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Budget 2018 Expectation From FM

By GovernanceToday
In Finance
January 17, 2018
  •       Income tax slabs for FY2018-19 may be changed by FM Arun Jaitley to give relief to common man
  •        Income tax exemption on medical reimbursement for retired employees.
  •        For income tax returns payment relief, common man eyes Section 80C hike by FM
  •        FM should introduce standard deduction in India again
  •        More Income Tax relief to people? Deduction under Sec 80C may be raised to Rs 2 lakh
  •        Tax-free up to Rs 20 lakh gratuity for employees
  •        Corporates expects at least 2% of their average net profit on CSR Activities
  •        Separate Tax Exemption for pension and life insurance product.
  •        Railway Budget; The budget is likely to approve the four remaining corridors that will complete the railways’ ambitious “golden quadrilateral”
  •        FM can boost private investments.
  •        Chances to impose 10% customs duty on import of hardwood chemical pulp and bleached chemo-thermomechanical pulp.
  •        Dividend distribution tax at receiver’s end not much useful, expected to remove.
  •        Food subsidy bill may swell by 10% due to rise in minimum support prices.
  •        Stainless steel industry asks the government to remove import duty on raw materials.
  •        Narendra Modi government should raise limit of advance tax
  •        Garment dealers hopeful of reduction in GST rate
  •        Give tax sop to home insurance, reduce GST rate on insurance products.
  •        Finance Ministry likely to tweak Minimum Alternate Tax norms to boost industry
  •        Duty-free imports, funds for job-intensive units, what exporters expected
  •        The government may abolish dividend distribution tax.
  •        Gold Import duty will be reduced.
  •        Real estate expects single window clearance to the industry status.
  •        Three Priorities, Agriculture, Job and Infrastructure
  •        Rationalise dividend distribution tax rate to 10%
  •        Realty sector eyes lower GST, infrastructure status
  •        First labour code on wages likely to be passed
  •        Gems, jewelry sector urges government to reduce gold duty to 4%
  •        Government likely to increase allocation for agri-research by up to 15%
  •        Cut on Corporate Tax rate lower levy of 25%
  •        Bitcoins should be taxable in India? FM Arun Jaitley must clarify norms on this cryptocurrency 31. Government opens FDI door wider

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