Bitcoin mining is like any other business where you have to invest capital and labour to generate returns, he said.
He said Ulips still continue to be a tax efficient asset class for small investors.
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.
Unit linked insurance plans offers a combination of both investment and insurance. It offers a chance to invest in stock markets including government and corporate bonds, as per the preference of the policyholder.
Following the announcements, gold futures fell more than Rs 900 at 1.84% and is currently trading at Rs 48,430.
Currently, an individual can invest up to 12% of basic salary (including dearness) in EPFO. But through voluntary contribution, this limit can be increased to 100%.
No Income Tax Return (ITR) filing for senior citizens above 75 years having pension and interest income.
The budget must address the distinct economic role played by women and play the role of a facilitator in increasing their share in the workforce by bringing back those who have left.
"We can now help the government in formulating the regulation. This is something that we have seen in other countries also," he said.
According to the EPF rules, for buying a house, flat or under construction property, you can maximum withdraw up to 90% of the accumulated balance in one's EPF account, subject to the cost of asset to be acquired.