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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 ,

Nirmala Sitharaman doubles healthcare spending, imposes new agri cess in Union Budget for FY22


Nirmala Sitharaman doubles healthcare spending, imposes new agri cess in Union Budget for FY22
PTI
New Delhi: Finance Minister Nirmala Sitharaman proposed Monday more than doubling of healthcare spending while imposing a new agri cess on certain imported goods and raising customs duty on items ranging from cotton to electronics in a bid to pull the economy out of the trough. In her Union Budget for the fiscal year beginning April 1, 2021, Nirmala Sitharaman restricted tax-free interest on retirement fund to Rs 2.5 lakh annually but gave tax exemption on Leave Travel Concession (LTC) subject to incurring of specified expenditure.
A new Agriculture Infrastructure and Development Cess will be imposed from Tuesday on customs duty levied on bullion, alcoholic beverages, coal and agri products ranging from apple to lentil. But to reduce the burden on consumer, customs or import duty on these items was cut. ....

New Delhi , Nirmala Sitharaman , Life Insurance Corporation , Development Cess , Union Budget , Finance Minister Nirmala Sitharaman , Leave Travel Concession , Agriculture Infrastructure , Real Estate Infrastructure Trusts , Infrastructure Investment Trusts , புதியது டெல்ஹி , வாழ்க்கை காப்பீடு நிறுவனம் , வளர்ச்சி சிஇஎஸ்எஸ் , தொழிற்சங்கம் பட்ஜெட் , விடுங்கள் பயணம் சலுகை , ரியல் எஸ்டேட் உள்கட்டமைப்பு அறக்கட்டளைகள் , உள்கட்டமைப்பு முதலீடு அறக்கட்டளைகள் ,

Sitharaman doubles healthcare spending, imposes new agri cess in Budget for FY22


NEW DELHI: Finance Minister Nirmala Sitharaman on Monday proposed more than doubling of healthcare spending while imposing a new agri cess on certain imported goods and raising customs duty on items ranging from cotton to electronics in a bid to pull the economy out of the trough.
In her Budget for the fiscal year beginning April 1, she restricted tax-free interest on retirement fund to Rs 2.5 lakh annually but gave tax exemption on Leave Travel Concession subject to incurring of specified expenditure.
A new Agriculture Infrastructure and Development Cess will be imposed from Tuesday on customs duty levied on bullion, alcoholic beverages, coal and agri products ranging from apple to lentil. ....

Lok Sabha , Life Insurance Corporation , Development Cess , Finance Minister Nirmala Sitharaman , Leave Travel Concession , Agriculture Infrastructure , Real Estate Infrastructure Trusts , Infrastructure Investment Trusts , லோக் சபா , வாழ்க்கை காப்பீடு நிறுவனம் , வளர்ச்சி சிஇஎஸ்எஸ் , விடுங்கள் பயணம் சலுகை , ரியல் எஸ்டேட் உள்கட்டமைப்பு அறக்கட்டளைகள் , உள்கட்டமைப்பு முதலீடு அறக்கட்டளைகள் ,