Union Budget 2016-17
Press
Information Bureau
Government of India
Ministry of Finance
Government of India
Ministry of Finance
29-February-2016 13:01 IST
Limit
of Deduction of Rent Increased from Rs.24,000 to Rs.60,000
100% Deduction of Profits for 3 out of 5 Years for Start-Ups
Withdrawal upto 40% of the Corpus to be Tax-Free at the time of Retirement
100% Deduction of Profits for 3 out of 5 Years for Start-Ups
Withdrawal upto 40% of the Corpus to be Tax-Free at the time of Retirement
Deduction
of Additional Interest of Rs.50,000 Per Annum for First-Time Home buyers
New
Dispute Resolution Scheme to be Introduced
Thirteen
Cesses Levied by Various Ministries having Revenue Collection less than Rs.50
Crore to be Abolished
‘E-Sahyog’
and ‘E-Assessment’ to be Expanded Further
100%
Deductions for Profits to an undertaking in Housing Project for Flats up to 30
Sq. Mtrs.
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