How Can you Make 2018 BUDGET
How Can you Make 2018 BUDGET – Budget of 2018 is going to be presented on 1st of February. Everybody is expecting the outcomes in his own way. There is a lot of hope among small and medium enterprise sectors . Small traders and businessman are expecting provisions in budgets which provide them sufficient strength to stand firm against corporate and multinational companies. Chairman of MSME Development forum Mr. Rajnish Goyanka said that Modi Government has taken so many steps that have helped MSME sector a lot. In spite of these there are so many issues which are needed to be solved , and without solving all these problems of small businessmen and traders cannot be supposed to be rectified..
There is a lot of hope in peoples regarding the income tax limit extension and relief on home loan interest. From economists to industrialists all have asked the government to extend the income tax limits from 2.5 lakhs rupees to 3 lakhs rupees and in the same way 1.50 lakhs of relief provided under 80C should be extended to 2.0 lakhs.
Some other reliefs that peoples are expecting are; interest payment relief on housing loan should be extended from 2.0 lakhs to 2.5 lakhs. The income earned through interest on saving bank account which is currently taxable beyond the limit of 10000, which limit should be extended. Tax saving term deposit lock-in period should be reduced to 3 years from 5 years.
With all these hopes and demands peoples are looking patiently towards the disclosing of upcoming budget.