12:26:49 PM: 1% CESS on petrol, 2.5% on diesel and 4% on SUVs for pollution tax # Budget2016 12:22:56 PM: 50,000 extra deduction for loans upto 35 lakh for houses 10 lakh !; Dividend Distribution Tax: In addition 2 DDT, Tax at 10% of gross amount of dividends in excess of 10L p.a. for certain sections; STT for options from 0.017% to 0.05%; Rate of STT for options increased from 0.017% to 0.05% Whoa! # Budget2016 12:20:49 PM: This is not a big budget. But the annexes may have the real details. # Budget2016 ; NPS withdrawal of 40% of corpus on retirement – tax free!; Tax benefit of employer contrib is limited to 1.5lakh pa? Not sure where this goes. 12:17:42 PM: LTCG for unlisted cos down from 3 to 2 years.; NBFCs 5% of their income as provision for Bad and Doubtful Debts; GAAR will come in FY18.; Refrigeration containers – excise and customs duty down to 5% from 6%.; Why are you tinkering with customs/excise rates Mr.… (Read On…)
[via Capital Mind]
Follow us @investmentheat – lists / @sectorheat