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Budget 2021: Real estate stocks climb up to 7% on FM s affordable housing push

Budget 2021: Real estate stocks climb up to 7% on FM’s affordable housing push SECTIONS Share Synopsis As anticipated, affordable housing and rental housing got a big boost with the government extending the period for extra deduction of Rs 1.5 lakh available for loans up to March 31 2022. This will keep demand buoyant for affordable housing in 2021 as well, said Anuj Puri, Chairman at ANAROCK Property Consultants. Getty Images The increase in time limit for affordable housing projects deduction and additional interest on loans borrowed for affordable housing will compensate the time lost due to the pandemic, said Divakar Vijayasarathy, Founder & Managing Partner, DVS Advisors LLP.

Union Budget 2021: Reintroduce single tax slab structure, raise minimum taxable income to Rs 7 5 lakh

Union Budget 2021: Reintroduce single tax slab structure, raise minimum taxable income to Rs 7.5 lakh All eyes are on the upcoming budget for the next financial year as India looks to recover from the economic devastation caused by the coronavirus pandemic FP Staff January 31, 2021 23:47:41 IST Government should look for ways to give tax relief. Reuters The pandemic and the subsequent Work From Home policy has led to some employers offering allowances and reimbursement to employees. All eyes are on the upcoming budget for the next financial year as India looks to recover from the economic devastation caused by the coronavirus pandemic in 2020-21. It is widely expected that the government will prioritise spending in the next fiscal and ensure a smooth transition into growth territory in 2021-22.

Covid vaccine expenses: Tax-free bonds may be just what the doctor ordered

January 22, 2021 File photo   -  REUTERS/ FRANCIS MASCARENHAS× The Centre is looking at introducing an instrument such as a tax-free bond during the Budget to mobilise resources for higher health-related expenses due to Covid-19. According to multiple government sources, the exact name and nature of the instrument are yet to be finalised, but the aim is to strike a balance between financing additional expenditure and not adding to the tax burden. A formal announcement is expected in the Budget, on February 1. The government may need to provide ₹50,000-80,000 crore for Covid vaccination during FY22. While introducing a cess or a surcharge would address this, State governments have been objecting to such a levy as they do not get a share of this revenue stream. Hence, a tax-free bond may seem a more viable option to the Centre.

Cryptocurrency Dilemma: How to show crypto earnings in ITR?

Cryptocurrency Dilemma: How to show crypto earnings in ITR?
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