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Budget - Quick review

Budget - By: - CS Swati Dodhi - Dated:- 2-2-2017 - *BUDGET 2017 AT GLANCE* 1) Base Year for Capital Gain shifted to 2001 from 1981. For Immovable Property LTCG will be treated if Holding period > 2 yrs 2) MAT credit can be carried forward to 15 yrs 3) Companies whose annual turnover is below 50 crore : Income tax @ 25% 4) Tax @ 6% u/s 44AD for Non Cash Transaction 5) Allowability of Cash expenditure per day is reduced to 10K from 20K 6) Maximum cash donation receivable by political party from .....

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