14 May 2017
Changes for AY 2018-2019 are many but a few that affects almost everyone:- 1) Penalty for late filing of returns 2) LTCG Exemption withdrawn on sale of shares that were purchased without paying STT since the time STT was introduced. 3) Indexation on sale of immovable property (land / building) is now taken with the base year of 2001 instead of earlier 1981. 4) Holding period of land / building for LTCG is now 2 years instead of 3. 5) Aadhar is compulsory for filing Returns from July 1, 2017 onwards. 6) The first tax slab rate reduced to 5% from previous 10% on income above 2.5L but below 5L. Consequentional rebate reduced to Rs.2,500 instead of Rs.5,000. Rebate will be allowed only to those assessees having income upto 3.5 L.
Eventually it depends whose point of view you are looking at. I am leaving status open so others may add more.
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