MUMBAI, 27 JANUARY, 2022 (GPN): The Institute of Chartered Accountants of India suggested the Finance Minister to increase the benefit given under the deductions for Section 80C by Rs.1,00,000 against the previous figures of Rs.1,50,000 for investments.
Harsh Bharwani, CEO and Managing Director of Jetking Infotrain, has expressed his view on the budget below:
“India gets only 2% revenue through Income Tax but causes massive liquidity crunch in the economy. The elimination of Income tax will give a massive boost to the lower middle class and middle class section of the society. This inturn will give them a chance to invest more in their child’s education which will help in the upskilling of our country. Massive growth and development can be achieved if the youth of our country is educated and has employable skills Currently educational institutes have tax relief, the same should be continued.”
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