The Institute of Chartered Accountants of India (ICAI) has released E-Flash on amendment proposed by Finance Bill 2017 i.e. Union Budget 2017-18. It Contains Ive Sections below-

1. ICAI Press Release—Union Budget 2017

2. Direct Tax Proposals—Highlights

3. International Tax Proposals—Highlights

4. Indirect Tax Proposals—Highlights

5. State Of The Economy—Major Highlights

ICAI Press Release— Union Budget 2017

Elimination of Black Money

The Finance Minister Mr. Arun Jaitley in his Budget Speech underlined that one of the main priorities of the Government is to eliminate black money component from the economy. He highlighted the positive role of demonetisation in reducing corruption, increasing digitisation of the economy and transferring the resources from the tax evaders to the Government for deployment in the welfare schemes for the poor. In this direction, the main objective of the tax proposals include, inter alia, promoting digital economy and ensuring transparency in political funding.

To Read More Download Directly from ICAI Website from the link given below :-

E-Flash-Union Budget 2017-18

More Under Income Tax

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