Proposal to introduce tax on distributed income by equity oriented mutual funds at 10%
Live updates and discussion on Budget
Page no : 8
Aruhi
(Finance Professional)
(6236 Points)
Replied 01 February 2018
Gains from equity share held up to 1 year will be taxed at 15%
CA Ruby Bansal
(Finance Professional)
(6814 Points)
Replied 01 February 2018
Proposal to tax long term capital gains exceeding Rs 1 lakh at 10% without indexation
Aruhi
(Finance Professional)
(6236 Points)
Replied 01 February 2018
- Short-term capital gains tax continues to be 15%: FM
- Propose next FY health, education cess at 4%: FM
Suhasini
(Finance Professional)
(12262 Points)
Replied 01 February 2018
Proposal to increase Education Cess by 1%
Aruhi
(Finance Professional)
(6236 Points)
Replied 01 February 2018
E-assessment to be rolled across the country to transform assessment procedure of IT dept
Shivani
(Finance Professional)
(6997 Points)
Replied 01 February 2018
In case of no deduction of tax for payments abouve Rs. 10000 to trust, 30% shall be taxed.
Incentives for sr citizens: Exemtion of interest income on bank deposits raised to Rs, 50000.
Proposal to amend income tax act to notify new scheme for assessment.
Central boards of Excise & Customs name changed to central board of indirect taxes & customs.
Aruhi
(Finance Professional)
(6236 Points)
Replied 01 February 2018
Jaitley reintroduces standard deduction of Rs 40,000 for salaried individuals #UnionBudget2018
Aarika
(Finance Professional)
(2260 Points)
Replied 01 February 2018
Corporate income tax rate cut to 25% for companies with turnover of upto Rs 250 crore
CA Ruby Bansal
(Finance Professional)
(6814 Points)
Replied 01 February 2018
I-T laws tweaked to incentivise more hiring
Kamal Sharma
(CA-Final)
(24 Points)
Replied 01 February 2018
Standard deduction of rs 40000/- for income tax payer statrted again.
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