Finance Minister (FM) Arun Jaitely has given a remedy to the middle-class Indians this fiscal year by reducing the base tax rate to 5% which was 10% earlier for the income group between Rs. 2.5 lakhs to Rs. 5 Lakhs. The new tax slab suggests that there will be no tax liability for income up to Rs. 3 lakhs. For assesses having income between 3 lakhs to 5 lakhs, shall be liable to pay a tax of 5%.
To make up for a loss a loss of Rs. 15,000 crore caused due to reduction is tax slab, an additional surcharge of 10% is imposed for the tax payers with an annual income between Rs. 50 lakhs to Rs. 1 crore. In case if the income for a financial year is 1 crore or above, you shall be liable to pay 15% surcharge which is an old levy with no change so far. With the aim of boosting compliance among small tax payers, the FM has introduced massive reforms in taxation rules for small and medium enterprises. Following are the key areas which received benefits from reduction of income tax rate under Union Budget 2017.
Reduction in taxable income slabs: The benefit of 5% reduction in taxable income is extended to resident and non-resident Indians who are below 80 years of age.
Scope of Long term bond extended under Section 54EC: Investments in RECL bonds and NHAI bonds were exempted on investment up to Rs. 50 Lakhs. Under new budget, in addition to this exemption under Section 54EC shall be provided on the investment of long term capital gains in any bond redeemable after 3 years.
Shifting of base year for capital gain computation: The Fair Market Valuation (FMV) for capital assets shall be accessed by keeping base year April 1, 2001 instead of April 1, 1981. Accordingly, assesses have an option to consider FMV or cost as on April 1, 2001 for the assets acquired on or before April 1, 2001.
Post demonetization, tax rates were expected to get softer to provide a sigh of relief to Indian and this budget has live up to such expectation to an extent.
Not just a great way to add a character and liveliness to your rooms, wallpapers are the inexpensive and quickest way to brighten you house. With so many variants in colours, style and designs; markets nowadays have been flooded with a varieties of wallpapers to add sparkle to the overall design of your room.
Generally light-coloured wallpapers suit best for the living rooms as it gives it a spacious look. To add a tint of glamour colours like silver or gold can also be used for the wallpapers.
It is always advisable to use washable /writable wallpapers in kids’ room that allows the kids to scribble on walls freely. You can also get a customise wallpaper for your kids room with their favourite cartoons on it.
Cosy and darker tones are best suited for the bed rooms. Go for contrasting shades of wallpaper against the wall-paint, to give your room an eye-catchy look.
To add dramatic effect, floral print wallpaper for dining area will be the best choice. It will not just brighten up the area, but also add a pleasing appeal to the space.
The residential prject is Gurgaon is flourished with 3 as well as 4BHK budgeted flats. Along with entire convenience to fulfill all basic need of the dwellers, the society gives a location advantage with most of the civic utilities nearby. Connectivity to Sohna Road is also easy. A Vaastu compliant project with 24X7 security, property staff, gated community and rainwater harvesting.
With the recent drop in the Home Loan interest rates, there is a wave of cheer among all the borrowers who are looking forward to apply for home loans. Many of the major banks have slashed down their interest rate and these are the top 10 banks and non-banking finance companies in India offering home loans at best interest rates.
When it comes to find out the best destination for real estate development in Delhi or the national capital regions, Gurgaon is certainly in the choice list. Known to adhere with the best standards of luxury, Gurgaon has always provided some of the premium upscale residential avenues. Below are the top 10 ready to move 4BHK apartments in Gurgaon between 2 Crore to 2.5Crore that will let you explore the new horizons of plush livings:
Vipul builders have been continuously working towards developing grand real estate projects with its PAN India presence. This project is a combination of 2 towers that has been crafted with modern interior and exterior facilities that contribute to a better lifestyle for the occupants. Traffic free play zones and 3 sides overlooking greens are the major highlights of the project.
A collaboration between Satya Group and The Clarion Group, this residential project in Gurgaon is designed aiming at every requirement of the people. 4BHK apartments here are designed skillfully for sophisticated dwelling amidst natural sunlight and proper ventilation.
