Key amendment in Income Tax Act applicable from from 01.04.2017 (1) Limit for Cash Expenditure (both, capital and revenue expenditure) reduced to Rs 10k per day in aggregate per person, earlier same was Rs 20k . Capital expenses paid in cash
Union Budget 2016 Highlights for Taxpayers.
Union Budget 2016 Highlights. Relief Section 87A Rs. 2000 to Rs. 5000: Ceiling of tax rebate under section 87A increased from Rs 2000 to Rs 5000 to lessen tax burden on individuals with income upto Rs 5 laks Relief Sec