Income Tax Budget Changes 2017
Change in Income Tax Slab Rate for Companies Amendment You are here
Change in Long Term Capital Gain
Cash Payment Greater than 10000 Disallowed
Section 44AD Scheme now 6% for non cash payment
MAT Credit Forward Limit Increased
Period of Scrutiny of ITR Increased
Time Limit of Revision of ITR
Advance Tax Due Dates
Cash Donations Trust and Political Parties
Donation under 80G in Cash
Cash Receipt more than 2 Lacs not allowed
Loss Under House Property Setoff of 2 lacs for even Rented Property Amendment
Changes in ITR Dues Dates (AY 2016-17 to 2019-20)
Section 44ADA Presumptive Income of Professionals
Section 80CCD (1)
Compulsory Maintenance of Books Limit Increased (Section 44AA)
Income Tax Budget Changes 2017
Last updated at April 16, 2024 by Teachoo
| Income | Tax % |
| Normal Cases | 30% |
| Small Company if Fy 2014-15 turnover upto 5 cr | 29% |
| Income upto | Surcharge rate |
| Upto 1 Cr | 0% |
| 1-10 Cr | 7% |
| >10 Cr | 12% |
| Income | Tax % |
| Normal Cases | 30% |
| Small Company if last year turnover upto 50 cr | 25% |
| Income upto | Surcharge rate |
| Upto 1 Cr | 0% |
| 1-10 Cr | 7% |
| >10 Cr | 12% |
All cases
