Subramanian Swamy’s suggestion comes at a time when millions of households in the country have come under pressure due to rising inflation and rising medical costs in the wake of Covid-19.
A lawyer’s wishlist from Budget 2021 includes these income tax rebates, deductions and holidays
Pixabay
tax holidays are awaited in the upcoming
budget announcements.
The need of the hour is to increase the liquidity in the market.
These minor changes in the form of deductions and exemptions will positively impact the consumer behavior in the market for the upcoming financial year.Every year anticipations circle around the budget and the consequent announcements. however, given the unprecedented pandemic, major announcements and relaxations in form of some respite are expected from
Budget 2021. The repeated lockdowns have caused disruption in day-to-day business activities and have postponed new ventures that were to be undertaken in the current financial year. In the light of such impediments posed by Covid-19, numerous industry specific benefits and tax holidays are awaited in the upcoming budget announcements.