Govt's fiscal position and what to expect from Budget 20225 min read 17 Jan 2022, 05:12 PM IST
Important tax measures that govt could consider including in Budget 2022 are higher standard deduction for individuals, enhancing the limit on interest on home loan for individuals, and recognising the business requirement of work-from-home for unburdening the individuals
In last year’s Budget, the finance minister announced pillars on which her proposals would rest. These were creation of physical and financial capital, speedy infrastructure development, attention to health and wellbeing, reinvigorating innovation and R&D, improving on human capital, and minimum government and maximum governance. At the time the Budget was presented, the first wave of the pandemic had already swept the country and the world, and the second pandemic wave loomed large in the not-so-distant future.
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