Proposal to benefit 99% companies filing tax returns
Live updates and discussion on Budget
Page no : 7
j kesava Rao
(Retired Executive Director(RINL))
(81 Points)
Replied 01 February 2018
All most all state governments are promising free power, free gas, and free housing to poor again Central Government promise the same. How duplication is going to be avoided. With this measure more poor families will grow. All sons sets up separate family units even though they live in one home.
Prajjwal Kaushik
(Finance Professional)
(6216 Points)
Replied 01 February 2018
Standard deduction for salaried taxpayers for transport and medical allowance up to Rs. 40000.
Suhasini
(Finance Professional)
(12262 Points)
Replied 01 February 2018
FM says, deduction for senior citizens increased to Rs 50,000 for medical insurance
Shivani
(Finance Professional)
(6997 Points)
Replied 01 February 2018
Rs 19,000 cr revenue loss on direct tax: FM
CA Ruby Bansal
(Finance Professional)
(6814 Points)
Replied 01 February 2018
Incentives for senior citizens: Exemption of interest income on bank deposits raised to Rs. 50,000
Suhasini
(Finance Professional)
(12262 Points)
Replied 01 February 2018
Deduction limit for medicare up to Rs 80,000 senior citizens, for every senior citizens upto rs 1 lakh
Aruhi
(Finance Professional)
(6236 Points)
Replied 01 February 2018
Proposal to exempt transfer of derivatives, certain securities by NRIs from capital gains tax
Prajjwal Kaushik
(Finance Professional)
(6216 Points)
Replied 01 February 2018
Current cess of 3% to be increased to 4% as Health and Education Cess.
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