India: Union Budget 2017-2018 | KPMG | GLOBAL
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India: Union Budget 2017-2018

India: Union Budget 2017-2018

The Finance Minister presented the Union Budget 2017-18 before the Parliament on 1 February 2017.


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Tax provisions in the budget include:

  • A commitment to implement the goods and services tax (GST)
  • Thin capitalization provisions, in line with the OECD base erosion and profit shifting (BEPS) project
  • Longer period to claim tax holidays for start-ups
  • Headline tax rate reduction for companies with annual turnover for March 2016 of up to INR 50 crore
  • Unchanged capital gains tax regime


Read a February 2017 report [PDF 5 MB] prepared by the KPMG member firm in India

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