Daily Archives: February 1, 2017

Finance Bill 2017 -Download /Print -Budget 2017-18

By | February 1, 2017

Finance Bill 2017 (Budget 2017-18) India Finance Bill 2017 presented on 01.02.2017 by Sh Arun Jaitley Related Book on Finance Bill 2017 (Budget 2017-18) India The Central Budget 2017 ( with Budget Highlights , tax tables ,speech , finance bill 2017 , notes on clauses and memorandum 2017 – 2018 ) by Arun Jaitley – ENGLISH… Read More »

Income Tax Slab Rates AY 2018-19 as per Budget 2017-18

By | February 1, 2017

Income Tax Slab Rates AY 2018-19 Income Tax Slab Rates AY 2018-19 (Financial Year 2017-18) for different category of Persons as per Finance Bill 2017 (Budget 2017-18) are as follow:- Income Tax Slab Rates AY 2018-19 in case of Individual(resident or non-resident) or HUF /AOP/BOI/AJP  In case of an Individual(resident or non-resident) or HUF or Association of Person… Read More »

Salient Features of Direct Tax Proposals in Union Budget 2017

By | February 1, 2017

Salient Features of Direct Tax Proposals in Union Budget 2017 The Union Budget 2017 was laid before the Parliament today by the Hon’ble Finance Minister of India. The salient features of Direct Tax proposals are summarised below: I. Affordable Housing:         Three concessions in the scheme of Income Tax exemption for affordable housing: (a)         … Read More »

Prime Minister praised FM for presenting FUTURE in budget 2017-18

By | February 1, 2017

English rendering of the Prime Minister’s Statement on Union Budget- 2017-18 I congratulate the Finance Minister Arun Jaitley Jee for presenting an excellent Budget. It will empower the poor and live up to the expectations of all. It will provide an impetus to infrastructure, strength to the financial system and a big boost to the… Read More »

Key Tax Proposals in Budget 2017-18 of India

By | February 1, 2017

Budget’s thrust on stimulating growth, relief to Middle Class, Affordable Housing, Curbing Black Money, promoting Digital Economy, transparency of Political Funding and simplification of Tax Administration Government committed to eliminate Black Money component from the economy  MSME companies to pay income tax @ 25%  Custom duty on LNG reduced from 5% to 2.5%  Small and… Read More »

Income tax for smaller companies reduced ,NPA provisions increased -Budget 2017-18

By | February 1, 2017

In order to make ,MSME companies more viable, income tax for smaller companies with annual turnover upto Rs. 50 Crore is reduced to 25% Government allows carry forward of minimum alternate tax (mat) upto a period of 15 years instead of 10 years To give boost to banking sector, allowable provision for non performing asset… Read More »