Motilal Oswal Real Estate has recommended that in order to focus on revival of demand for the real estate sector, government should increase eligibility limits on home values for affordable housing benefits from the current Rs. 45 lakh to Rs. 60 lakh.
The computation of income is often disputed if taxes have been withheld outside India and corresponding income is offered for taxation in India, as Section 198 does not specifically mention taxes withheld outside India
Finance Minister Nirmala Sitharaman has described her upcoming budget as unlike anything seen in the last 100 years.
Budget 2021: The government must re-introduce the input tax credit for food sales so that it helps in streamlining the entire agriculture commodities supply chain
Budget 2021: Targeted schemes designed with a job creator focus, facilitating prompt payment systems, and short term suspension of basel norms may provide a boost to MSMEs
Budget 2021: Cuts in GST rates, suspension of basel norms for three years, and measures to increase foreign investments are some demands which experts seek for the startup industry
Budget 2021: Experts believe that COVID cess may be made applicable to higher income brackets individuals or business with specified turnovers
Budget 2021: IMF's Chief Economist Gita Gopinath has favoured the extension of pandemic support measures, thrust on investment in infrastructure, and divestment path for commercially viable companies
Budget 2021: The Reserve Bank of India is exploring the possibility as to whether there is a need for a digital version of fiat currency, according to its recent booklet on payment systems