Fund for Promoting Digital Economy, Indian Budget 2017-18

 

Indian  Budget 2017-18, Schemes for Promoting Digital Economy

 

Scheme for Promoting Digital Economy, Indian Budget 2017-18Indian budget highlights on schemes for Promoting Digital Economy is extracted below:

 

Under scheme of presumptive income for small and medium tax payers whose turnover is upto 2 crores, the present, 8% of their turnover which is counted as presumptive income is reduced to 6% in respect of turnover which is by non-cash means

No transaction above ` 3 lakh would be permitted in cash subject to certain exceptions

Miniaturised POS card reader for m-POS other than mobile phones or tablet computers), micro ATM standards version 1.5.1, Finger Print Readers / Scanners and Iris Scanners and on their parts and components for manufacture of such devices to be exempt from BCD, Excise/CV duty and SAD

 

 

 

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