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TMI BlogUnion Budget 2016 Highlights - Economic issuesX X X X Extracts X X X X X X X X Extracts X X X X ..... Union Budget 2016 Highlights - Economic issues X X X X Extracts X X X X X X X X Extracts X X X X ..... s for MANREGA, highest ever. 7. ₹ 2.87 Lakh crores to be spent on Villages in total. 8. ₹ 9000 crores for Swach Bharat Mission. 9. ₹ 97000 Crores for Roads. 10. Total Outlay on Roads and railway ₹ 2.18 Lk Crores. 11. ₹ 2.21 Lakh Crores on Infra Projects. 12. NHAI to raise ₹ 15000 crores via NHAI Bonds. 13. More benches for SEBI Appellate tribunal. 14. Re ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... gistration of Company in One Day for Start-ups. 15. ₹ 25000 crores for Banks rehabilitation. 16. 100% FDI for food processing. 17. Non planned expenditure of ₹ 14.28 Lk Crores. 18. Planned expenditure increased by 15.3% . 19. Relief Section 87A ₹ 2000 to ₹ 5000 20. Relief Sec 80GG ₹ 24000 to ₹ 60000 21. Section 44AD limits ₹ 1 crores to ₹ 2 cr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ores. ₹ 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 rec ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ipient over ₹ 10 lakh per annum. 29. TCS on purchase of asset over ₹ 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 Appel ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... late tribunal.
35. No face to face scrutiny. X X X X Extracts X X X X X X X X Extracts X X X X
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