https://www.taxtmi.com/article/detailed?id=7253 Proposed budget tax measures include a changed capital gains base year with a revised holding period rule for immovable property; extension of the minimum alternate tax credit carryforward period; a reduced corporate tax rate for companies below a turnover threshold; amended presumptive taxation featuring a lower rate for non cash receipts and higher turnover and profit limits; tightened cash transaction and per day cash expenditure limits along with a cap on political donations; a surcharge on higher incomes; and large agricultural credit and support initiatives. en-us Thu, 02 Feb 2017 10:19:19 +0530 Thu, 02 Feb 2017 10:19:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7253 Proposed budget tax measures include a changed capital gains base year with a revised holding period rule for immovable property; extension of the minimum alternate tax credit carryforward period; a reduced corporate tax rate for companies below a turnover threshold; amended presumptive taxation featuring a lower rate for non cash receipts and higher turnover and profit limits; tightened cash transaction and per day cash expenditure limits along with a cap on political donations; a surcharge on higher incomes; and large agricultural credit and support initiatives. Articles Budget - Tax Proposals Thu, 02 Feb 2017 10:19:19 +0530 https://www.taxtmi.com/article/detailed?id=7253