Rs 25 lakh from Rs 3 lakh.
Insurance Investment
Insurance policies (other than ULIPs) with annual premiums exceeding Rs 5 lakh will become taxable.
Capital Gain Exemption
For HNIs availing high-value capital gain exemption by reinvesting in luxury apartments, tax deduction will be capped at Rs 10 crore.
For businesses
Online Gaming
Online gaming cos must deduct tax at source on net winnings of users (money earned net of entry fees) at a rate of 30% on every winning.
Audit Trail
Accounting software used by cos to maintain books of accounts must have mandatory audit trail facility with features to create edit logs of each change made.
Insurance Commissions
Life, general and health insurance cos will get the flexibility to pay commissions to agents according to board-approved policies within the overall expenses of management ceiling.
Home Loan Capital
Home loan providers need to provide more capital on their portfolio. Earlier, RBI had rationalised risk weight to give a fillip to the sector.