Section 10(29) - Coir Board - exempt
Short term Capital gains tax increased from 10% to 15%
Securities Transaction Tax(STT) - remains unchanged
Commodities Transaction Tax to be introduced.
Banking Transaction Tax - to be withdrawn w.e.f 1.04.2009
Corporate Income tax - no changes
U/s 80D - additional Rs.15000 allowed as deduction - if medical insurance premium is paid for parent/(s).
New concept of Reverse Mortgage - by senior citizens - not taken as transfer.
Income received from reverse mortgage - not to be considered as income.
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