Budget’s thrust on stimulating growth, relief to Middle Class, Affordable Housing, Curbing Black Money, promoting Digital Economy, transparency of Political Funding and simplification of Tax Administration

Budget’s thrust on stimulating growth, relief to Middle Class, Affordable Housing, Curbing Black Money, promoting Digital Economy, transparency of Political Funding and simplification of Tax Administration https://www.taxtmi.com/news?id=17391 Budgetary measures reduce personal income tax rates for lower-income individuals while adjusting rebate provisions and levying a surcharge on higher-income individuals; extend MAT credit carryforward and reduce corporate tax for smaller companies; shorten holding period for immovable property and revise indexation for capital gains; cut customs duties on key inputs and grant concessions for renewable-energy and digital-payment devices; restrict large-cash transactions and cap deductible cash expenditures; and introduce electoral funding reforms including limits on cash donations and issuance of redeemable electoral bonds. en-us Wed, 01 Feb 2017 14:37:34 +0530 Wed, 01 Feb 2017 14:37:34 +0530 TaxTMI RSS Generator Budget’s thrust on stimulating growth, relief to Middle Class, Affordable Housing, Curbing Black Money, promoting Digital Economy, transparency of Political Funding and simplification of Tax Administration https://www.taxtmi.com/news?id=17391 Budgetary measures reduce personal income tax rates for lower-income individuals while adjusting rebate provisions and levying a surcharge on higher-income individuals; extend MAT credit carryforward and reduce corporate tax for smaller companies; shorten holding period for immovable property and revise indexation for capital gains; cut customs duties on key inputs and grant concessions for renewable-energy and digital-payment devices; restrict large-cash transactions and cap deductible cash expenditures; and introduce electoral funding reforms including limits on cash donations and issuance of redeemable electoral bonds. News - Wed, 01 Feb 2017 14:37:34 +0530 https://www.taxtmi.com/news?id=17391