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Budget 2017 - untold story

Budget - By: - CS Swati Dodhi - Dated:- 2-2-2017 Last Replied Date:- 2-2-2017 - *13 Important Amendment in Income Tax in Budget, which FM did not cover in Budget Speech due to lack of time* 1) Deemed sale value for sale of unquoted shares introduced. To be taxed at fair value. Sec 50CA 2) In absence of PAN,the rate of TCS will be twice of the extent rate or 5%, whichever is higher. Sec.206CC. 3) New Section 269ST introduced whereby Rs three lakh in cash cannot be received on a single day or inre .....

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