Highlights Of Union Budget 2016

  • 12:43 ¬†Finance Minister Arun Jaitley’s budget speech ends. House adjourned till tomorrow.
  • 12:41 High-level Committee Chaired By Rev Secy To Allay Fears Of Retro Tax: FM
  • 12:41 Corp tax to be cut to 29% from FY18 for cos with turnover less than ‘5 cr: FM
  • 12:40 Propose to rationalise norms for tax deducted at source: FM
  • 12:40 Dividend Tax rate of 10% for individuals/HUF if dividend in excess of 10 lk/annum: FM
  • 12:38 Propose to abolish 14 different cesses levied by ministers: FM
  • 12:36 Skill development reforms to boost MII: FM
  • 12:35 To lower penalty to 50% of tax in case of under-reporting of income: FM
  • 12:33 Propose 1-time Scheme w.r.t Dispute Resolution Provided Case Withdrawn: FM
  • 12:32 STT increase in options: FM
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