Analysis of India's Union Budget 2019.docx - 1 What is...

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1. What is union budget?
1.1 HISTORY OF UNION BUDGET After the nation’s freedom, R K Shanmukham Chetty was the main account pastor of India to exhibit Union Budget. The Budget was displayed on November 26, 1947, for the time up to March 31, 1948.In 1970, Indira Gandhi turned into the principal lady account clergyman of India to show a Budget in Parliament. Yashwant Sinha in 2001 broke the pilgrim routine with regards to declaring the Union Budget at 5 at night by introducing the Atal Bihari Vajpayee-drove NDA government’s Budget at 11 am. The previous leader of India, Morarji Desai, who exhibited 10 Union Budgets, holds the record of introducing the most number of Union Budgets ever of India. 1.1.1 Highlights of Union Budget [1] 1.PAN and Aadhaar will wind up compatible. You can utilize your Aadhaar number to document your I-T returns soon. 2.₹5 lakh least cutoff reported for citizens. In perspective on rising salary levels, those in the ₹2-5 crore and ₹5 crore-and-above sections will see an expansion in successful duty rate by 3% and 7%, separately.

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