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Budget 2021: Common man, corporate India's wishlist Expecting the economy to rebound sharply and continue speedy recovery requires the budget to be a key driver of growth It is anticipated to be a budget like never before. The stakes, as well as expectations, are high With the Indian economy looking forward to recovering from the devastating COVID-19 pandemic, the expectations from Budget 2021 in the form of direct tax reforms are the need of the hour. Union Budget 2021 will be presented in Parliament on February 1 and is being presented at a difficult juncture for the economy amidst unprece...

Over 70% industry respondents expect Budget to hike standard deduction limit: KPMG survey SECTIONS Last Updated: Jan 27, 2021, 06:40 PM IST Share Synopsis A majority of respondents in the survey believe that with the government facing the prospect of significantly increased expenditure in the coming year, the revenue needs can be met through increased collections fuelled by an economic recovery as well as by improved technology-driven enforcement, rather than through the introduction of new taxes. Getty Images NEW DELHI: A vast majority of industry respondents expect that the standard deducti...

Taxpayers' Budget 2021 wishlist: COVID exemptions, standard capital gains rates and more Apart from long pending demands of hike in limits under Sections 80-C and 80-D of Income-tax Act, they also expect COVID-linked tax concessions, more attractive new tax regime and simplified capital gains structure Aprajita Sharma January 27, 2021 | Updated 23:59 IST Optimistic over a Budget like never before - as Finance Minister Nirmala Sitharaman has promised to deliver it on February 1 - taxpayers are hoping for never-seen-before tax relief. Apart from long pending demands of hike in limits under Sec...

Jan 11 2021, 11:16 AM January 11 2021, 9:52 AM January 11 2021, 11:16 AM Finance Minister Nirmala Sitharaman has promised a “never before” like budget on Feb. 1. While taxpayers impacted by the Covid-19 pandemic and a slowdown in the job markets have high expectations, experts say the government’s hands may be tied due to the ongoing fiscal constraints. Finance Minister Nirmala Sitharaman has promised a “never before” like budget on Feb. 1. While taxpayers impacted by the Covid-19 pandemic and a slowdown in the job markets have high expectations, experts say the gover...

Further away. >> it really is. >> unattainable. >> reporter: whether you're at home or on the road. >> we reached out to the white house. they told nbc news that the rate cuts, higher standard deduction and enhanced child tax credit in the new tax plan actually eliminated the need for many deductions but they said it's also important to point out many truck drivers did not lose the ability to use per diems. the administration is willing to work with any truck drivers who did. >> bill de blasio blasts joe biden on the campaign trail and hear why he says the former v.p. does not support women. s...