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All these changes from tomorrow!

Business

All these changes from tomorrow!

admin1 March 31, 2018
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The new financial year will also have some burdens along with prosperity opportunities. While long-term profits are taxed on the shares of the shares, corporate tax is likely to fall. As the tax exemption limit increases the interest income available to elderly people, the standard deviation of the replacement of medical expenses for wage earners and medical expenses will be replaced. All these will come into force from April 1.

* 10 per cent tax on profit of shares beyond Rs
Benefits of acquisition and sale of shares within one year, capital gains tax of 15% For the last 14 years, the long-term capital gains tax (ELCC) does not impose a profit for the same year-and-a-whilst buying and selling. This is no exception from 2018-19. If you have more than one year or more, you will have to pay 10 per cent if you get more than Rs. As this provision was proposed on February 1, the profit of the share value raised by January 31 would not be taxed. It holds comfort for the investors. Securities Transaction Tax (STT) continues.

* Upto Rs. 250 crore turnover, 25 per cent corporate tax
The companies that offer tax returns in the country are micro-small, medium and medium-sized 99 per cent. The corporate tax is likely to fall in the new fiscal year to bring them comfort. Corporate taxes would be 25 per cent for companies with turnover of Rs 250 crore in 2016-17. The assurance given by the finance minister in 2015 will come into force to reduce corporate tax from 30 percent to 25 percent.
* Rs 40,000 Standard Deduction for salary payers
Currently, tax exemption for payment of salaries and medical expenses for wage earners is being implemented. There is no cost of Rs 15,000 on medical allowance of Rs. Rs 40,000 Standard Deduction will come into effect from Sunday itself. However, as health and education cesses are growing, the standard deduction is only a minor benefit.

* Relief for elderly people
All bankers earning jobs / jobs are deposited in deposits of the banks. Interest income is up to Rs.10,000 per annum. This limit was increased by 5 times and made up to Rs. 50,000.

* Excluding Rs 50,000 for health insurance
Under section 80D, up to Rs 30,000 is the tax deductible for health insurance premium and medical expenses. This limit has risen to Rs. 50,000.
The age limit for older persons is Rs 60,000 for older persons and Rs 80,000 for elderly people. This limit is increased to Rs.

* The tariff on the super-rich is 1% increase
The surcharge on the rich is maintained by 10-15 percent. They also increased their health and education cess on 4 percent of the taxable income.

E-way bills are mandatory
It is mandatory to have e-wards from tomorrow (April 1) to transport goods beyond Rs 50,000. The E-Vibilization Policy, which helps reduce tax collection and increase tax collection, was originally scheduled to be implemented from February 1. However, the e-Vibilis port was postponed to the policy after the technical problems arise. The use of the portal to remove e-vibrations for some state-owned cargo has also caused the network to be frozen. Now the problem is that the issue of smoothness of the procedure between the states is only facilitating the e-vibilization. If an attempt is made to take the e-wobbly network through a network under the state, it will control it, “an official said. Earlier this month, the GSTC board had decided to introduce e-Vibilization policy from April 15 to state transport for inter-state freight. After technical problems, the GST network has been strengthened by the portal of e-vibes. This portal, developed by the National Informatics Center (NIC), can take over 75 lakh inter-state e-wallets per day. “The NIC has ensured that the e-network network system will work smoothly from April 1. Extensive tests have been conducted without any difficulties in the last minute, “the official said. The GST network has suggested that transporters and traders should register in the port to learn how to take e-vibble. About 11 lakh companies have been registered in e-Watts Port before today.

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