Proposal to exempt transfer of derivatives, certain securities by NRIs from capital gains tax
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Propose to amend income tax act for electronic assessments: FM: #UnionBudget2018
Current cess of 3% to be increased to 4% as Health and Education Cess.
Proposal to introduce tax on distributed income by equity oriented mutual funds at 10%
Gains from equity share held up to 1 year will be taxed at 15%
Increase in customs duty on mobile phones to 20% from 15%: FM: #UnionBudget2018
Proposal to tax long term capital gains exceeding Rs 1 lakh at 10% without indexation
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