As many salaried taxpayers got their Form 16 late, ITR deadline was extended by a month to August 31.
The government has allowed the task force to submit its report by 16th of August 2019.
GST rate for petrol, diesel cars and hybrid vehicles are already at the highest bracket of 28 per cent plus cess.
Goods taken abroad in this manner are required to be either sold or brought back within a period of 6 months from the date of removal.
Tax liability would be calculated for a person who owns two or more flats in the housing society or residential complex.
Two per cent tax will be charged if aggregate cash withdrawal from one or more accounts exceeds Rs 1 crore.
Investors are threatening to pull funds from India unless rules are amended so that they won’t take a tax hit.
Global and non-resident investors make investments in India via so-called association of persons (AOP) and non-corporate trusts.
India expects to rake in 24.6 trillion rupees (USD 358.97 billion) in gross tax revenue in 2019-20.
FM Sitharaman proposed to increase surcharge from 15 pc to 25 pc on taxable income between Rs 2 cr and Rs 5 cr.