13 big tax changes that happened in 2019 and its impact on your personal finances
- Press Release|
- < 1 minute
- By Taxmann
- Last Updated on 28 October, 2020
December 26, 2019
Naveen Wadhwa, Deputy General Manager at Taxmann.com, said:
“The surcharge of 25% or 37% (as applicable on your income) will be applicable only on your income from sources other than capital gains (long-term and short-term). If the income is earned from capital gains from the stock market (as referred to in Section 111A and 112A), then a surcharge of 10% or 15% as levied prior to Budget 2019 will be applicable. For other incomes such as salary, rental income, interest income and so on, new surcharge rate (25% or 37%) will be applicable to your income brackets.
Read full article here: 13 big tax changes that happened in 2019
Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.
Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.
The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:
- The statutory material is obtained only from the authorized and reliable sources
- All the latest developments in the judicial and legislative fields are covered
- Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
- Every content published by Taxmann is complete, accurate and lucid
- All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
- The golden rules of grammar, style and consistency are thoroughly followed
- Font and size that’s easy to read and remain consistent across all imprint and digital publications are applied
Comments are closed.