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URL copied Union Finance Minister Nirmala Sitharaman announces Budget 2021 in Lok Sabha. Finance Minister Nirmala Sitharaman on Monday presented the Union Budget 2021-2022 in the Parliament. Being the first budget of a new decade and also the one during the pandemic, the budget was focussed on boosting, encouraging India towards being Aatmanirbhar (Self-Reliant). The two main key segments where the government focussed its spending were infrastructure and health. Finance Minister said this year's budget was based on 6 pillars to ensure the overall development of the country.  What...

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 aff...

Opposition MPs raise slogans as Sitharaman begins Budget speech Opposition MPs raise slogans as Sitharaman begins Budget speech In the initial few seconds of her speech, Sitharaman was barely audible as sloganeering by Opposition MPs drowned her voice. advertisement UPDATED: February 1, 2021 12:01 IST In the initial few seconds of her speech, Sitharaman, presenting her third Union Budget, was barely audible (Screengrab) Some Opposition MPs raised slogans over the farmers' protest as soon as Finance Minister Nirmala Sitharaman began the reading of Budget 2021. In the initial few seconds of her...