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Budget 2021

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#1 by sonyjmn » Mon Feb 01, 2021 06:21

for senior citizens above 75 years no need to file IT returns

More amount allocated to infrastructure

For NRI no double taxation

Who have EPF scheme if amount exceeds 2.5 lakh it is taxable

Cheap commodities Gold and Silver

Costly commodities Mobiles Steel utensils and Clothes and Leather items

For NRI stay in India for 120 days before it was 180 days

Deposit Insurance Corporation extended deposit for 5 lakh from 1 lakh in case banks shut off then to all depositors they will pay 5 lakh

During budget the stock market graph turned to green and high numbers

For health care sector 137% more funds were allocated by Govt
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#2 by suraraj » Mon Feb 01, 2021 06:57

A gimmick.
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#3 by Arvind9 » Mon Feb 01, 2021 07:47

Technology and innovation is only for completing surveys not to have it because most people will not be able to afford it,a budget gives some takes everything,the taxes will hit everyone and give rise to corruption and black money,the change is amazing people dont have money in the bank but can buy a house two cars luxury with cash,and dont pay taxes,government only troubles honest tax payers but is unable to do anything about people living lavishly on cash,the budget is only a farce to make life difficult for common people
Why are farmers agitating because government is not prepared to give minimum support price for their produce in laying ground for corporates to enter the farming sector,where farmers can sell their produce set by corporates there will be no wholesale market to sell the produce with MSP,corporates will make money selling farm produce at a higher price than it is now,government control will become minimal
Last edited by Arvind9 » Mon Feb 01, 2021 08:10 » edited 1 time in total
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#4 by sonyjmn » Mon Feb 01, 2021 08:30

This budget not said anything about tax slab rates

It is same as previous year tax slab rates

This year only EPF will be taxable if exceeds 2.5 lakh

For common man will be difficult

Old vehicles which are over 20 years are scraped
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#5 by Arvind9 » Mon Feb 01, 2021 09:00

Indirect taxes are hiled every year on products used by common people Indirectly everyone pays taxes,it is not mentioned in the budget its applied as the government requires it then state government will levy additional taxes to increase revenue,more things will be bought under GST where again rates will be hiked so whatever concession government gives is taken back through indirect taxes
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#6 by Darkstar2 » Mon Feb 01, 2021 09:16

what you describe is typical and happens in Canada all the time - always be suspicious when politicians suddenly makes good news and has all the money to give, and gives everything people want and says everything investors want to hear - in the end money does not grow on trees, politicians give on one side but always find a way to take more on the other side, that's politics 101 for you - and usually politicians are generous during their re-election year or when the economy is down.

This pandemic has caused severe damage to economy and people's morale, so all these measures are just a band-aid, once this pandemic is over with someone has to pay that huge bill, and in an ideal world, it should be China that pays the bill because they are responsible for this pandemic and the hundreds of trillions + this pandemic has cost, aside from the 2 million + lives........... who the F is going to pay for all this ? Well, it's the current and future generations that will pay the price for the pandemic, probably 2nd worst pandemic in history. It's not the RICH who will pay for this, no, the rich will get richer through corruption, it is the working class and poor will will become poorer.
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