Experts do not expect any major income tax relief in Budget By Shailesh Yadav | Updated: Jan 28, 2021 17:02 IST
New Delhi [India], January 28 (ANI): Salaried class or middle class might be disappointed from the Union Budget, which Finance Minister Nirmala Sitharaman is going to present on February 1 as the government is likely to leave income tax slabs untouched.
However, experts believe the salaried or middle class may get some relief under Section 80C and 80D.
A source in Income Tax Department told ANI that stories are being published daily on various news platforms regarding the budget. However, they are far away from the truth.
India budget 2021: No major income tax relief expected, experts say
IANS/New Delhi
AFP
Salaried or middle class may get some tax relaxation.
Salaried class or middle class might be disappointed from the Union Budget, which Finance Minister Nirmala Sitharaman is going to present on February 1 as the government is likely to leave income tax slabs untouched.
However, experts believe the salaried or middle class may get some relief under Section 80C and 80D.
A source in Income Tax Department told ANI that stories are being published daily on various news platforms regarding the budget. However, they are far away from the truth.
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Infra funding, digitisation may pave path to recovery: Experts
January 27, 2021
× Increased investment in infrastructure, simplification of taxation rules and digitisation are some of the key areas that Budget 2021-22 should focus on to revive the pandemic-hit Indian economy, according to experts.
Experts discussed the key expectations from the Budget at a panel discussion titled ‘Unleashing the animal spirit in a pandemic-hit economy’ at
BusinessLine’s Countdown to Budget 2021 webinar on Wednesday. The discussion, powered by HDFC Bank, was moderated by Aarati Krishnan, Editorial Consultant,
BusinessLine.
Increased spending
One of the key things that the Budget needs to focus on is increased spending on sectors such as infrastructure and healthcare. “So far, the government has been conservative on the fiscal front, but I think this is not the year to be conservative,” said Dharmakriti Joshi, Chief Economist, Crisil. “A solid blueprint for reviving public inves
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