Ineligible Input Tax Credit (ITC) and Reverse Charge Mechanism (RCM) - Practical Understanding & Compliance
Some thing was expected on Pertoleum. Electricity etc inclusion under GST, but has not happened in Budget 2018
Long term capital gain tax 10% coming.
No TDS for senior citizens on FDs and post office deposits upto Rs 50,000.
Long Term Capital Gain - above Rs 1 lac in a year on listed equity shares will be taxed at 10% .
This year's Budget focuses on agriculture, infrastructure and healthcare.
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