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Finance Minister unveils string of measures towards Ease of Doing Business

Budget - Dated:- 1-2-2017 - Presumptive income scheme for audit of entities raised from ₹ 1 crore to ₹ 2 crore; Threshold for maintenance of books for individuals and HUF more than doubled Individual Insurance agents earning below taxable limit to be exempted from 5% TDS off commission after filing self-declaration While presenting the General Budget 2017-18 in Lok Sabha here today, the Union Finance Minister, Shri Arun Jaitley announced a slew of reliefs in the Government s continui .....

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said that the Foreign Portfolio Investor (FPI) Category I & II will be exempt from indirect transfer provision under the IT Act. Besides, indirect transfer provision shall not apply in case of redemption of shares or interests outside India as a result of or arising out of redemption or sale of investment in India which is chargeable to tax in India. This will remove apprehensions over taxation upon transfer of stake of investors of India-based funds located abroad but investing in India-bas .....

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