Live updates on budget 2017

Page no : 7

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 Instead of build-up area, carpet area will be counted for affordable housing, says FM



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Govt proposes to make changes in capital gains tax for housing



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Not practical to remove MAT, says FM



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Profit linked-deductions for start-ups reduced to 3 years out of 7 years, says FM


Mita Basak (Professional) (1921 Points)
Replied 01 February 2017

Due to demonitisation advance tax on personal income tax increased by 34.8%




(Guest)

Propose to reduce tax for small companies with turnover of less than Rs 50 cr to 25%, says FM

 


Niyati (Student) (7730 Points)
Replied 01 February 2017

Propose to make changes in capital gains tax for housing, says FM

Propose carry-forward of MAT to 15 years from 10 years, says FM

 

 


Shanthi Sri (2 Points)
Replied 01 February 2017

Watch Union Budget 2017 Live Updates @  https://goo.gl/58nm8r  #unionBudget #unionbudget2017 #RailwayBudget2017 #budget #budget2017 



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No cash transcations above Rs 3 lakh, announces Arun Jaitley



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 Holding period for land & building will be reduced to 2 yrs from 3 yrs, says FM




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To cut presumptive turnover threshold for companies w/turnover up to Rs 2 cr to 6%, says FM


Mita Basak (Professional) (1921 Points)
Replied 01 February 2017

Not to remove Minimum Alternative Tax (MAT) in 2017-18; Propose to allow a carry forward of MAT for a period of 15 yrs as against 10 years now: FM


Ayush (Executive ) (6760 Points)
Replied 01 February 2017

No cash transaction above Rs 3 lakh without PAN



(Guest)

Reduce existing tax rate for income of Rs 2.5-5 lakhs to 5% from 10%, says FM




(Guest)

50% saving in income tax if 1 person is earning up to Rs 5 lakh, says FM

 



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