1.Total Budget of ₹ 21.47 Lakhs crores for 2017-2018.
2.Increase in Direct Tax collection by 34% after demonetisation.
3.Holding period for LTCG for Land & Building reduced to 2 years.
4.Carried forward of MAT Credit for 15 years instead of 10 years.
5.5% tax exemption for companies having turnover below ₹ 50 crores.
6.6% presumptive tax for turnover upto ₹ 2 crores.
7.No cash transaction above ₹ 3 Lakhs will be permitted.
8.Maximum Donation receivable from unknown source by pol party will be ₹ 2k.
9.Change in period of limitation for scrutiny assessment.
10.5 % tax for income below ₹ 5 Lakhs.
11.No tax for income upto ₹ 3 Lakhs.
12.10% surcharge for assesse income between ₹ 50 Lakhs to ₹ 1 crores.
13.One page Income Tax return proposed.
Commerce is a very popular education field in India. It has numerous opportunities as well. B.Com is a regular college course and has many advantages. Bachelor in Commerce (B.Com) is a course three year undergraduate course in commerce, which deals with the basics of business administration. B.Com is very much in demand in our country and offers many opportunities in higher education and business. Candidates can start their own business or get associated with family business. For those who want an entry into corporate sector can opt for MBA. Another option is pursuing Chartered Accountancy (CA) and Company Secretary (CS). Teaching and research is a popular choice after B.Com. Those who are interested in teaching can pursue M.Com and P.HD later. B.Com graduates can work as freshers in business firms too and gain a good amount of knowledge. This course can be pursued through distance learning as well. B.Com can be pursued with or without studying mathematics at school. Bachelor in...