Highlights of Union Budget 2016-17


Union Budget 2016-17 (Finance Bill)

Ministry of Finance ask Suggestions from the Industry and Trade Associations for Union Budget 2016-17 regarding changes in direct and indirect taxes.

The last date of submission of suggestion to Ministry of Fiance is 25th October, 2015. The Union Budget of India, also referred to as the Annual financial statement in the Article 112 of the Constitution of India, is the annual budget of India. It is presented each year on the last working day of February by the Finance Minister of India in Parliament.

The budget, which is presented by means of the Financial bill and the Appropriation bill has to be passed by the Houses before it can come into effect on April 1, the start of India’s financial year.

Source : F.No.334/10/2015-TRU dated the 8th October, 2015

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