A budget of 5-7 is special. In recent memory, I do not remember any budget in which the finance minister constantly amends and changes the budget. I have made a list of some of the proposals, which were the highlights of the Finance Minister's budget speech. In addition to the budget, the praises of these things were sung.
List of ads placed in the budget, which is in stark contrast to the current situation
Budget announcement for July 8: FPI and domestic portfolio surcharges on long and short term capital gains for investors
Current Position: This petition was withdrawn dated August 8, 2014 to encourage the investors of the capital market to remove the surcharge imposed by the Finance (No.1) Act, 2 on long and short-term capital gains resulting from the transfer of equity shares and units in accordance with Sections 1A and 9A. The decision has been made. ' Nirmala Sitaraman, Press Conference, 7th August.
Budget Announcement: To issue independent foreign bonds, 'the government will start expanding its liquidity program in external currencies and external markets. It will also have an advantage over the demand for government security in local markets. Paragraph 3, Budget Speech, July 3
Current Position: Untitled, will most likely be canceled. It is currently being structured with different aspects in mind. This is a long process, which will begin. For the current year, all borrowings are currently in bonds. ' Secretary of Economic Affairs, 9 September, 2
Budget Announcement: Corporate Tax Reduction '2. As far as corporate tax is concerned, we are moving forward with a reduction. The minimum rate of 2% will be applicable only to those companies whose annual turnover is upto Rs. I propose to extend this limit to an annual turnover of 1 crore. Now only 5.5% of companies will be out of this rate. ' Paragraph 5, Budget Speech, July 3
Current Position: Replaced by the ordinance on September 7, 'All domestic companies are allowed to pay corporate tax of 5 percent (including cess and surcharge). This permission will be on the condition that these companies do not receive any tax exemption. In addition, no minimum alternative tax will be imposed on these companies. Any new domestic manufacturing company made after October 1, will have to pay corporate tax at 5%.
Budget Announcement: Angel Tax
Current Position: Cancelled on August 5, 'Section 1 (1) of the Income Tax Act will not appear on startup registered with the Ministry of Commerce' Nirmala Sitaraman, Press Conference, 2 August
Budget Announcement: Crimes of COSR Violation by Companies (Researching Companies Act 1, July 1, 2)
Current Position: Canceled on August 5th, whatever doubts are going on, I will remove them today. The government has no intention of complaining and proceeding. Corporate social responsibility will only be seen as a civil issue and not a crime. ' Nirmala Sitaraman, Press Conference, 7th August
Budget Announcement: Registration fee for new ICE cars, which is currently Rs 5, will be increased to Rs. Registration of ICE cars will be renewed at Rs. (July 3)
Current Position: An increase in the registration fee for new vehicles canceled on August 2 will remain in effect until 3am.
Nirmala Sitharaman, Press Conference, 7th August
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