Live updates on budget 2017

 Instead of build-up area, carpet area will be counted for affordable housing, says FM

Govt proposes to make changes in capital gains tax for housing

Not practical to remove MAT, says FM

Profit linked-deductions for start-ups reduced to 3 years out of 7 years, says FM

Due to demonitisation advance tax on personal income tax increased by 34.8%

Propose to reduce tax for small companies with turnover of less than Rs 50 cr to 25%, says FM

Propose to make changes in capital gains tax for housing, says FM

Propose carry-forward of MAT to 15 years from 10 years, says FM

Watch Union Budget 2017 Live Updates @  https://goo.gl/58nm8r  #unionBudget #unionbudget2017 #RailwayBudget2017 #budget #budget2017 

No cash transcations above Rs 3 lakh, announces Arun Jaitley

 Holding period for land & building will be reduced to 2 yrs from 3 yrs, says FM

To cut presumptive turnover threshold for companies w/turnover up to Rs 2 cr to 6%, says FM

Not to remove Minimum Alternative Tax (MAT) in 2017-18; Propose to allow a carry forward of MAT for a period of 15 yrs as against 10 years now: FM

No cash transaction above Rs 3 lakh without PAN

Reduce existing tax rate for income of Rs 2.5-5 lakhs to 5% from 10%, says FM

50% saving in income tax if 1 person is earning up to Rs 5 lakh, says FM