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Union Budget 2017-18:
Brief Analysis

                 Personal Finance                                                           Social Sector including Health Care

                Existing tax rate for the tax slab of Rs.2.5 - Rs.5 lakh is reduced  Total allocation for social sector including education & health
                to 5% from 10%                                                       care pegged at Rs.3.25 lakh crore
                Surcharge of 10% has been introduced for individuals whose           Proposal to complete construction of 1 crore houses for the
10% taxable income falls between Rs.50 lakhs and Rs.1 crore                          houseless by 2019
                Simple one-page form to be led as ITR for individuals having         To bring 1 crore households out of poverty by 2019
                taxable income up to Rs.5 lakhs other than business income           Aadhaar-based Smart Cards for senior citizens will be introduced,
                Cash Donations which can be received by a charitable trust           which will contain their health details
                restricted to Rs.2,000 from earlier limit of Rs.10,000
                                                                                            Infrastructure & Investment
                 Tax Reforms
                                                                                     Total allocation for infrastructure development in FY18 pegged
               Income tax for smaller companies with annual turnover up              at Rs.3.96 lakh crore
               to Rs.50 crore is reduced to 25%                                      Railway lines of 3,500 kms to be commissioned in 2017-18
               Holding period for computing long term capital gains from
               transfer of immovable property reduced from 3 years to 2 years        A ordable housing to be given infrastructure status
               MAT credit is allowed to be carried forward up to a period of         Second Phase of Solar Park development to be taken up for
               15 years instead of 10 years                                          additional capacity of 20,000 MW

             Agriculture & Farmers Welfare                                               Financial Markets

                Total allocation for the Rural, Agriculture & Allied sector pegged    Foreign Investment Promotion Board (FIPB) to be abolished
                at Rs.1.87 lakh crore                                                 in FY18
                Aims to achieve 100% village electri cation by 1st May, 2018          The shares of Railway PSEs like IRCTC, IRFC and IRCON will be
                                                                                      listed on stock exchanges
10 LK  Target for agriculture credit for FY18 xed at Rs.10 lakh crore                 Further liberalisation of FDI policy under consideration
                                                                                      A committee will be constituted to create legal framework to
                                                                                      integrate spot market and derivatives market in the agricultural
                                                                                      sector for commodities trading

                                                                                                        4 ARIHANT CAPITAL ยก FEBRUARY 2017
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