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On disinvestment target of Rs 1.75 lakh crore for the next fiscal year, Kumar said a lot of preparatory work has already been done in the past 8-9 months, and now market conditions have changed.
Currently, withdrawal from overseas retirement funds by residents is taxable on a receipt basis in such foreign countries and on accrual basis in India, resulting in timing mismatch. A new Section 89A is proposed to be introduced to address this concern.
In an interview with Money9, Rajiv Bajaj shares his views about the Budget and what it holds for the markets and the common man.
The acceptance of higher deficit and restoring systems to normal is the first step to any economic recovery.
Khara said the budget has rightly recognised the role of core equity capital in financial sector by increasing the FDI limit in insurance companies to 74%.
Budget 2021 was touted to be a once-in-a-century budget. Unfortunately, and no matter what anyone says, this budget does not rise to the occasion.
The Finance Minister has let the personal income tax regime remain as is it. She has chosen stability in the tax regime over repeated tinkering with the tax structure.
With an aim to address the need of affordable housing for migrant workers, the finance minister announced tax exemption for notified affordable rental housing projects.
With an objective to provide better impetus to the ailing economy, the government choose infrastructure and healthcare sector as two big themes in the Budget 2021.