Page 4 - Budget 2017
Now, file tax returns on time or pay a fee
Unnecessary queries and delays in refund likely to reduce
 "Now, file tax returns on time or pay a fee")
Taxing times for the rich
Taxpayers with income of Rs 1 crore and more, currently, pay a surcharge of 15%
 "Taxing times for the rich")
Debashis Basu: Why black-ka-white through stocks won't stop
Here are various reasons why laundering through the stock market is thriving
Ajay Shah: The economy's pain points
There is no alternative to deeper reforms in order to kick-start investment
![[object Object], The economy's pain points](https://bsmediarevamp.business-standard.com/_media/bs/img/article/2017-02/05/full/1486314040-8752.jpg?im=FeatureCrop,size=(328,185) "[object Object], The economy's pain points")
Lifting rural productivity
Govt does well to abjure populism in Budget
 "Lifting rural productivity")
A modest beginning
Budget provisions on political funding underwhelm
 "A modest beginning")
Govt may fix 2015-16 threshold for lower corporation tax rate
Rollback of petroleum product duties likely to be considered if crude oil reaches $60-65 a barrel
 "Govt may fix 2015-16 threshold for lower corporation tax rate")
Indian MNCs under MAT set for higher tax outgo
Budget provision intends to restrict MAT credit available on foreign tax credits
 "Indian MNCs under MAT set for higher tax outgo")
Tax: Be diligent in depositing TDS on rent
If you live in rented apartment and pay Rs 50k or more a month, deducting TDS has become obligatory
 "Tax: Be diligent in depositing TDS on rent")
If govt was serious, parties wouldn't get cash donations: Prashant Bhushan
Earlier, parties could receive cash donations of up to Rs 20,000
 "If govt was serious, parties wouldn't get cash donations: Prashant Bhushan")
Derek O'Brien: This Budget is a story of demonetisation
He said govt confirmed demonetisation failed else they would have given numbers of money collected
Bogus long-term capital gains by shell firms at Rs 80,000 cr: CBDT
Justifies tax on unlisted shares, to stop such firms from selling loss, LTCG; IPOs, ESOPs spared
 "Bogus long-term capital gains by shell firms at Rs 80,000 cr: CBDT")
PSUs may go slow on new projects in FY18
Budget Estimates show 5% dip in resource generation
 "PSUs may go slow on new projects in FY18")
Additional measures likely to protect donor's anonymity
In 2008, Rs 2.5 crore cash had vanished from the BJP's office at 11, Ashoka Road
 "Additional measures likely to protect donor's anonymity")
Govt's past experiments with bearer bonds
Bearer bonds were the norms before a system was developed to institutionalise the bond market
 "Govt's past experiments with bearer bonds")
Budget impact: Drug firms may be forced to market generics, not brands
In 1978, there was a similar attempt which the pharmaceutical industry challenged in court
 "Budget impact: Drug firms may be forced to market generics, not brands")
Tax norms aimed at shell companies only, says Hasmukh Adhia
Budget has cut corporation tax on micro, small and medium enterprises by 5 percentage points: Adhia
 "Tax norms aimed at shell companies only, says Hasmukh Adhia")
The NPA problem needs a political solution: Arvind Subramanian
Budget had sent strong signals to those evading taxes, says Arvind Subramanian
 "The NPA problem needs a political solution: Arvind Subramanian")
Indian MNCs under MAT set for higher tax outgo
Budget provision intends to restrict MAT credit available on foreign tax credits
 "Indian MNCs under MAT set for higher tax outgo")
Budget a great push towards electoral reforms: Kiren Rijiju
He also expressed satisfaction over the increased allocation in the budget for his ministry
 "Budget a great push towards electoral reforms: Kiren Rijiju")
