Live updates and discussion on Budget


Finance Professional

Proposal to exempt transfer of derivatives, certain securities by NRIs from capital gains tax

 
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service

Propose to amend income tax act for electronic assessments: FM: #UnionBudget2018

 
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Deduction for senior citizens with critical illness raised to Rs 1 lakh: FM
 
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Finance Professional

Current cess of 3% to be increased to 4% as Health and Education Cess.

 
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Capital gains made on shares until Jan 31, 2018 grandfathered: FM
 
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Finance Professional

Proposal to introduce tax on distributed income by equity oriented mutual funds at 10%

 
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Finance Professional

Gains from equity share held up to 1 year will be taxed at 15%

 
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service

Increase in customs duty on mobile phones to 20% from 15%: FM: #UnionBudget2018

 
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Finance Professional

Proposal to tax long term capital gains exceeding Rs 1 lakh at 10% without indexation

 
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Finance Professional

  • Short-term capital gains tax continues to be 15%: FM   
  •  Propose next FY health, education cess at 4%: FM
 
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