Catch all the Budget 2020 action on Zee Business with Anil Singhvi and top market experts on February 1
What is Union Budget 2020 going to be for the common people? Will there be any Income tax relief? This question is common with every taxpayer in the country.
What is Union Budget 2020 going to be for the common people? Will there be any Income tax relief? This question is common with every taxpayer in the country. There are many more such questions on a range of topics. So, if you want to find out whether there is any benefit likely for you, then get all the answers on Budget 2020 through Zee Business Managing Editor Anil SInghvi on February 1.
Anil SInghvi has revealed his big three 3 demands that Finance Minister Niramala Sitharaman should look at. What are these demands? Check below:
First Demand: Relief in Income Tax
On his first demand, SInghvi said that there should be relaxation in tax for the people who earn Rs 15 to Rs 20 lakh annually. By doing this, liquidity will increase among consumers, which will eventually help economy to grow faster. According to Singhvi, if consumers have money in hand, their purchasing power will increase. The relaxation can be provided in 2 ways, first slashing GST slabs or it can be done through deduction relief.
Second Demand: Removal of LTCG to boost share market
On his second demand, Singhvi said that Long Term Capital Gain (LTCG) should be removed. LTCG is the reason for bad market sentiment and its not that beneficial for the investors as well. Government will get benefit from move too.
Third demand: Importance to the employment oriented policies
On his third demand, Singhvi said that there should be an increase in employment for the youth or those who are seeking jobs. Old companies are getting closed and the ones that are operating are not being able to expand their business. Also, there's a lack of employment opportunity in government companies.
Singhvi added that if you want to boost your economy then employment opportunities should increase.
So, if finance minister accepts these demands, markets will boom!
Earlier, Singhvi had raised the demand for a corporate tax cut, and this was fulfilled by the Finance Minister Nirmala Sitharaman.
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