29Feb

Highlights Of Union Budget 2016

  • 12:32 Tax of 10% in the hands of dividend recipients above 10 lk: FM
  • 12:31 Propose New Dispute Resolution Scheme: FM
  • 12:31 Offering limited period compliance window for undisclosed income: FM
  • 12:30 To raise excise duty on most tobacco products by 10-15%: FM
  • 12:29 Clean energy cess for coal Rs 400/ tonne: FM
  • 12:29 To levy 1% infra cess on small gasoline cars: FM
  • 12:27 Increase limit for rent paid: FM
  • 12:27 Deduction amount under 80GG increased from 24,000 pa to 60,000 pa: FM
  • 12:26 Deduction to rent payers under 80 GG increased from Rs 24k cr to 60k cr: FM
  • 12:25 Lower corporate tax rates from co with Rev under Rs 5cr to 29% + surcharge + cess: FM
  • 12:25 First home buyers an additional deduction of interest of 50,000 provided value of house does not exceed Rs 50 lakh: FM
  • 12:23 Propose 100% deduction to undertakings for construction of affordable housing: FM
  • 12:23 DDT exempted from REITs: FM
  • 12:21 Propose to make some changes in customs, excise duty rates: FM
  • 12:19 Propose to implement GAAR from April 1, 2017: FM
  • 12:19 New cos will not be allowed to seek any exemption: FM
Share this Story

About admin

© 2008-14. All Rights Reserved. Epic Research Pvt. Ltd.