Sitharaman should grant tax benefits to the common man, eliminate MAT in the budget: experts – Newsjizz

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  • Last Updated on 28 October, 2020
June 9, 2019
 
Chartered Accountant, Naveen Wadhwa, DGM, Taxmann.com said:

 
 

The first government of the NDA in its first Budget of the Union presented in 2014 had increased the limit of tax exemption, the interest on housing loans and the deductions of Section 80C of the Law of you. But in the following consecutive budgets, it did not give many benefits to individual taxpayers. 
 
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The government should consider raising the tax-free income limit to at least Rs 3.5 lakh, Rs 3 lakhs for deductions from Section 80C and Rs 3 lakh for interest on housing loans. 
 
By increasing the deduction limit under Section 80C and for the interest on housing loans, the government will be able to channel more savings into the economy and secure housing for all under the Pradhan Mantri Awas Yojana, he said. 

 

 
 

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