Saturday, January 16, 2021
  • About
  • Reach Us
  • Privacy Policy
STUFF UNKNOWN
No Result
View All Result
  • News
  • World
  • Business
  • Automotive
  • Tech
  • Career
  • Entertainment
  • Lifestyle
  • News
  • World
  • Business
  • Automotive
  • Tech
  • Career
  • Entertainment
  • Lifestyle
No Result
View All Result
STUFF UNKNOWN
No Result
View All Result
Home Business

Union Budget 2021: Countdown of General Budget begins, these are 10 expectations from the budget

January 14, 2021
in Business
2 min read
0
02 7 Union Budget 2021: Countdown of General Budget begins, these are 10 expectations from the budget Union Budget 2021: Countdown of General Budget begins, these are 10 expectations from the budget
Share on WhatsappShare on FacebookShare on Twitter


new Delhi. The budget session of Parliament will start from 29 January. During the session, the general budget of the financial year 2021-22 will be presented in Parliament on 1 February. According to the statement of the Lok Sabha Secretariat, the budget session running in two parts will run till 8 April. The first phase of the budget session will run from 29 January to 15 February while the second phase will run from 8 March to 8 April.

Finance Minister Nirmala Sitharaman has these expectations in the upcoming budget-

READ ALSO

Bank Interest: Canara and IDBI Bank get highest interest on savings account, know details

Government launched the third phase of Pradhan Mantri Kaushal Vikas Yojana, 8 lakh youth will get training, learn registration process

1. At present, under Income Tax Act 80CCE, under Section 80C, 80CCC and 80CCD (1), a total income of Rs 1.50 lakh in a year is exempt from income tax. People are expecting the Finance Minister to increase it to Rs 2.5 lakh.

2. From this budget, people are hoping that capital gains will be exempt from provision under Sovereign Gold Bond Scheme (SGBs) and there will be no reference for a particular year.3. On the closure of the National Pension System (NPS) account, only 60 percent of the withdrawal amount gets tax exemption. The NPS Subscriber is required to purchase an annuity from the balance amount. When a person gets an annuity, it becomes taxable. People demand that on withdrawal from NPS, the entire amount should be tax free.

4. Tax deduction in another country should be considered as income of taxpayer. Under section 198 of the Income Tax Act, if there is a tax deduction abroad, it should be considered as the gross income of the assessee. Special provision for this is expected in this budget.

5. Several amendments are needed to eliminate the dividend distribution tax (DDT). Under section 243, if a taxpayer has to pay advance tax and if he misses it, or if the amount of tax is less than what should be paid, then the taxpayer has to pay interest on it.

6. Multinational companies are also expected to get relief in corporate tax from this budget. Companies say that due to Corona virus epidemic, the Finance Ministry should bring reform in corporate tax.

7. Apart from this, the number of public sector banks is also expected to be reduced from the budget of 2021-22. There may also be an announcement to merge public sector banks in the budget.

8. The vehicle scrappage policy can be announced in the budget to be presented on February 1, its purpose is to boost demand for automobiles by phasing out old, polluting vehicles in a phased manner.

9. In this budget, the government can focus exclusively on increasing private investment in railways. Apart from this, the government can also announce passenger safety.

10. The business class of the country is hoping to cut the GST in the general budget and get a loan at a lower interest rate to revive the business.

.

Tags: BudgetBudget 2021Budget sessionFinancial year 2021-22General budgetLok Sabha SecretariatParliamentUnion budget
SendShareTweet
Previous Post

Govt to teach Kovid skills to eight lakh candidates, inauguration of third phase of MKVY tomorrow

Next Post

Central Mining and Fuel Research Institute (CIMFR Recruitment) Applications invited for 76 Project Assistant and Project Associate, last date: 15 January 2021

Related Posts

Canara Bank Bank Interest: Canara and IDBI Bank get highest interest on savings account, know details Bank Interest: Canara and IDBI Bank get highest interest on savings account, know details
Business

Bank Interest: Canara and IDBI Bank get highest interest on savings account, know details

January 16, 2021
13
PMKVY1 Government launched the third phase of Pradhan Mantri Kaushal Vikas Yojana, 8 lakh youth will get training, learn registration process Government launched the third phase of Pradhan Mantri Kaushal Vikas Yojana, 8 lakh youth will get training, learn registration process
Business

Government launched the third phase of Pradhan Mantri Kaushal Vikas Yojana, 8 lakh youth will get training, learn registration process

January 16, 2021
12
mobikwik Exclusive: Adding money to credit card in Mobikwik will charge, know details Exclusive: Adding money to credit card in Mobikwik will charge, know details
Business

Exclusive: Adding money to credit card in Mobikwik will charge, know details

January 16, 2021
12
whasapp privacy policy Kat filed in Supreme Court against WhatsApp and Facebook ...! Kat filed in Supreme Court against WhatsApp and Facebook ...!
Business

Kat filed in Supreme Court against WhatsApp and Facebook …!

