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Budget 2018 Quick Highlights Sector Wise

Benefit of carry forward & set off of losses for companies under Resolution

Relief from MAT liability to companies under corporate insolvency

Trading in agricultural commodity derivatives – Non-speculative transaction

Presumptive income U/s. 44AE in case of of heavy goods vehicle

Tax on all type of compensation in connection to business or employment

TDS and manner of payment in respect of certain exempt entities

Budget 2018 Widens scope of Accumulated profits for Dividend

Section 80DDB Enhanced deduction to senior citizens for medical treatment

Income Tax Rates for financial year 2018-19 / AY 2019-20

Sec. 80D Deductions for senior citizens raised to Rs. 50000

Tax on long-term capital gains on sale of listed equity shares or equity oriented fund or a unit of business trust

Scope of PAN extended to financial transaction exceeding Rs. 2.5 Lakh in a Year

Rs 40,000 Standard deduction on salary income
Explore the latest Budget updates on TaxGuru, including relevant legal provisions, notifications, circulars, case laws, compliance developments and expert analysis. This page brings together important developments and practical guidance to help taxpayers, businesses and professionals stay informed and understand the regulatory and commercial implications of changes.
