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What tax experts expect for individuals in Budget 2021

Among small measures, the FM may provide relief on covid-19-related expenses, according to experts.The government may tinker with tax slabs in the old regime, and may increase the standard deduction limit ....

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FM Sitharaman meets President Kovind ahead of Union budget presentation

She was accompanied by her deputy Anurag Thakur and other officials of the Finance Ministry.
Finance Minister Nirmala Sitharaman, MoS Finance & Corporate Affairs Anurag Thakur, and senior officials of the Ministry of Finance, called on President Kovind at Rashtrapati Bhavan before presenting the Union Budget 2021-22, the President tweeted.
With the Union Budget 2021-22 set to be delivered in paperless form for the first time, Sitharaman replaced the Swadeshi bahi khata and switched to a tablet.
Dressed in a red and cream colour saree, accompanied by Thakur and other officials from her ministry at North Block, the Finance Minister was seen carrying a tablet kept inside a red coloured cover with a golden coloured national emblem embossed on it. ....

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India budget live: FM lists six pillars for economic revival

India doubles healthcare spending, opens up insurance to more FDI to get growth back up ....

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Union Budget 2021 Updates

Taxation
Tax System. We slashed our Corporate Tax rate to make it lowest in the world.
- For senior citizens with the only pension as a source of income, government grants exemption from filing income tax returns.
- I propose to reduce the time limit for reopening of assessments (tax assessments) to 3 years from the present 6 years: FM
- Govt to set-up a faceless dispute resolution mechanism for small taxpayers.
- Govt proposes to increase the threshold for tax audit to Rs.10 crore vs Rs. 5crore (for those transacting 95 per cent digitally).
- Rs 1.5 Lakh additional deduction on
loan for affordable homes. ....

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India Shelter bags 'Housing Finance Company Lending for Affordable Housing' award

New Delhi [India], January 27 (ANI/NewsVoir): India Shelter Finance Corporation Limited was recently awarded Housing Finance Company Lending for Affordable Housing at The Inclusive Finance India Awards. The Secretariat Presentation Award Ceremony was held in New Delhi.
India Shelter Finance Corporation has undertaken path-breaking work in providing access to housing loans to low-income families that are left out of the opportunity of affordable finances.
The selection of the award - Housing Finance Company Lending for Affordable Housing was based on the organisation s outreach, asset quality, growth, and commitment to the development of the underserved of the country by helping them get access to safe and improved homes. The company s CEO Anil Mehta was felicitated by Anurag Thakur, MoS Finance and Corporate Affairs, GoI. ....

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