Showing posts from February, 2018

Union Budget 2018-2019 : Impact and Analysis

Annual budget proposals have been tabled yesterday by Mr. Arun Jaitely (Finance Minister) in Parliament. There were many proposals to boost rural economy, employment situation and controlling inflation. There were proposals towards making India as manufacturing hub also. Make in India is flagship programme of our government and budget has given focus on this. Apart from this government has also focused on social sector reforms by introducing health care scheme for 40% of population of India. Corporate tax has been reduced to 25% from 30% for SME and MSME whose turnover is less than 250 Cr in a year.
Union Budget Proposals

Indian stamp act to be modified in consultation with states.Bank Bill discounting to be linked with GSTN.New gold policy to be announced.Fiscal Deficit at 3.5% of GDP for 17-18 and 3.3% of GDP for 18-19.Presumptive income tax compliance for business and profession not satisfactory.80JJAA days limit reduced for Textile and footwear industry to 150 days.No adjustment u/s…