February 2, 2021

Expectations from the Budget 2021!

Rakesh Reddy, Director, Multiple Sources

Finance Minister – Nirmala Sitharaman in her budget speech focussed on six pillars for India’s growth. This includes health & well-being, physical & financial capital and infrastructure, inclusive development for aspirational India reinvigorating human capital, innovation and R&D, minimum government and maximum governance.

Although several proposals were announced for the benefit of taxpayers, there was no change in income tax slab rates. Disposable income is a substantial constraint on demand so personal tax relief must be addressed by revisiting the tax slabs and also increasing the deduction limit under Section 80C. Such benefits will provide crucial support to the real estate sector.

Our Director, Mr. Rakesh Reddy spoke with multiple publishers sharing his views and expectations from the Budget 2021. Click on the links to know more: