HIGHLIGHTS OF BUDGET 2019

HIGHLIGHTS OF BUDGET 2019

*Tax*
1. Within 2 years, Tax assessment will be done electronically
2. IT returns processing in just 24 hours
3. Minimum 14% revenue of GST to states by Central Govt.
4. Custom duty has abolished from 36 Capital Goods
5. Recommendations to GST council for reducing GST rates for home buyers
6. *Full Tax rebate upto 5 lakh annual income after all deductions.*
7. Standard deduction has increase from 40000 to 50000
8. Exempt on tax on second self-occupied house
9. Ceiling Limit of TDS u/s 194A has increased from 10000 to 40000
10. Ceiling Limit of TDS u/s 194I has increased from 180000 to 240000
11. Capital tax Benefit u/s 54 has increased from investment in one residential house to two residential houses.
12. Benefit u/s 80IB has increased to one more year i.e. 2020
13. Benefit has given to unsold inventory has increased to one year to two years.
*Other Areas*
14. State share has increased to 42%
15. PCA restriction has abolished from 3 major banks
16. 2 lakhs seats will increase for the reservation of 10%
17. 60000 crores for manrega
18. 1.7 Lakh crore to ensure food for all
19. 22nd AIIMS has to be opened in Haryana
20. Approval has to be given to PM Kisan Yojana
21. Rs. 6000 per annum has to be given to every farmer having upto 2 hectare land. Applicable from Sept 2018. Amount will be transferred in 3 installments
22. National kamdhenu ayog for cows. Rs. 750 crores for National Gokul Mission
23. 2% interest subvention for farmers pursuing animal husbandry and also create separate department for fisheries.
24. 2% interest subvention for farmers affected by natural calamities and additional 3% interest subvention for timely payment.
25. Tax free Gratuity limit increase to 20 Lakhs from 10 Lakhs
26. Bonus will be applicable for workers earning 21000 monthly
27. The scheme, called Pradhan Mantri Shram Yogi Mandhan, will provide assured monthly pension of Rs. 3,000 with contribution of Rs. 100 per month for workers in unorganized sector after 60 years of age.
28. Our government delivered 6 crores free LPG connections under Ujjawala scheme
29. 2% interest relief for MSME GST registered person
30. 26 weeks of Maternity Leaves to empower the women
31. More than 3 Lakhs crores for defence
32. One lakh digital villages in next 5 years
33. Single window for approval of India film makers

You have been punished for debating with that stupid donkey

The donkey said to the tiger, ‘The grass is blue.’ Tiger said, ‘No grass is green.’
Then the discussion between the two became intense. Both of them are firm in their own words. To end this controversy, both went to Lion – King of Jungle.

In the middle of the animal kingdom, sitting on the throne was a lion. The donkey started yelling before the tiger could say anything. “Your Highness, the grass is blue, isn’t it?” Lion said, ‘Yes! The grass is blue. ‘

Donkey, ‘This tiger does not believe. Annoys me He should be punished properly. ‘ The king declared, ‘Tiger will be jailed for a year. King’s verdict was heard by donkey and he was jumping in joy in entire jungle. The tiger was sentenced to one-year jail. ‘

The Tiger went to the Lion and asked, ‘Why Your Highness! Grass is green, isn’t it? ‘ Lion said, ‘Yes! Grass is green.’ Tiger said, ‘… then why am I sentenced to jail? ‘

Lion said, “you did not get punished for the grass being blue Or green. You have been punished for debating with that stupid donkey. Brave and intelligent creatures like you have argued with a donkey and have come here to get a decision”

Moral of the story…. 👇
In 2019 give your vote to the best candidate….just don’t debate with donkeys or you will be punished for the next 5 years. 😜

GoM favours cutting GST to 5 pc on residential properties, 3 pc on affordable housing

GoM favours cutting GST to 5 pc on residential properties, 3 pc on affordable housing

In its first meeting, the GoM also favoured slashing GST on affordable housing from 8 per cent to 3 per cent.

A panel of state ministers Friday favoured lowering GST on under-construction residential properties to 5 per cent, from 12 per cent currently.

The Group of Ministers, under Gujarat Deputy Chief Minister Nitin Patel, was set up last month to analyse tax rates and issues/challenges being faced by the real estate sector under the Goods and Services Tax (GST) regime.

In its first meeting, the GoM also favoured slashing GST on affordable housing from 8 per cent to 3 per cent.

Officials said the report of the GoM would be finalised within a week & would be placed before the GST Council in its next meeting.

“The GoM favoured lowering GST rates on residential houses to 5 per cent without input tax credit and to 3 per cent for those under affordable housing,” an official said.

Currently, GST is levied at 12 per cent with Input tax credit (ITC) on payments made for under-construction property or ready-to-move-in flats where completion certificate has not been issued at the time of sale.

The effective pre-GST tax incidence on such housing property was 15-18 per cent.

GoM favours cutting GST to 5 pc on residential properties, 3 pc on affordable housing

In its first meeting, the GoM also favoured slashing GST on affordable housing from 8 per cent to 3 per cent.

Big push for affordable housing, zero GST on cards

A panel of state ministers Friday favoured lowering GST on under-construction residential properties to 5 per cent, from 12 per cent currently.

The Group of Ministers, under Gujarat Deputy Chief Minister Nitin Patel, was set up last month to analyse tax rates and issues/challenges being faced by the real estate sector under the Goods and Services Tax (GST) regime.

In its first meeting, the GoM also favoured slashing GST on affordable housing from 8 per cent to 3 per cent.

Officials said the report of the GoM would be finalised within a week & would be placed before the GST Council in its next meeting.

“The GoM favoured lowering GST rates on residential houses to 5 per cent without input tax credit and to 3 per cent for those under affordable housing,” an official said.

Currently, GST is levied at 12 per cent with Input tax credit (ITC) on payments made for under-construction property or ready-to-move-in flats where completion certificate has not been issued at the time of sale.

The effective pre-GST tax incidence on such housing property was 15-18 per cent.

GST, however, is not levied on buyers of real estate properties for which completion certificate has been issued at the time of sale.

There have been complaints that builders are not passing on the ITC benefit to consumers by way of reduction in price of the property after the rollout of GST.

The GST Council, headed by Union Finance Minister and comprising his state counterparts, had on January 10 decided to set up a GoM to look into ways to boost housing sector under GST.

The other ministers in the 7-member GoM are finance ministers of Maharashtra Sudhir Mungantiwar , Karnataka Krishna Byre Gowda, Kerala Thomas Isaac, Punjab Manpreet Singh Badal, Uttar Pradesh Rajesh Agarwal and Goa Panchayat Minister Mauvin Godinho.

Apart from Patel and Gondinho, Friday’s GoM meeting was attended by Mungantiwar and Badal through video conferencing. Also other state ministers, who are part of the panel, too would be giving their views in a couple of days.

Officelounges.com – An Indian Portal for Office Reantal listing and searching with emphasis on Virtual Offices and Co-Working and Shared Working spaces

Officelounges.com – An Indian Portal for Office Reantal listing and searching with emphasis on Virtual Offices and Co-Working and Shared Working spaces.

We invite offers from Direct owners to list and promote their Offices for renting in India in any of the following catagaries. Please email the office details to us along with a few attractive pictures of the office.

Our mail I’d  officelounges.com@gmail.com or WhatsApp on 98200-88394

We have the following categories in the portal. 1) Virtual Offices , 2) Table Space , 2) Cabins 4) Small Offices,  5) Suits , 6) Meeting Rooms,  6 ) Conference Halls 7) Training Rooms etc.

We provide both online and offline services related to properties in many Indian cities.

Team – Officelounges.com / Hunting4house.com

What Is Stress?

What Is Stress?

We generally use the word “stress” when we feel that everything seems to have become too much – we are overloaded and wonder whether we really can cope with the pressures placed upon us. Anything that poses a challenge or a threat to our well-being is a stress. Some stresses get you going and they are good for you – without any stress at all many say our lives would be boring and would probably feel pointless. However, when the stresses undermine both our mental and physical health they are bad. In this text we shall be focusing on stress that is bad for you. The difference between “stress” and “a stressor” – a stressor is an agent or stimulus that causes stress. Stress is the feeling we have when under pressure, while stressors are the things we respond to in our environment. Examples of stressors are noises, unpleasant people, a speeding car, or even going out on a first date. Generally (but not always), the more stressors we experience, the more stressed we feel.

When stress is within your comfort zone, it can help you to stay focused, energetic, and alert. In emergency situations, stress can save your life—giving you extra strength to defend yourself, for example, or spurring you to slam on the brakes to avoid an accident. Stress can also help you rise to meet challenges. Stress is what keeps you on your toes during a presentation at work, sharpens your concentration when you’re attempting the game-winning free throw, or drives you to study for an exam when you’d rather be watching TV. But beyond your comfort zone, stress stops being helpful and can start causing major damage to your mind and body.

There are numerous emotional and physical disorders that have been linked to stress including depression, anxiety, heart attacks, stroke, hypertension, immune system disturbances that increase susceptibility to infections, a host of viral linked disorders ranging from the common cold and herpes to AIDS and certain cancers, as well as autoimmune diseases like rheumatoid arthritis and multiple sclerosis. In addition stress can have direct effects on the skin (rashes, hives, atopic dermatitis, the gastrointestinal system ( peptic ulcer, irritable bowel syndrome, ulcerative colitis) and can contribute to insomnia and degenerative neurological disorders like Parkinson’s disease. In fact, it’s hard to think of any disease in which stress cannot play an aggravating role or any part of the body that is not affected (see stress effects on the body stress diagram) or. This list will undoubtedly grow as the extensive ramifications of stress are increasingly being appreciated.

Stress is a normal psychological and physical reaction to the ever-increasing demands of life. Surveys show that many Americans experience challenges with stress at some point during the year.

In looking at the causes of stress, remember that your brain comes hard-wired with an alarm system for your protection. When your brain perceives a threat, it signals your body to release a burst of hormones to fuel your capacity for a response. This has been labeled the “fight-or-flight” response.

Once the threat is gone, your body is meant to return to a normal relaxed state. Unfortunately, the nonstop stress of modern life means that your alarm system rarely shuts off.

That’s why stress management is so important. Stress management gives you a range of tools to reset your alarm system.

Without stress management, all too often your body is always on high alert. Over time, high levels of stress lead to serious health problems. Don’t wait until stress has a negative impact on your health, relationships or quality of life. Start practicing a range of stress management techniques today.
Anagha – Life Coach.

Why We Fail in Life…??

*Why We Fail in Life…??😢*

👉 Lack of Self-Discipline
👉 Lack of Persistence
👉 Unwillingness to Swim against the Current
👉 Lack of Planning
👉 Fear of Failure
👉 Wanting too much Quickly
👉 Lack of belief in Yourself
👉 Lack of Humility
👉 Excuses
👉 Unwilling to Network
👉 Inclination to Give up
👉 Being Resistant to Advise
👉 Refusal to Learn from Past Mistakes
👉 Inability to Overcome Distraction
👉 Procrastination
👉 Failure to Take Responsibility