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Union Budget 2021: Govt should consider tax relief to individual taxpayers, employers in WFH scenario The outbreak of COVID-19 pandemic in March 2020 in many ways compelled organisations to implement work from home policy for their employees during the lockdown period and post thereto Parizad Sirwalla January 28, 2021 15:09:17 IST Government should look for ways to give tax relief in work from home scenario. Reuters
With the Union Budget 2021-22 on the anvil, akin to past years, a common man hinges his hopes of having more money at his disposal to spend/save as he desires. Especially, considering the present hardships and challenges caused by COVID-19
Independent wind farm owners in Ireland are taking a legal challenge against the European Commission over its refusal to conduct a formal investigation into claims that fossil fuel electricity producers in Ireland are being granted illegal State aid in the form of reduced commercial rates.
The Court of Justice of the European Union (CJEU) will begin a hearing tomorrow in a case taken by the Irish Wind Farmers’ Association (IWFA) and three of its members against the summary dismissal in 2019 by the then EU Commissioner for Competition, Margrethe Vestager, of its claims.
The Commission refused to initiate a formal investigation procedure after concluding the method for assessing commercial rates for fossil fuel electricity producers did not constitute State aid under EU legislation. The IWFA had filed its original claim in February 2016.
By Rajan Sarma, Online Content Writer, SiliconIndia | Friday, 15 January 2021, 18:12 Hrs Among the Indian citizens watching Parliament sessions, Union Budget sessions are one of the most-watched by every Indian citizen. The Union Budget 2021 is in the vicinity and everyone is waiting to learn about the new annual policy announcements by the government.Amidst the COVID battle, because of which, people are left with a struggling economy, now, in just a few weeks and from taxpayers to students, everyone hopes to gain something out of the budget.There are reports from experts that this year, the finance ministry will not conduct the Halwa ceremony and there will be no paper involved in the Budget 2021. Only soft copies of the Budget could be circulated among the Parliamentarians. These precautions are going to be implemented due to the Covid-19 pandemic.
Updated Jan 08, 2021 | 06:14 IST
From the financial year 2019-2020 and onwards, income tax rules pertaining to tax benefit on the second property have changed. Here are the details. Representational image
New Delhi: Traditionally, property buying is considered as a good long term investment in India as it provides tax benefit, capital appreciation and rental income. Due to these reasons many people in India buy more than one house property. Typically, people fund these property purchases through a home loan. If you have bought more than one property with home loan then you can get tax benefit on the second property as well. Here’s how you can claim tax benefits on the second or more housing property as per the latest income tax rules.