Budget 2018: Expect tax benefits, infra push in Jaitley's please-all Budget
The tax exemption limit is
expected to be increased from Rs 250,000 per annum to Rs 300,000 or more, and
there could be some changes to tax slabs to lighten taxpayers' burden
BUDGET
NEWS : The budget 2018-2019, is likely to get some alleviation for every person
as it is the last full-fledged finances of the BJP-led government in advance of
the general elections in 2019 and the authorities is predicted to comply with a
please-all strategy. The authorities is diligently operating on various
permutations and combinations to arrive at the proper blend which ensures that
the tax burden isn't unreasonable and at the equal time enough sources are
mobilized for infrastructure improvement. We anticipate that the finance
ministry is running on a suggestion to boom the tax exemption restrict from INR
2.5 lakh per annum to INR three lakh or extra and introduce a few modifications
within the tax slabs to lighten the taxpayers' burden. The corporate India also
has top notch expectations from the approaching Union finances 2018 as this
will be the first submit-GST
budget and the final before the general elections of 2019. We count on a series
of populist rules in this year’s finances inclusive of reduction in corporate
tax to attract investments and deduction within the GST slabs as nicely.
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