In the News Today

 

DMK President MK Stalin’s speech at the launch of Poet Vairamuthu’s book Tamizhattrupadai

If there is no water scarcity, why is water being brought in train wagons : Karti Chidambaram

INC TamilNadu Chief KS Alagiri and Sivaganga MP Karti Chidambaram speaking to the press at Madurai Airport

Tamil Nadu Congress is organising demonstrations in every district today to register strong protest of Tamil Nadu People against BJP for conspiring to destabilise elected Govt in Karnataka thru blatant misuse of money/central agencies & to express our solidarity with INCKarnataka.

INC TamilNadu Chief KS Alagiri will be leading the agitation in Ramanad district, CLP Leader KRRamasamy, Congress MPs/MLAs in their respective constituencies, TNCC functionaries & other leaders in assigned DCCs & I will be participating in Chennai : Sanjay Dutt , Secretary AICC – Incharge Tamil Nadu & Puducherry.

President Kovind presents LL.D to three eminent judges

President Kovind attends special convocation of Tamil Nadu Dr Ambedkar Law University conferring LL.D. (Honoris Causa) on Justice Sathasivam, Governor of Kerala & former CJI; Justice Bobde, Judge, Supreme Court of India; and Justice Tahilramani, Chief Justice of Madras High Court.

Speaking at the function President Kovind said, Our legal system has a reputation for being expensive and for being prone to delays. There are some who tend to use and abuse the instrument of adjournments as a tactic to slow down proceedings, rather than a response to a genuine emergency.

This makes obtaining justice costly for the litigant. It would be a travesty of our republican ethic if a poor person did not get the same access to the law as a rich person. The legal profession must continue to address this collectively, he added.

Swachhata Abhiyan at Parliament House

Speaker, Lok Sabha Om Birla, Defence Minister Rajnath Singh, Health Minister Dr. Harsh Vardhan and other dignitaries during SwachhataAbhiyan, at Parliament House, in New Delhi.

The soon to be handed over 2BHK Dignity Housing program of Mandepalli Village in Rajanna Siricilla district

 

Budget 2019 – IT returns can now on be filed using Aadhaar number, if PAN card not available

Budget 2019 – Highlights

Budget 2019
  • PAN and Aadhaar to be made interchangeable for convenience of tax payers; Income Tax returns can now on be filed using Aadhaar number, if PAN card not available.
  • Govt simplifying the GST processes. A simplified single monthly return will be rolled out to enable those with a Turnover of less than Taxpayers with annual turnover less than 5 crore will be required to file theirs returns only quarterly returns.
  • Fully automated GST Refund module shall be implemented; multiple tax ledgers to be replaced by one; invoice details to be captured in a central system
  • Surcharge on individuals having taxable income from 2 crore – 5 crore and 5 crore and above to be enhanced,- 2- so that effective tax rate will increase by around 3% and 7% respectively.
  • Surcharge on individuals having taxable income above Rs 5 crore to be enhanced. Effective tax rate to increase by around 7%.
  • Faceless income tax assessment in electronic mode involving no human interface to be launched this year in a phased manner, to reduce taxpayer harassment.
  • To discourage business payments in cash, Tax Deduction at Source of 2% to be levied on cash withdrawal exceeding 1 crore rupees in a year from a bank account.
  • Giving big boost to electric vehicles “Additional income tax deduction of 1.5 lakh rupees on the interest paid on the loans taken to purchase electric vehicles”
  • To provide further impetus to affordable housing, additional deduction of 1.5 lakh rupees on interest paid on loans borrowed upto 31 Mar, 2020 for purchase of house up to 45 lakhs.
  • Relief in levy of Securities Transaction tax to be provided.
  • Business establishments with annual turnover more than 50 crore rupees may offer low-cost digital payments; no charges or merchant discount rates to be imposed on customers or merchants for these.
  • Customs Duty on gold, precious metals hiked from 10% to 12.5%.
  • 5% customs duty imposed on imported books.