The thinking seems to be that a tax hike may not go down well at a time when there is a sense of expectation that UPA 2's first budget will have a feel-good touch.
Budget: Rs 3 lakh I-T relief on home loan?
The urban development ministry has also recommended that the income tax exemption limit om rental income be raised to 50% from the existing 30%.
Budget may provide tax benefit to NPS holders
The Budget would provide tax exemption to individuals at the time of entry to encourage them to opt for the scheme.
Small saving schemes back in vogue
Since banks' deposit rates have come down substantially, there is a renewed interest in small saving schemes.
Govt may plug gaps in tax evasion laws
Govt is set to frame anti-abuse rules that will empower tax authorities look for 'avoidance' transactions. Plan tax investments early and Get ready to file your IT returns
Pranab may restore standard deduction in Budget
In order to provide relief to salaried class, govt may prefer route of restoring standard deduction rather than increasing income tax slabs
source;The Economic Times
0 comments:
Post a Comment