1-Tax Payer Charter will announce soon
2-Tax Payer Statute coming Soon
3-Deposit Insurance raised up to Rs.500000/
4- government stake in IDBI Bank will be sold
5- Government to sell part of his stake in LIC
6- Significant Tax Reforms undertaken
7- new Rate for
Individual
0-500000 = Nil
500000-750000=10%
750000-1000000=15%
1000000-1250000=20%
1250000-1500000=25%
1500000 plus =30%
8-Removed 70 deduction around in new Tax resume
9-removed Dividend Distribution Tax , receiver will pay tax on such income . Now Dividend income will be taxable
10-New Manufacturing company tax rate will 15%
11- Start up exempt from tax turnover upto 25 crore for 3 year
12- 44AB limit 5 crore for MSME
13-Circle rate and Actual Sale price difference increase to 10%
14-Faceless Appeal introduced
15-Sabka Vishwas scheme , pay tax and no penalty and interest upto June 2020.
