate for companies with turnover of up to Rs 250 crore, covering almost 99% of the companies, was reduced to 25% which was also applicable to new manufacturing companies without any turnover limits.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Individual taxpayers having annual income upto Rs 5 lakhs will get full tax rebate. <a href=\"https:\/\/twitter.com\/hashtag\/Budget2019?src=hash&amp;ref_src=twsrc%5Etfw\">#Budget2019<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/BudgetForNewIndia?src=hash&amp;ref_src=twsrc%5Etfw\">#BudgetForNewIndia<\/a> <a href=\"https:\/\/t.co\/DoxNoSmlnt\">pic.twitter.com\/DoxNoSmlnt<\/a><\/p>\n<p>&mdash; PIB India (@PIB_India) <a href=\"https:\/\/twitter.com\/PIB_India\/status\/1091250027861762049?ref_src=twsrc%5Etfw\">February 1, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Fiscal deficit down to 3.4%; average inflation 4.6%<a href=\"https:\/\/twitter.com\/hashtag\/FDI?src=hash&amp;ref_src=twsrc%5Etfw\">#FDI<\/a> of USD 239 BN in five years<\/p>\n<p>Banks recover Rs 3 Lakh Crores in outstanding loans.<\/p>\n<p>?: <a href=\"https:\/\/t.co\/v3Uqweu1k2\">https:\/\/t.co\/v3Uqweu1k2<\/a> <a href=\"https:\/\/t.co\/oWbyrRqJ6p\">pic.twitter.com\/oWbyrRqJ6p<\/a><\/p>\n<p>&mdash; PIB India (@PIB_India) <a href=\"https:\/\/twitter.com\/PIB_India\/status\/1091248339021049857?ref_src=twsrc%5Etfw\">February 1, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">This is a <a href=\"https:\/\/twitter.com\/hashtag\/BudgetForNewIndia?src=hash&amp;ref_src=twsrc%5Etfw\">#BudgetForNewIndia<\/a> and for all Indians. Watch my take. <a href=\"https:\/\/t.co\/eAsPXMk1Dr\">https:\/\/t.co\/eAsPXMk1Dr<\/a><\/p>\n<p>&mdash; Narendra Modi (@narendramodi) <a href=\"https:\/\/twitter.com\/narendramodi\/status\/1091273730649538561?ref_src=twsrc%5Etfw\">February 1, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">The tax exemption limit was first raised from Rs. 2 lakhs to Rs. 2.5 lakhs by the NDA Government. Thereafter, without altering the slabs, people earning upto Rs. 3 lakhs were exempted from payment of taxes.<\/p>\n<p>&mdash; Arun Jaitley (@arunjaitley) <a href=\"https:\/\/twitter.com\/arunjaitley\/status\/1091287335424151553?ref_src=twsrc%5Etfw\">February 1, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">In a further calibrated move, those in the income bracket of Rs.3 to 5 lakhs witnessed their tax liability being halved from 10% to 5% and today this category has been completely exempted.<\/p>\n<p>&mdash; Arun Jaitley (@arunjaitley) <a href=\"https:\/\/twitter.com\/arunjaitley\/status\/1091287399831871488?ref_src=twsrc%5Etfw\">February 1, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Last year the Government restored the benefit of Standard Deduction to salaried taxpayer at Rs.40,000\/-. This year this benefit is being extended to Rs.50,000\/-.<\/p>\n<p>&mdash; Arun Jaitley (@arunjaitley) <a href=\"https:\/\/twitter.com\/arunjaitley\/status\/1091287474305990656?ref_src=twsrc%5Etfw\">February 1, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The gesture of Hon&#8217;ble Piyush Goyal of thanking taxpayers after presenting the Finance Bill 2019 has been well received by the public. People are pointing out that he has greater empathy towards taxpayers owing to his background as a distinguished CA. He has assured that almost all assessment and verification of IT returns will be done electronically by an anonymized tax system without any intervention by tax officials<\/p>\n<div class=\"read-more\"><a href=\"https:\/\/itatonline.org\/info\/finance-bill-2019-ca-piyush-goyal-wins-accolades-for-thanking-taxpayers-stating-that-99-54-returns-accepted-without-scrutiny\/\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1,7],"tags":[],"class_list":["post-12862","post","type-post","status-publish","format-standard","hentry","category-all-information","category-others"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/posts\/12862","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/comments?post=12862"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/posts\/12862\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/media?parent=12862"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/categories?post=12862"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/tags?post=12862"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}