Budget 2018 highlights: No tax relief, LTCG dash middle-class, market hopes 

Budget 2018
White collar class trusts from a "survey bound" Budget 2018 were dashed with no adjustment in the individual wage assess structure. Fund Minister Arun Jaitley reported standard reasoning of Rs 40,000 for salaried workers in lieu of transport and therapeutic costs.
Jaitley conveyed his Budget 2018 discourse on Thursday, with the administration concentrating on the rural division and ranchers' wage.
Flagging that financial reasonability has gone off track, Jaitley proposed a monetary shortfall focus of 3.3 for each penny of GDP for 2018-19. The objective he had set for 2018-19 a year ago was 3 for every penny.
Financial plan 2018 has proposed to exact long haul capital increases charge (LTCG) of 10% on increases surpassing Rs 100,000 from offer of value shares. Be that as it may, capital increases made on shares until January 31, 2018, would be grandfathered, the back pastor said. Additionally, there has been no adjustment in the meaning of here and now capital increases charge (STCG).
Additionally READ: Budget 2018 LIVE: Income impose chunks unaltered, working class trusts dashed
Here are the principle features:
1) With demonetisation, the quantum of trade money out dissemination has diminished and the duty base has expanded. It has enhanced the digitalisation of our nation, says Arun Jaitley. He additionally included that outside direct venture has gone up, while the GDP at 6.3% is a flag of a turnaround in the economy.

Click Here To know More – Budget 2018

Comments

Post a Comment

Popular posts from this blog

Raj Thackeray calls for 'Modi-mukt Bharat' 

Image
Maharashtra Navnirman Sena (MNS) chief Raj Thackeray on Sunday called for a 'Modi-mukt Bharat. Addressing a rally on the occasion of Gudi Padwa in Mumbai's Shivaji Park, Thackeray said, 'Today, we have to gear up for the third independence. All the political parties must unite to make Modi-mukt Bharat a reality. In an hour-long speech, the MNS chief also warned about attempts by certain elements to spark nation-wide riots in future. Voices of a "united opposition" gained even more momentum after the Bharatiya Janata Party's (BJP) lost two crucial seats in the Uttar Pradesh by-polls. According to the experts, joining forces is the only way to dethrone the Modi-led government in 2019 Lok Sabha elections. Click Here To know More – Raj Thackeray
Read more

Govt mulls allowing airlines with negative net worth to bid for Air India

Image
The government is likely to relax the eligibility criteria for Air India disinvestment by allowing airlines with negative net worth to bid. However, non-airline companies may be told to satisfy minimum net worth conditions to prove their financial strength. The evaluation committee of Air India, after discussions with the Ministry of Civil Aviation, had suggested that all bidders be mandated to fulfil a minimum net worth criterion, a source said. However, when the Core Group of Secretaries on Disinvestment (CGD) met over the last two weeks to finalise the bidding norms, some members pointed out that setting high net worth as an eligibility condition would block the prospects of many airline companies. In fact, the difference in opinion between the two government bodies has led to a delay in the announcement of the expression of interest. The core group has now suggested that a company with a proven track record of running a successful airline be allowed to b...
Read more

Putin wins 75 per cent of vote: partial results 

Image
Vladimir Putin has been re-elected as Russian president with 75 per cent of the vote after half the votes were counted, partial results showed today. Putin's nearest competitor, Communist Party candidate Pavel Grudinin, was on 13.2 per cent, according to data from the central election commission. (This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.) Clik Here To know More –Russia
Read more