Budget 2021 has removed the tax exemption status to interest accrued on investments in employees provident fund exceeding Rs 2.50 lakh per annum.
Nirmala Sitharaman said the budget is trying to raise non-tax resources at a time when a lot of money has to be spent.
He said Ulips still continue to be a tax efficient asset class for small investors.
She said budget was good as it was growth-oriented and also it did not increase any taxes.
This was a strong, positive growth-oriented budget with a focus on infrastructure spend.
Finance Minister Nirmala Sitharaman delivered a budget which has been hailed as 'bold' and 'growth-oriented'.
Real estate projects, including residential ones, in NCR cities of Noida, Greater Noida, Ghaziabad in Uttar Pradesh, and Gurgaon and Faridabad in Hary
Sensex witnessed mild profit-booking at higher levels but managed to end the day at fresh closing peak of 50,255.75, up 458 points or 0.92% while Nift
He said a tax return is picked up for scrutiny only in case of mismatch and where multiple red-flags are being shown by the system.
He said the continuing modest allocation towards the healthcare sector would make it challenging for the government to meet its target of public secto