The Live Nagpur
  • Nagpur City
  • Nagpur Education
  • Nagpur Sports
  • Business
  • Featured
  • Crime
  • Entertainment & Lifestyle
  • Health & Wellness
  • Nation
  • Politics
  • Trending
  • Vidarbha
  • Obituary

The Live Nagpur

  • Home
  • City
  • Politics
  • Business
  • Education
  • Entertainment
  • Sports
  • Health
  • Crime
  • Forest
  • Featured
  • Vidarbha
Nagpur City

Nation more attractive for investment now – Shrawan Kumar Malu

by TLN Team February 1, 2020February 1, 2020
written by TLN Team February 1, 2020February 1, 2020

With Corporate Tax brought down to lowest in the world to 22% and for new manufacturing companies to 15% and abolishing dividend distribution tax (DDT) for companies as the same will now be taxed at the hands of recipients at applicable rates will surely make India much favourable & attractive for investments.

Big boost to startups & MSME by the finance minister. Direct tax rates now will benefit middle class a lot. Making filling of returns simplified for GST as well as Income Tax is welcome move. Removal of multiple exemptions will surely make taxpayers much easier to file return.Extending tax holiday for Affordable Housing by one year will give some more relief to real estate sector. I am sure this budget will boost income and purchasing power of the people. Shrawan Kumar Malu President Vidarbha Taxpayers Association (VTA).

Achhe Din for Taxpayers – Tejinder Singh Renu

Union Budget presented today is a big leap towards achieving promise by the Modi government of acche din for the taxpayers. Lowering tax rates by increasing threshold limits will benefit taxpayers to a large extent.

Likewise steps towards simplification of return are a welcome step. Classifying budget broadly into three themes made understanding budget allocations easy.

Promoting ‘Study in India’ is again a motivational and much needed move. Tourism is also given focused allocation of Rs 2500 crores, however this area has much more scope. Taxpayers should take advantage of ‘vivad se vishwas’ Amnesty Scheme proposed for pending litigation at any level. Faceless assessment and proposed appeals is appreciable steps. Shall eagerly wait for proposed Taxpayers Charter, which should highlight taxpayer’s rights. Tejinder Singh Renu

Secretary Vidarbha Taxpayers Association (VTA)

0 comment
FacebookTwitterLinkedin
TLN Team

previous post
“Budget unlikely to address current economic woes”- CA Umang V Agrawal,
next post
With the new system of FASTag,ST buses are facing another financial burden

You may also like

Trees uprooted in many parts of east Nagpur...

June 7, 2023

Event to mark birth centenary of litterateur G...

June 7, 2023

NTPC Mouda Organized Closing Ceremony of Girl Empowerment...

June 7, 2023

BabyVerse offers a masterclass on parenting by Dr....

June 7, 2023

Smart traffic booths Waits For inaugration, Now targeted...

June 7, 2023

Maha govt levies pay Fire and Emergency Fee...

June 6, 2023

Water supply to remain disrupted in areas around...

June 6, 2023

‘Open heart surgery’ on 9-month-old baby;

June 6, 2023

Heatwave resumes: Nagpur records 43 degrees Celsius, Bramhapuri...

June 6, 2023

Ajni-Amravati Express trains to run as MEMU

June 6, 2023

Trending News

  • With 29% rise, Maharashtra attracts highest FDI

    June 7, 2023
  • Cricket fever on! Will rain spoilsport Ind vs Aus mega clash?

    June 7, 2023
  • Apple launches the thinnest MacBook Air with 18-hour battery life.

    June 6, 2023
  • Coromandel express accident: Train derailment in Odisha leaves over 200 dead, 900 injured

    June 3, 2023
  • Block spam calls using this step-by-step process

    June 2, 2023

Important Links

  • Politics
  • Crime
  • Business
  • Education
  • Entertainment
  • Sports

Available on Playstore & Coming Soon on Appstore

Sign-Up Form

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

Footer Logo
  • Nagpur City
  • Nagpur Education
  • Nagpur Sports
  • Business
  • Featured
  • Crime
  • Entertainment & Lifestyle
  • Health & Wellness
  • Nation
  • Politics
  • Trending
  • Vidarbha
  • Obituary
  • Privacy Policy
  • Cookie Policy
  • Terms Of Use
  • Advertise with Us

© 2020 - The Live Nagpur . All Rights Reserved.