CSR violations to be treated the civil matter in place of criminal matter
Issue of IT orders, the summons shall be issued by a central computerised system on or after October. There will be no anomaly on paper and actual as assessee will be able to see it online.
Unless the notice has a DIN it is not to be taken seriously. All old notices will be cleared upto October 2019. Only the uploaded document will be a notice. No officer will directly issue a notice after October. All notices shall be cleared within three months.
Relief from an enhanced surcharge on long or short term capital gains arising on transfer of equity & securities. Pre budget.
Angel tax: to mitigate the difficulty of start-up and investors section 56(2)(b) shall not be applicable to registered (with DPIIT) startups.
A dedicated cell under a member of CBDT for addressing the problems of start-up.
Bank, NBFC’s and MSME’s: 70,000 Crores and additional lending liquidity for PSP’s.
Banks to pass on every MCLR rate cut to the borrowers instantly.
Banks to launch REPO rate linked debt products.
Working capital loans to become cheaper.
Online tracking of loan application for all sectors.
Credit support for the purchase of houses and vehicles.
AADHAR based KYC by the bank and no more documentation by NBFC’s
GST refunds to be time-bound. All pending GST refunds shall be paid within 30 days.
For the future refunds of GST, will be sorted out within 60 days or arising out.
Bill can be discounted from the bank where GST is paid.
