Finance Bill 2017: New tax rates, SME corporate tax cuts, cash transaction caps, and GST implementation proposed in India.

The Finance Bill 2017, as passed by the Lok Sabha, introduces several significant changes to India's taxation framework. Key proposals include revised tax rates, corporate tax reductions for small and medium enterprises (SMEs), caps on cash transactions, and the implementation of the Goods and Services Tax (GST). These measures aim to streamline tax processes, encourage economic growth, and reduce reliance on cash-based transactions. .....

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