<h1>Union Budget 2016-17: Tax Reforms Benefit Small Taxpayers; Notable Changes in Sections 87A, 80GG, 44AD; New Dispute Resolution Scheme.</h1> The Union Budget 2016-17 introduces several tax reforms aimed at benefiting small taxpayers, including a Rs. 3,000 rebate under section 87A and increased rent payment deductions under section 80GG. The presumptive taxation scheme for professionals and increased turnover limits under section 44AD are notable changes. First-time home buyers benefit from an additional interest deduction on housing loans and service tax exemptions on affordable housing. However, proposed taxes on provident fund withdrawals and a cap on employer contributions may adversely affect employees. The budget also emphasizes reducing litigation through compliance windows, a new Dispute Resolution Scheme, and other measures to streamline tax processes. International taxation changes include a Tax Equalization Levy and deferred POEM provisions.