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Budget 2017-18 may look to soften note ban woes by tax relief

News and Press Release - Dated:- 30-1-2017 - Finance Minister Arun Jaitley will on Wednesday present his fourth and perhaps the most challenging Budget that may look to soften blow of currency ban with tax and other sops as he seeks to revive growth. .....

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noises. Topping the list of sweeteners could be the hike in Income Tax exemption limit to ₹ 3 lakh from current ₹ 2.5 lakh as the Minister will look at putting more money in hands of people to not just create a feel good atmosphere but a .....

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rebate may also be on the cards. Besides tax break, there could even be a universal basic income in the Budget, industry officials and tax experts said. But cutting 30 per cent corporate tax rate to lift sagging investments may not be easy given tha .....

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tley may project any substantial jump in tax receipts in 2017-18. Also, the rising oil prices are a cause of worry for him, leaving him with very little fiscal room to manoeuvre social and infrastructure schemes. Incentives or schemes for farmers and .....

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nce Minister may also announce schemes for boosting domestic manufacturing and promoting start ups. Tax experts and economists said Jaitley may hike the service tax (currently at 15 per cent) to align with the GST regime. It will be keenly watched if .....

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hs qualify for long term capital gains benefits and are exempted from tax. Tax experts said ending tax breaks on equity gains may turn sentiments sour towards the capital market. There is a thought that the 1-year limit for long term could be changed .....

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