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Important takeaways from Union Budget 2021 for taxpayers, salaried class


Important takeaways from Union Budget 2021 for taxpayers, salaried class
Budget 2021 has proposed to reduce the time limits for general assessment or processing of ITR by 3 months and also for filing of income tax returns.
DNA Web Team
Feb 4, 2021, 10:10 PM IST
The Union Budget 2021 has proposed to reduce the time limits for general assessment or processing of income tax return by three months and also for filing of income tax returns. This will bring certainty in income tax proceedings and this means the income tax department will have to process the ITR by December 31, 2021 instead of March 31, 2022.
 
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To boost the purchase of an affordable house, the Union Budget 2021 proposed to extend the eligibility period for the claim of an additional deduction for the interest of Rs 1.5 lakh paid for a loan taken for the purchase of an affordable house to March 31, 2022.  ....

Web Team , Union Budget , Cash Voucher Scheme , Real Estate Infrastructure Trusts , Infrastructure Investment Trusts , வலை அணி , தொழிற்சங்கம் பட்ஜெட் , பணம் வவுச்சர் திட்டம் , ரியல் எஸ்டேட் உள்கட்டமைப்பு அறக்கட்டளைகள் , உள்கட்டமைப்பு முதலீடு அறக்கட்டளைகள் ,

Budget 2021 could give tax sops to boost spending, extend LTC cash voucher scheme: EY


Budget 2021 could give tax sops to boost spending, extend LTC cash voucher scheme: EY
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Budget 2021 could give tax sops to boost spending, extend LTC cash voucher scheme: EYBy Shalini Jain, ET CONTRIBUTORS
Last Updated: Jan 20, 2021, 05:43 PM IST
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Synopsis
In every budget, the government is faced with the task of introducing measures to meet its revenue needs and at the same time cater to the taxpayers expectations for relief from taxes. Given the unprecedented times, the need to balance these requirements is much more than ever in this budget.
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The Finance Minister has indicated that Budget 2021 will be a budget like never before as the government looks to steer the pandemic battered economy and push growth. The FM has also mentioned that investment in health will be the top priority for the government in Budget 2021. ....

Finance Minister , Long Term Capital Gains , Income Tax Act , Leave Travel Concession , Cash Voucher Scheme , Tax Sops , Tax Incentives , Budget 2021 , Nri Tax , Ltc Cash Voucher Scheme , நிதி அமைச்சர் , நீண்டது கால மூலதனம் ஆதாயங்கள் , வருமானம் வரி நாடகம் , விடுங்கள் பயணம் சலுகை , பணம் வவுச்சர் திட்டம் , வரி ஸாப்ஸ் , வரி சலுகைகள் , ன்றி வரி , ல்ட்க் பணம் வவுச்சர் திட்டம் ,