Thursday, June 20, 2019
Arun Jaitley

Highlights of Tax Proposal in Budget 2017

Today, Hon'ble Finance Minister Shri Arun Jaitley presents the Budget 2017. The highlights of tax proposal are

Cut your tax bill through deductions

Check this short list which will cut your tax bill and will also give peace of mind to you
Tax on Buy Back

Tax on Buy Back of Shares by Unlisted Company: Sec 115QA

Unlisted Companies are resorting to buy back of shares instead of payment of dividends in order to avoid payment of tax by way of DDT particularly where the capital gains to the shareholders are taxable at a lower rate
Equalisation Levy

Equalisation Levy

With the expansion of information and communication technology, the supply and procurement of digital goods and services have undergone exponential expansion everywhere, including India. The digital economy is growing at 10% per year, significantly faster than the global economy as a whole. Considering the potential of new digital economy and the rapidly evolving nature of business operations it is found essential to address the challenges in terms of taxation of digital transactions.