Just a moment...

⚠✕
❮ Top
☎ Help
AI OCR ✕

Convert scanned orders, printed notices, PDFs and images into clean, searchable, editable text within seconds. Starting at 2 Credits/page

Try Now →
☰
×

By creating an account you can:

Logo TaxTMI
>
Keyword Search :
AI Tools : New
Ask tax questions in natural language. Powered by AI trained on the TaxTMI legal database. Use AI Tools ➞
Call Us / Help / Feedback✕

Contact Us At :

✉ E-mail: [email protected]

✆ Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
TMI Blog
Home / RSS
PrevPreviousNextNext

Union Budget 2016 Highlights - Economic issues

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....nion Budget 2016 Highlights - Economic issues <br>Budget<br>Dated:- 29-2-2016<br><BR>Union Budget 2016 Highlights. 1. &#8377; 35984 crores allotted for agriculture sector. 2. &#8377; 17000 crores for irrigation projects. 3. Two new Organic farming scheme for 5 lakh acres. 4. &#8377; 19000 crores for Gram Sadak Yojana 5. &#8377; 9 Lakh Crores Agriculture Credit Target. 6. &#8377; 38500 crores....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... for MANREGA, highest ever. 7. &#8377; 2.87 Lakh crores to be spent on Villages in total. 8. &#8377; 9000 crores for Swach Bharat Mission. 9. &#8377; 97000 Crores for Roads. 10. Total Outlay on Roads and railway &#8377; 2.18 Lk Crores. 11. &#8377; 2.21 Lakh Crores on Infra Projects. 12. NHAI to raise &#8377; 15000 crores via NHAI Bonds. 13. More benches for SEBI Appellate tribunal. 14. Reg....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....istration of Company in One Day for Start-ups. 15. &#8377; 25000 crores for Banks rehabilitation. 16. 100% FDI for food processing. 17. Non planned expenditure of &#8377; 14.28 Lk Crores. 18. Planned expenditure increased by 15.3% . 19. Relief Section 87A &#8377; 2000 to &#8377; 5000 20. Relief Sec 80GG &#8377; 24000 to &#8377; 60000 21. Section 44AD limits &#8377; 1 crores to &#8377; 2 cro....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....res. &#8377; 50 Lakh for professional 22. Accelerated depreciation limited to 40% 23. New manufacturing companies will pay tax @ 25%. 24. LTCG on unlisted securities limited to 2 years. 25. 100% tax deduction for companies building houses upto 30 sq. mtrs. 26. Additional interest deduction for first house. 27. No service tax for building houses upto 60 sq mtrs. 28. 10% dividend tax for reci....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....pient over &#8377; 10 lakh per annum. 29. TCS on purchase of asset over &#8377; 2 Lakh in case and luxury cars. 30. VDS Scheme @ 30% + surcharge, Ist June to 30th September 2016. 31. Dispute resolution for appeal pending before Commissioner(Appeals). 32. Penalty for concealment of Income from 100-300% to 50-200%. 33. Rationalisation of TDS provisions. 34. 11 new benches for Income Tax Appell....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ate tribunal. 35. No face to face scrutiny.<BR> News - Press release - PIB....

PrevPreviousNextNext