Union Budget 2018
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- 99% MSMEs to gain by Tax Incentives provided in General Budget 2018-19
- A record one Lakh Crore Rupees expected to be generated through disinvestment during the period 2017-18.
- Government to move ahead with reforms for building institutions and improving public service delivery.
- “Education will be treated holistically from pre-nursery to class XII”, says Finance Minister
- Ayushman Bharat for a new India -2022, announced.
- Relief to Senior Citizens: Exemption of Interest Income on deposits increased to Rs 50,000
- Relief to salaried taxpayers: standard deduction of Rs 40,000 allowed in lieu of present exemptions
- Allocation for SCs And STs increased
- More than 1.26 Crore accounts opened across the country under Sukanya Samriddhi Account scheme
- Total expenditure for the fiscal year 2018-19 is estimated to be over Rs 24.42 lakh crore
- 372 specific business reform actions being implemented through states
- Budgetary support to Defence sector to remain government’s priority
- SEBI to consider mandating corporates to meet one-fourth financing from bond market
- Rationalisation of long-term capital gains proposed
- Amendments in the income-tax act proposed to notify a new scheme for assessment in electronic mode.
- To Incentivise Domestic Value Addition And Make In India, Customs Duty Increased On Mobile Phones And Tv Parts
- Changes Proposed To The Customs Act To Improve Ease Of Doing Business By Smoothening Dispute Resolution Process And Reducing Litigation
- Central board of excise and customs [CBEC] to be renamed central board of indirect taxes and customs (CBIC).
- Stricter controls over small cash flow by companies;
- Social Welfare Surcharge, On Imported Goods, To Provide For Social Welfare Schemes Of The Government
- Benefits Under Section 80-Jjaa Of The Income-Tax Act Extended To Footwear And Leather Industry To Help Employment Generation
- Incentive For Real Estate: No Adjustment To Be Made If The Circle Rate Value Does Not Exceed 5% Of The Consideration
- Tax incentives for International Financial Services Center
Download full Union budget 2018