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Positive for senior citizens but disappointing for home loan borrowers

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moncler outlet jackets The Budget 2018 announcement of extending 25% corporate tax slab to firms having annual turnover of up to Rs 250 crore will provide the much needed relief to the micro small and medium enterprises (MSME) sector. Till now, the 25% tax slab was available to firms with annual turnover of Rs 50 crore. The reduction in tax slab will help increase their investible surpluses, which then would be cheap moncler outlet available for capacity expansion and job creation. The allocation of Rs 3 trillion under the Mudra moncler outlet sale Scheme for FY 2018 19 will also address the issue of insufficient disbursal of institutional credit to MSMEs. moncler outlet jackets

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moncler sale Among all tax payers, senior citizens will benefit the most from Union Budget 2018. The steady decline in bank and post office fixed deposit rates has hit them hard as most of them park their retirement savings in bank and post office deposits to generate regular income for their expenses. This budget has tried to address this issue by raising the deduction of interest income on senior citizen bank and post office deposits from cheap moncler coats Rs. 10,000 to Rs. 50,000. The increase in Section 80D deduction for health insurance premium and/or medical expenditure from Rs 30,000 to Rs 50,000 will also help them to buy old age health covers and cope with rising health costs. The Budget has also merged the existing separate deduction limits available under Section 80 BB for treating certain critical illness and increased the upper limit to Rs 1 lakh for all senior citizens. Despite this, the proportion of retail investor segment remains cheap moncler dismally low when compared to advanced economies. With the reintroduction of this tax, equity investing will become less attractive to the retail investors, thereby slowing down the shift of household savings towards equities. Instead, increasing the moncler outlet online holding period for claiming LTCG exemption from one year to threee years would have yielded better results. This would have promoted long term moncler sale equity investing and generated higher revenues through short term capital gains tax. Currently, short term capital gains on equities attracts a moncler mens jackets higher taxation rate of Cheap Moncler 15%. moncler sale

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moncler factory outlet Urban housing shortage for low income groups (LIG) and economically weaker sections (EWS) contribute about 95% of the total housing shortage in India. While setting up a dedicated affordable housing fund in the NHB is certainly commendable, making Section 80EE a permanent feature would have boosted the demand in this segment. moncler outlet store Under this Section, first time home buyers of properties below Rs 50 lakh and loan amount within Rs 35 lakh can claim an additional deduction of Rs 50000 for home loan interest payment over and above the cheap moncler sale Section 24b deductions. Similarly, extending tax deductions available under Sections 80C and 24b to pre construction period would have allowed borrowers to moncler outlet claim higher deductions, thereby increasing their disposable income for investment and consumption. moncler factory outlet

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cheap moncler Promoting digital transactions was one of the major aims of demonetisation. Since then, both the government and the RBI has taken several initiatives to incentivise digital transactions. Budget 2018 was a perfect opportunity to announce more incentives for digital payments, such as waiving off MDR on transactions of up to Rs 2,000 on credit cards or waiving off 2 Factor Authentication (2fa) for digital transactions of up to Rs 5,000 for increased ‘ease of use’. It could have also implemented the proposal of 1 3% waiver in GST rates for digital transactions to moncler sale outlet nullify the higher cost of digital transactions for smaller merchants and informal sectors cheap moncler.

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