General Budget 2016-17

GDP Accelerates to 7.6%; Budget 2016-17 Built on Agenda ‘Transform India’ "Finance Minister : Finance Minister

Tax Proposals are aimed at Boosting Economic Growth and Employment Generation : Finance Minister

Finance Minister announces Rs. 2000 crore in the Budget to give LPG Connection to women member of poor households

100% FDI to be Allowed Through FIPB Route in Marketing Food Products Produced and Manufactured in India

Budget 2016-17 presented in Parliament - FM Announcing a number of new schemes and increasing the allocation in various sectors

Affordable housing - 100% deduction for profits to an undertaking from a housing project

Pension schemes offer financial protection to senior citizens

Above 2 crore tax payers would get a relief of Rs. 3,000

100% deduction of profits for 3 out of 5 years for startups set-up during April 2016 to March 2019

Infrastructure and Investment is the Fifth Support Pillar of Budget Theme ‘Transform India

Government will provide calibrated marketing freedom to incentivise Oil & Gas production -Comprehensive plan to augment investment in Nuclear Power generation

Key Reform Measures in his General Budget 2016-17

Assignment of right to use the spectrum and its subsequent transfers will be a service leviable to Service Tax and not sale of intangible tax

Government to Double the Income of Farmers by 2022 - Unified Agricultural Marketing E-Platform to be Dedicated to the Nation on 14th April this Year

Allocation of Rs. 25,000 Crore Towards Recapitalisation of PSBS

3000 Stores to be opened under Prime Minister’s Jan Aushadhi Yojana during 2016-17

Companies Act 2013 to be amended to facilitate Ease of Doing Business

Ek Bharat Shreshtha Bharat Programme to be Launched

Scheme to declare undisclosed income by paying 45% tax in a given compliance window.