https://www.taxtmi.com/article/detailed?id=7254 Personal taxation reforms reduce the lower middle income slab rate and narrow the rebate while introducing a surcharge for very high incomes; procedural reliefs include a one page return for lower income assessees and limited scrutiny for first time filers with shortened assessment windows. Capital gains and business tax changes shorten the long term holding period for immovable property and advance the indexation base year; corporate reliefs include a lower rate for smaller companies, presumptive taxation based on non cash turnover, extended carry forward and tax credit periods, startup loss and exemption reliefs, and tightened cash transaction limits alongside targeted indirect tax duty adjustments. en-us Thu, 02 Feb 2017 10:19:21 +0530 Thu, 02 Feb 2017 10:19:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7254 Personal taxation reforms reduce the lower middle income slab rate and narrow the rebate while introducing a surcharge for very high incomes; procedural reliefs include a one page return for lower income assessees and limited scrutiny for first time filers with shortened assessment windows. Capital gains and business tax changes shorten the long term holding period for immovable property and advance the indexation base year; corporate reliefs include a lower rate for smaller companies, presumptive taxation based on non cash turnover, extended carry forward and tax credit periods, startup loss and exemption reliefs, and tightened cash transaction limits alongside targeted indirect tax duty adjustments. Articles Budget - Tax Proposals Thu, 02 Feb 2017 10:19:21 +0530 https://www.taxtmi.com/article/detailed?id=7254