{"id":62,"date":"2019-08-05T11:39:14","date_gmt":"2019-08-05T11:39:14","guid":{"rendered":"http:\/\/www.assetmultiplier.co.in\/blog\/?p=62"},"modified":"2019-10-04T05:18:51","modified_gmt":"2019-10-04T05:18:51","slug":"budget-2019-20-highlights-that-matter-for-individual-investors","status":"publish","type":"post","link":"https:\/\/www.assetmultiplier.co.in\/blog\/2019\/08\/05\/budget-2019-20-highlights-that-matter-for-individual-investors\/","title":{"rendered":"Budget 2019-20 highlights that matter for individual investors"},"content":{"rendered":"\n<p><em>Dated: 5th July 2019<\/em><\/p>\n\n\n\n<p>Impacting individuals:<\/p>\n\n\n\n<p>\u00b7 Income tax slab rate unchanged<\/p>\n\n\n\n<p>\u00b7 Additional deduction of Rs 1.5 lac on interest payment on the loan is taken for purchasing electric vehicles.<\/p>\n\n\n\n<p>\u00b7 Additional deduction of Rs 1.5 lac on interest payment on home loan under the affordable housing category. This deduction is applicable for loans taken before 31st March 2020.<\/p>\n\n\n\n<p>\u00b7 TDS of 2% on cash withdrawal exceeding Rs 1 crore in a year from a bank account.<\/p>\n\n\n\n<p>\u00b7 Surcharge for individuals earning Rs 2-5 crore a year and individuals earning more than Rs 5 crore will increase by around 3% and 7% respectively.<\/p>\n\n\n\n<p>\u00b7 Pension benefit to be extended to around Rs 3 crore retail traders and shopkeepers with an annual turnover less than Rs 1.5 crore under Pradhan Mantri Karam Yogi Man Dhan Scheme.<\/p>\n\n\n\n<p>Impacting Banking, NBFC and HFC sectors:<\/p>\n\n\n\n<p>\u00b7 Rs 70,000 cr will be provided to Public sector Banks to boost capital and increase credit.<\/p>\n\n\n\n<p>\u00b7 Regulating authority over housing finance companies to be returned from NHB to RBI<\/p>\n\n\n\n<p>\u00b7 Government will provide one-time 6-month partial credit guarantee for the purchase of high rated pooled assets of financially sound NBFCs up to Rs 1 lac cr in FY20. This measure is in response to the funding issues faced by the NBFC sector.<\/p>\n\n\n\n<p>Impacting Capital markets:<\/p>\n\n\n\n<p>\u00b7 Asked SEBI to consider raising the threshold of public shareholding in listed companies from 25% to 35%. If the change is made, listed companies will have to issue fresh equity or undertake stake sale to comply with the new rules.<\/p>\n\n\n\n<p>Other highlights:<\/p>\n\n\n\n<p>\u00b7 Special Additional Excise duty and Road and infrastructure cess raised by Re 1\/litre each on petrol and diesel.<\/p>\n\n\n\n<p>\u00b7 Import duty to be hiked on gold and precious metals to 12.5%, from the current level of 10%.<\/p>\n\n\n\n<p>\u00b7 Corporate tax rate of 25% for companies with an annual turnover below Rs 400 cr. The previous threshold was Rs 250 cr.<\/p>\n\n\n\n<p>\u00b7 Proposed GST rate cut for Electric Vehicles from 12% to 5%.<\/p>\n\n\n\n<p>What the market did not like:<\/p>\n\n\n\n<p>\u00b7 No relief on the Long term capital gains tax.<\/p>\n\n\n\n<p>\u00b7 Corporate tax reduction is proposed for companies below Rs 400 cr turnover. Larger corporates get no benefit.<\/p>\n\n\n\n<p>\u00b7 Special Additional Excise duty and Road and Infrastructure Cess each by one rupee a litre on petrol and diesel. This might have negative implications for the already weak auto demand.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dated: 5th July 2019 Impacting individuals: \u00b7 Income tax slab rate unchanged \u00b7 Additional deduction of Rs 1.5 lac on interest payment on the loan is taken for purchasing electric vehicles. \u00b7 Additional deduction of Rs 1.5 lac on interest payment on home loan under the affordable housing category. This deduction is applicable for loans [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[20],"tags":[106],"_links":{"self":[{"href":"https:\/\/www.assetmultiplier.co.in\/blog\/wp-json\/wp\/v2\/posts\/62"}],"collection":[{"href":"https:\/\/www.assetmultiplier.co.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.assetmultiplier.co.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.assetmultiplier.co.in\/blog\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.assetmultiplier.co.in\/blog\/wp-json\/wp\/v2\/comments?post=62"}],"version-history":[{"count":1,"href":"https:\/\/www.assetmultiplier.co.in\/blog\/wp-json\/wp\/v2\/posts\/62\/revisions"}],"predecessor-version":[{"id":63,"href":"https:\/\/www.assetmultiplier.co.in\/blog\/wp-json\/wp\/v2\/posts\/62\/revisions\/63"}],"wp:attachment":[{"href":"https:\/\/www.assetmultiplier.co.in\/blog\/wp-json\/wp\/v2\/media?parent=62"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.assetmultiplier.co.in\/blog\/wp-json\/wp\/v2\/categories?post=62"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.assetmultiplier.co.in\/blog\/wp-json\/wp\/v2\/tags?post=62"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}