Budget 2018 Expectation From FM
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