Capital gains of Land & Building – 2 years holding period
Cash Expenditure – Both Capital & Revenue limited to Rs.10000/-
Presumptive Taxation – 6% for non cash transactions -Applicable for current year also
Funding of Political Parties – Maximum amount of cash donation restricted to Rs.2000/-. Electoral Bonds to be implemented by amending RBI regulations – Political Parties need to file Income Tax Returns
Affordable Housing Scheme Provisions relaxed
Insurance Agents – No need of TDS if taxable income below taxable limit subject to filing declaration