January 16, 2021
12
06 10 HDFC Bank reported profit of Rs 8,758 crore in third quarter, income up 15% from interest HDFC Bank reported profit of Rs 8,758 crore in third quarter, income up 15% from interest
Business

HDFC Bank reported profit of Rs 8,758 crore in third quarter, income up 15% from interest

January 16, 2021
13
Bank Image Bank Interest: FD rates of these 5 banks are excellent, know details Bank Interest: FD rates of these 5 banks are excellent, know details
Business

Bank Interest: FD rates of these 5 banks are excellent, know details

January 16, 2021
10
Money Bank Cash Finance Ministry considering BIC model to infuse capital in government banks after RBI concern Finance Ministry considering BIC model to infuse capital in government banks after RBI concern
Business

Finance Ministry considering BIC model to infuse capital in government banks after RBI concern

January 16, 2021
12
Load More
Next Post
CIMFR job Central Mining and Fuel Research Institute (CIMFR Recruitment) Applications invited for 76 Project Assistant and Project Associate, last date: 15 January 2021 Central Mining and Fuel Research Institute (CIMFR Recruitment) Applications invited for 76 Project Assistant and Project Associate, last date: 15 January 2021

Central Mining and Fuel Research Institute (CIMFR Recruitment) Applications invited for 76 Project Assistant and Project Associate, last date: 15 January 2021

New Delhi Railway Station New Delhi railway station will look like international airport, RLDA showed its glimpse in online roadshow New Delhi railway station will look like international airport, RLDA showed its glimpse in online roadshow

New Delhi railway station will look like international airport, RLDA showed its glimpse in online roadshow

Discussion about this post

POPULAR NEWS

Indian rAilway NW181 Big news for 40 million users of IRCTC, all your questions will be answered instantly. Big news for 40 million users of IRCTC, all your questions will be answered instantly.

Big news for 40 million users of IRCTC, all your questions will be answered instantly.

January 15, 2021
76
trump twitter cartoon 1 How were the trumped by the law of just 26 words, why the system could not change? How were the trumped by the law of just 26 words, why the system could not change?

How were the trumped by the law of just 26 words, why the system could not change?

January 11, 2021
39
til ki gazak recipe Gazak Recipe: Make Lohri and Makar Sankranti auspicious by eating sesame ghazak Gazak Recipe: Make Lohri and Makar Sankranti auspicious by eating sesame ghazak

Gazak Recipe: Make Lohri and Makar Sankranti auspicious by eating sesame ghazak

January 10, 2021
29
jacwulinebellepost b 14 Jacqueline Fernandez Stunning As A Ballerina Sets Instagram On Fire- Updated Jacqueline Fernandez Stunning As A Ballerina Sets Instagram On Fire- Updated

Jacqueline Fernandez Stunning As A Ballerina Sets Instagram On Fire- Updated

January 14, 2021
25
Money2 rs2000 PFC NCD issue: Government company giving long term huge earning opportunity, read all information including subscription PFC NCD issue: Government company giving long term huge earning opportunity, read all information including subscription

PFC NCD issue: Government company giving long term huge earning opportunity, read all information including subscription

January 15, 2021
23
Untitled 6 1 Hindi News - New Traffic Rule: These rules will be applicable on sitting on the back seat of the car and on the bike, will have to be given if you do not follow - News18 Hindi Hindi News - New Traffic Rule: These rules will be applicable on sitting on the back seat of the car and on the bike, will have to be given if you do not follow - News18 Hindi

Hindi News – New Traffic Rule: These rules will be applicable on sitting on the back seat of the car and on the bike, will have to be given if you do not follow – Hindi

January 16, 2021
23
Til Ke Laddu Recipe Makar Sankranti Recipe: Sesame-jaggery laddus will fill sweetness in Makar Sankranti Makar Sankranti Recipe: Sesame-jaggery laddus will fill sweetness in Makar Sankranti

Makar Sankranti Recipe: Sesame-jaggery laddus will fill sweetness in Makar Sankranti

January 11, 2021
21
Load More

EDITOR'S PICK

amitabhinstaabi b 13 In childhood, Abhishek gave the first autograph, father Amitabh shared an old picture In childhood, Abhishek gave the first autograph, father Amitabh shared an old picture

In childhood, Abhishek gave the first autograph, father Amitabh shared an old picture

January 13, 2021
12
CGPSC jobs 143 State Service Preliminary Examination Application for SSE 2020 143 State Service Preliminary Examination Application for SSE 2020

143 State Service Preliminary Examination Application for SSE 2020

January 12, 2021
14
state bank of india 2 SBI raised $ 600 million from bond sales abroad, got better response from all over the world SBI raised $ 600 million from bond sales abroad, got better response from all over the world

SBI raised $ 600 million from bond sales abroad, got better response from all over the world

January 7, 2021
11
flag Republic Day 2021: Republic Day will be different this time, learn interesting things related to it Republic Day 2021: Republic Day will be different this time, learn interesting things related to it

Republic Day 2021: Republic Day will be different this time, learn interesting things related to it

January 14, 2021
14
Load More

About

We bring you the Latest News Updates regarding Gadgets, Products, Politics, Finance and lot more to help you Discover the Unknown.

Follow us

Categories

  • Automotive
  • Business
  • Career
  • Entertainment
  • Lifestyle
  • Tech
  • World

Recent Posts

  • Bank Interest: Canara and IDBI Bank get highest interest on savings account, know details
  • Government launched the third phase of Pradhan Mantri Kaushal Vikas Yojana, 8 lakh youth will get training, learn registration process
  • Exclusive: Adding money to credit card in Mobikwik will charge, know details
  • Kat filed in Supreme Court against WhatsApp and Facebook …!
No Result
View All Result
  • News
  • World
  • Business
  • Automotive
  • Tech
  • Career
  • Entertainment
  • Lifestyle

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Cookie settingsACCEPT
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

Non-necessary

Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.