finance bill 2017 income tax amendment

 

 

there are various amendments in income tax are given  as below

rebate u/s 87 a reduce to 2,500

rebate is allowed if total income up to 3,50,000

filing of return for charitable trust amended

house property held as stock in trade will be liable for notional rent after one year of completion,

long term asset holding period reduce 36 months to 24 months

 

 

 

 

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