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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
