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For every rupee in the government coffer, 53 paise will come from direct and indirect taxes, 36 paise from borrowings and other liabilities, 6 paise from non-tax revenue like disinvestment and 5 paise from non-debt capital receipts. According to the Union Budget 2021-22 presented in Parliament by Finance Minister Nirmala Sitharaman on Monday, goods and […]
Continue ReadingBudget 2021: In a bid to increase demand in the realty market, Finance Minister Nirmala Sitharaman on Monday announced to extend the additional deduction of up to Rs 1.5 lakh for interest paid on loans of purchase of affordable houses, up to March 2022. The deduction so far was allowed on housing loans sanctioned on […]
Continue ReadingIn a significant change amid digitalisation, Finance Minister Nirmala Sitharaman this year unveiled a `Made in India` tablet replacing the traditional briefcase before presenting Budget 2021. With the move aimed at a paperless Budget, now `bahi khata` (a ledger wrapped in a red cloth) has been completely removed from this year — a move to […]
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