Govt may offer more income tax deductions

Govt may offer more income tax deductions to those who invest in its infra projects

The present limit of income tax concessions is 2 lakhs. This can be raised. 2.5 lakhs, only those who invest in government infrastructure projects.
The finance ministry says it is offering income tax exemption to investors who fund funding for government infrastructure projects. The current limit is Rs. 2 lakh. This will be discussed.

At least Rs. 2.5 lakhs but additional deductions will be available for investments in government infrastructure projects.

Negotiations are being made to raise tax havens for higher taxes. Additional amounts are to be invested in the form of bonds or equity-linked savings schemes to invest in infrastructure projects.

 Higher tax benefits being good for all

This is the last full budget of the Narendra Modi government, which cuts the general election in 2019, with higher tax benefits being good for all. About 7.5 million taxpayers will be affected. At present, 80 cc, 80 cc of CCC, C Income Tax Act By Taxpayers will be given relief.

Provident Fund, Public Provident Fund, Offer to invest in life insurance premiums. Tuition fees, children, and their home tickets will be tax deductible. The National Pension System (NPS) has been allocated Rs 50,000 for investment.

The tax exemptions are aimed at maximizing taxes, but excessive disposable income is lost, so the exact energy of consolation will depend on the government’s finances.

The impact of the global economic crisis is the government’s fiscal commission, in the first year, the cost collection of goods and service taxes and the need to increase government expenditure for infrastructure development. Maintain popular action if the path of finance capital is through.

The government will give more money to these schemes and capital markets for higher tax concessions on government infrastructure projects and if an additional income of Rs 75 lakhs is to be paid, an additional Rs 7,500 crore will be created by an additional Rs 10,500 crore.

In the 2017 budget, the government reduced the tax rate to 10 per cent to 5 per cent and provided relief to those with income from Rs 2 lakh to Rs 5 lakh.

In 2014-15, the government increased tax deductions from Rs 1 lakh to Rs 1 lakh for NPS deposits.
The government is also keen on removing the interests of angelic church investors to raise funds initially. The government is trying to liberalize the criteria for lowering of investors in tax havens early on.

In the first few years, there was an urgent need for income tax returns for imperial investors in the startup sales, let’s see what you can do.

If Angel Investors initially invest in seed capital and evaluate the shares of the company and exceed the fair market valuation, this tax attracts a taxable income of 56 (2, VII B). During this time, Vendor Capitalists are exempt from this system. Startups that meet government definitions as a notification are likely to have their three year tax holidays in the first seven years.

It is necessary to avoid disputes and legal proceedings, provide a favorable investment environment, and make an exclusion from tax issues coming from validation.

 

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Certicom Consulting [ Kedia Arpana & Co ] is a group of Chartered Accountants in the business of Small Business Setup & Statutory Compliance including for Professionals for the past 15 years. We have been an established and popular company with an excellent track record for the best customer satisfaction.

Certicom Consulting

Certicom Consulting [ Kedia Arpana & Co ] is a group of Chartered Accountants in the business of Small Business Setup & Statutory Compliance including for Professionals for the past 15 years. We have been an established and popular company with an excellent track record for the best customer satisfaction.