The government also extended the benefit of tax exemption for developers by one more year up to 2020.
The following infographic takes a quick look at the process of the Union Budget:
Union Budget 2018-19 was a much anticipated event because the salaried class expected govt to give away tax sops
Budget has announcements for agriculture & rural sectors, but expectations of salaried class have not been met
The last full-fledged budget of the NDA government before 2019 elections was more inclined towards rural populace.
This budget will be the last full-fledged budget of the NDA government before the General Elections in 2019
As India looks forward to the presentation of Union Budget on 1st Feb 2018, expectations have started building up.
Deven Choksey, MD, KR Choksey opines return of LTCG in Budget 2018 would be a negative for Dalal Street
The Union Budget has made a string of announcements to boost the affordable housing space
There is an outside chance of long-term capital gains tax coming to equity
On the direct tax front, tax relief has come for small tax payers
It is imperative that we address the issue of healthcare access
The choice of instruments to deploy money in to maximise tax benefits is not necessarily the best