Personal
Positive
Negative
New home loan – first home – 50K
Krish Kalyan cess – 0.5%
LTCG – now 2 years
Increase in surcharge to 15% for income>1Cr
80GG – 60K
87A – 5K
Corporate
Positive
Negative
No PAN with NR – lower rate of TDS
Krish Kalyan cess – 0.5%
Rationalization of TDS Provisions
Online foreign investment – 6% WHT
Change in rule 8D of Section 14A
Additional DDT @ 10%for dividend > 10L
Reduce penalty rates under Income tax
BEPS – CBC
Poem – deferred by one year
Patent – 10% WHT
Tax holidays for start up
Tax @ 25% for turover < 5 Cr.
80JJA – now for all sector
Increase the limit u/s 44AB
Get 50K additional interest deduction if the value of first home less than 50L and loan amount less than 35L
Long term capital gain applicable from 2 year holding as compared to 3 year earlier
Rebate u/s 87A for income less than 5 L increased to 5K from 2K
Introduction of new Krish Kalyan cess @ 0.5% for all tax payer.
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