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As India Inc. adapts to the new normal, the Finance Bill, 2021 introduced in the Lok Sabha yesterday by the Finance Minister displayed colours of restraint, resilience and self-reliance, a formula tha
J&K ICAI holds seminar on Union Budget 2021
J&K ICAI holds seminar on Union Budget 2021
Excelsior Correspondent
JAMMU, Feb 5: The Jammu, Kashmir & Ladakh Branch of the Institute of Chartered Accountants of India (ICAI) organized a seminar on “Analysis of Union Budget 2021”.
Justice P P Bhatt, president of Income Tax Appellate Tribunal (ITAT) was the chief guest on the occasion. CA Atul Kumar Gupta, president ICAI, N K Saini (vice-president, ITAT), G S Pannu (vice-president, ITAT) and R L Negi (Judicial Member, ITAT) were the guests of honour.
During the seminar, eminent speaker Pramod Jain (Central Council Member, ICAI) discussed in threadbare the section wise amendments made in Union Budget 2021.
Budget 2021: How no new taxes, COVID cess will ensure stability in system
With a fiscal deficit of 9.5% of GDP, there was limited scope for any significant tax concessions in Budget 2021
Tarun Arora | February 2, 2021 | Updated 13:08 IST
Budget 2021 shows stability in the tax regime and it is good that no new taxes were introduced
Union Budget 2021 has proposed significant policy measures and budgetary allocations to the healthcare and infrastructure sectors. Coupled with the sharp increase in capital expenditure, these measures would give the much-needed boost to the Indian economy.
With a fiscal deficit of 9.5% of GDP, there was limited scope for any significant tax concessions. Some key amendments have been summarised below.
Chandrajit Banerjee | Game-changer that will help enable growth with inclusion
Published : Feb 2, 2021, 7:24 am IST
Updated : Feb 2, 2021, 7:24 am IST
This is a development-oriented and pragmatic Budget which will help reset growth while promoting social inclusion
The immediate concern of the finance minister has been to reinvigorate the economy, stimulate demand and alleviate widespread distress emerging from the Covid-19 setback. (PTI/Manvender Vashist)
Finance minister Nirmala Sitharaman has presented the Union Budget 2021-22 amidst extraordinarily difficult times created by the Covid-19 pandemic. Our GDP growth is estimated to witness the largest ever contraction of 7.7 per cent during the present year. Besides, the paucity of fiscal space, constraints within the financial sector to lubricate the system and headwinds from the global economy are the other challenges which could impact the country.