Union Budget 2017-18: Post-Budget Press Conference by Finance Minister Shri Arun Jaitley on 01.02.2017 Related Post on Budget 2017-18 Budget Speech 2017-18 -Download /Print Finance Bill 2016 Memorandum Explaining Provisions in Finance Bill 2016 Updates on Union Budget 2017-18
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 »
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 »
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 »
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 »
The Union Minister for Finance and Corporate Affairs, Shri Arun Jaitley presented the General Budget 2017-18 in Parliament today Total expenditure in Budget for 2017-18 has been placed at`21.47 lakh crores and this is expected to have multiplier effects and lead to higher growth. The total resources being transferred to the States and the Union… Read More »
Fiscal deficit for 2017-18 pegged at 3.2% of GDP and to achieve 3% in 2018-19 Total expenditure for 2017-18 has been placed at Rs. 21.47 Lakh Crore States and the Union Territories with legislatures allocated Rs. 4.11 Lakh Crore in 2017-18, as against Rs. 3.60 Lakh Crores in be 2016-17 Defence expenditure excluding pensions provided… Read More »
Agriculture to grow more than 4 percent as Government announces a slew of pro-farmer measures in General Budget 2017-18 Farm credit fixed at a record level of Rs 10 lakh crores; Irrigation fund hiked to Rs 40, 000 crores Finance Minister announced setting-up of a Dairy Processing and Infrastructure Development Fund with a corpus of… Read More »
Rural, Agriculture and Allied sectors to get about Rupees, One Lakh 87 thousand crore in the Budget 2017-18 , 24 % higher than the previous year Centre announces Mission Antyodaya to bring 1 crore households and 50 thousand Gram Panchayats out of poverty by 2019 MGNREGA gets the highest ever allocation of Rs 48,000 crore… Read More »
Finance Minister reduces the tax rate from 10 to 5 per cent for individual income between Rs 2.5 to Rs 5 lakh. Finance Minister appeals to all citizens to contribute to Nation Building by making a small payment of 5 per cent tax if their income is falling in this slab. A simple one- page… Read More »