https://www.taxtmi.com/news?id=15778 Budget 2016 provides housing incentives for first time buyers and urban affordable housing projects (subject to MAT), corporate tax incentives for new manufacturing and smaller enterprises, extension of a presumptive tax scheme to higher earning professionals, limits on accelerated depreciation, and a commitment to implement GAAR. It sets fiscal targets within a medium term consolidation framework and advances financial sector reforms including bank recapitalisation, amendments to the RBI Act for a statutory monetary policy framework, a Financial Data Management Centre, and measures to deepen corporate bond markets. en-us Mon, 29 Feb 2016 13:12:36 +0530 Mon, 29 Feb 2016 13:12:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=15778 Budget 2016 provides housing incentives for first time buyers and urban affordable housing projects (subject to MAT), corporate tax incentives for new manufacturing and smaller enterprises, extension of a presumptive tax scheme to higher earning professionals, limits on accelerated depreciation, and a commitment to implement GAAR. It sets fiscal targets within a medium term consolidation framework and advances financial sector reforms including bank recapitalisation, amendments to the RBI Act for a statutory monetary policy framework, a Financial Data Management Centre, and measures to deepen corporate bond markets. News - Mon, 29 Feb 2016 13:12:36 +0530 https://www.taxtmi.com/news?id=15778