<h1>Union Budget 2017: Tax Cuts for Affordable Housing, Small Businesses; New Limits on Cash Donations to Political Parties.</h1> The Union Budget 2017 outlined several direct tax proposals aimed at promoting affordable housing, stimulating growth, enhancing the digital economy, and ensuring transparency in electoral funding. Key measures include tax exemptions for affordable housing, reduced corporate tax rates for small companies, and relaxed conditions for start-ups. Personal income tax rates were lowered for certain income brackets, and restrictions on cash transactions were tightened. The budget also introduced measures to promote digital payments and set limits on cash donations to political parties. Additionally, the budget aimed to simplify tax compliance and improve the ease of doing business.