Feedback   New User   Login      
Tax Management India. Com TMI - Tax Management India. Com
Home Acts / Rules Notifications Circulars Tariff/ ITC HSN Forms Case Laws Manuals Short Notes Articles News Highlights
Extracts
Home List
← Previous Next →

Finance Minister announces several measures for revenue mobilization in the General Budget 2017-18 along with a reduction in tax rates for small tax payers

Budget - Dated:- 1-2-2017 - In a major relief to small taxpayer and to bring more people in the tax net, the Union Finance Minister Shri Arun Jaitly announced a reduction in tax rates from 10 per cent to 5 per cent for individual income between ͅ .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

udget 2017-18 in Parliament today , the Union Finance Minister proposed the following measures: I. Extend the provisions of Section 115BBDA of the Income-tax Act which provides for levy of tax at the rate of 10 per cent on dividend income exceeding & .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ily (HUF) and firms. II. Widen the scope of Section 56 of the Income-tax Act to provide that any money, immovable property or specified movable property received without consideration or with inadequate consideration, by any person, subject to certai .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

arket value shall be the deemed value of consideration for the purpose of computation of capital gains. IV. Some restrictions have been put on the exemption from long term capital gains in case of transfer of listed shares acquired after 1st October, .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

of an amount exceeding ₹ 50,000 per month. VI. In order to align the transfer pricing provisions with the OECD transfer pricing guidelines and international best practices a new section will be inserted to provide that the assesse shall make s .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

Forum
what is new what is new
  ↓     bird's eye view     ↓  


|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version