Live updates and discussion on Budget

85.51 lakh new taxpayers have filed returns for FY17: FM 

Growth of 12.6% in direct taxes LAST YEAR 18.7% upto 15th jan 2018

100% deduction to Farmer Producer Companies. Boost to Sampada Yojana.

Budget Speech: Demonetisation was received by honest tax-payers as "Imaandari ka Utsav"

41% more returns filed liberalisation of presumptive income scheme for traders, professionals..

Corporate tax for companies up to Rs 250 cr revenue cut to 25%: FM: #UnionBudget2018

No adjustment for capital gains if circle rate value doesn't exceed 5% of consideration 

Budget Speech: Proposal to extend reduction of corporate tax to 25% to firms with turnover of Rs 250 crore

Corporate tax rate reduced to 25% for SMEs having turnover upto 250crores

Standard deduction of Rs 40,000 for salaried taxpayers: FM: #UnionBudget2018

Current Income Tax rate for Individuals to stay same.

Tax relief for salaried taxpayers for transport and medical allowance.