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Budget 2018 - ONE TO ALL

Income Tax - By: - CS Swati Dodhi - Dated:- 1-2-2018 - Direct Taxes:- No changes in the structure of income tax slabs of individuals 100% tax deduction for the first five years to companies registered as farmer producer companies with a turnover of ₹ 100 crore and above. Proposal to increase the health and education cess to 4% Proposal to tax long-term capital gains exceeding ₹ 1 lakh in listed stock at 10%. Additional benefit of ₹ 50,000 to senior citizens for investment in me .....

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ed for sanctioning the loan will be linked with GSTN and all required information can be fetched from GSTN Portal helping to grant the loans and reducing processing time. Recapitalisation to enable PSU banks to lend ₹ 5 lakh crore. The government has identified 372 basic business reform actions. Each state will take up these reforms. Explore the use of blockchain. Eliminate use of cryptocurrencies which are being used to fund illegitimate transactions need to be initiated. 5 lakh WiFi hots .....

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of President, Vice President and Governor being revised: ₹ 5 lakh; 4 lakh; ₹ 3.5 lakh per month respectively. - The government insurance companies to be merged into a single entity, and subsequently listed in the stock exchange, as part of the disinvestment - Redevelopment of 600 major railway stations; Expansion of Mumbai transport system; suburban network of 160 km planned for Bengaluru. - UDAN will connect 56 unserved airports in India. - An institute proposed at Vadodara to train .....

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re for ST announced. - 24 new government medical colleges and hospitals to be set up by upgrading existing district hospitals. - ₹ 600 crore for nutritional support to TB - One medical college per every three constituency. - Launching a flagship National Health Protection Scheme to cover 10 crore poor and vulnerable families, benefiting approximately 50 crore. Providing ₹ 5 lakh per family per year for medical reimbursement, under National Health Protection Scheme. - ₹ 1200 cro .....

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