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Monday, February 29, 2016

Highlights of Union Budget 2016


12:23 ‪#‎Tax‬ exempt 40% of withdrawal from NPS at retirement: 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 Propose complete passthrough of IT to trusts of ARCs: FM
12:19 New cos will not be allowed to seek any exemption: FM 
12:18 LTCG period for unlisted companied reduced to 2 years: FM
12:17 New mfg cos after March 1, 2016 to be taxed at 25% plus cess+surcharge: FM
12:16 Accelerated depreciation limited for R&D to 150% from FY18: FM
12:16 Accelerated depreciation limited to 40% from FY18: FM
12:15 Number of measures will be undertaken to deepen corporate bond market: FM
12:15 Raise personal I-T house rent exemption to 60,000 from 24,000/yr: FM
12:15 To enable non institutional investors to invest in ARCs: FM
12:14 Turnover limit of 2 cr for SMEs: FM
12:14 Department of Disinvestment to be renamed as Department of Investment and Public Asset Management: FM
12:14 Govt stands firmly behind public sector banks: FM
12:13 Will undertake massive nationwide of ATMs in the next 3 years: FM
12:13 To propose introduction of DBT in fertilizer on pilot basis: FM
12:12 Total resources allocated to states 99681 cr more than 2015-16 RE: FM
12:19 Propose to implement GAAR from April 1, 2017: FM
12:19 Propose complete passthrough of IT to trusts of ARCs: FM
12:19 New cos will not be allowed to seek any exemption: FM 
12:18 LTCG period for unlisted companied reduced to 2 years: FM
12:17 New mfg cos after March 1, 2016 to be taxed at 25% plus cess+surcharge: FM
12:16 Accelerated depreciation limited for R&D to 150% from FY18: FM
12:16 Accelerated depreciation limited to 40% from FY18: FM
12:15 Number of measures will be undertaken to deepen corporate bond market: FM
12:15 Raise personal I-T house rent exemption to 60,000 from 24,000/yr: FM
12:15 To enable non institutional investors to invest in ARCs: FM
12:14 Turnover limit of 2 cr for SMEs: FM
12:14 Department of Disinvestment to be renamed as Department of Investment and Public Asset Management: FM
12:14 Govt stands firmly behind public sector banks: FM
12:13 Will undertake massive nationwide of ATMs in the next 3 years: FM
12:13 To propose introduction of DBT in fertilizer on pilot basis: FM
12:12 Total resources allocated to states 99681 cr more than 2015-16 RE: FM

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