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Budget 2017- Changes in Income Tax

Budget 2017- Changes in Income Tax The budget 2017, presented on 1st Feb 2017 has proposed to bring  following changes under Income Tax .  1.No cash transactions is allowed above Rs 3 lakh. 2.MSMEs with 50 crore turnover will get a 5% reduction in corporate income tax i.e 25% . 3.Income Tax rate for annual income between…