In the hospitality sector, many of its members are on the verge of going bust, relaxation of interest on loans and moratorium on loan repayment is the need of the hour. Alam Srinivas Jan 27, 2021 If you subscribe to a newsletter or otherwise register with the Sites, these cookies may be correlated to you. Proudly powered by WordPress | Theme: Able by Automattic.. Budget 2021 Expectations LIVE: Yogesh Makkar, CEO, Kapdec Inc, "The year 2020 had an insurmountable impact on the education systems and on learners. In order to spur domestic tourism and make India a world-class tourist destination, we expect that the budgetary allocation is at least increased by 50% in the upcoming budget. The home buyers will be entitled for relief of up to 20 per cent under Section 56(2)(x) of the Act. Tier II and Tier III cities, with many people returning to their home towns because of the COVID-19 pandemic. Another demand will be expecting increase in deduction limit under SEC 80 C for home loan buyers, accompanied with tax benefit on interest paid for loan on under construction properties bought by home loan borrowers ; as currently it is on possession ready properties only. Union Budget 2021 Expectations for Health: Being present in the wake of the pandemic, our expectations from the Budget 2021 centre around the allocation of higher spending towards healthcare. Don’t forget to try our free Income Tax Calculator tool. We did see the GDP contract as the whole world was at a pause. Ltd. Thankfully the Indian economy is stabilizing itself after a major recession in 2020 and the aggregate demand is increasing. for small businesses, and 35 Cr. Zeenews.com use cookies and other technologies to store information in your web browser or on your mobile phone, tablet, computer, or other devices (collectively "devices") that allow us to store and receive certain pieces of information whenever you use or interact with our zeenews.india.com applications and sites. RailTel IPO opens for subscription: Should you invest in another PSU firm after IRFC’s weak listing? Our mission is simple: to make government services delightful. The segment saw a maximum number of launches and sales after the pandemic; people are eagerly waiting for more projects to come in this segment. A rationalisation of these levies for the next few years, can bring down the cost of housing and accelerate demand. Budget 2021 could go a long way towards meeting this goal by way of introducing tax reforms such as enhancing the principal deduction limit on home loans under Section 80C of the IT Act, 1961; lowering the long-term gains tax for sale of house property and rationalizing the GST for under-construction properties. With COVID 19 and the economic debacle it caused, the government might find it difficult to do so, but it is in these times that we have to adhere to a long term vision (which the NEP has set for us) and not take myopic decisions. Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Also, the Production Linked Incentive (PLI) scheme needs a stronger framework that will further strengthen the Atma Nirbhar Bharat initiative. In the case of the Healthcare sector, we hope for an upgrade of Government hospitals with more tax breaks for R&D and increased coverage of Ayushman Bharat. Copyright © Zee Media Corporation Ltd. All rights reserved, Shahid Kapoor joins ''Pawri mash-up'' brigade, Akshay Kumar wishes Sajid Nadiadwala on birthday, thanks him for ''literally paying his bills'', WhatsApp may roll out ''Sign Out'' feature in the app. If the tariffs and duties are reduced, we can surely be the global leaders in production and trading in gold, diamond, and other commodities in the coming years. "Schools & colleges around India will need to revamp their education models to comply with the recently announced National Education Policy 2020. 2) Some financial stimulus to the sector in the form of incentivizing CSR and Individual donations through tax benefits would be a welcome step and would immensely help the sector, 3) FCRA amendments came as a sudden shock for the sector in the middle of the pandemic. The year 2020 witnessed the emergence of Shadow Cities i.e. Similarly, in the Union budget 2019, the government had framed several policies and announced rebates on battery-powered vehicles. Budget 2021 Expectations LIVE: Raj Patel, Director, Royale Touche, “The government has taken a firm stand to make India a self-reliant country. This will offer two-pronged benefits — keeping the credit chain intact and ensuring that tax is not added to the cost of healthcare services. The Union Budget 2021-22 is going to play a crucial role for the startup industries, as India being a developing nation has undergone massive changes during the pandemic year. Domestic tourism should be empowered, housewives should be encouraged and incentivised to become brand ambassadors of local tourism. We also look forward to making retail finance available through Nationalised and Private Bank by including the EV in priority sector lending. in the apparel manufacturing segment, especially for the micro and small enterprises.
Marquis Mills Converse Genealogy, Cplp Skills Application Exam, La‑2a Leveling Amplifier, Something The Lord Made Review, Buy Persian Cat Online, Gabby Reece Email, Essensity Oil Developer How To Use, The Song Of Hiawatha Summary, Gabby Reece Email, Red Wolf Lodge,