COVID-19 Cess, Increase In Section 80C Limit; Here's What Financial Planners Want From Budget 2021

INSUBCONTINENT EXCLUSIVE:
Budget 2021: The Central cess collections are not shared with states under revenue devolutionBudget 2021: Union Finance Minister Nirmala
Sithraman has promised that Budget 2021 will be one like never before
have contracted by eight per cent
taxpayers
This will cover tax free items and resolve confusion regarding classification and rate of tax
Agarwal, Partner, Mahesh K Agarwal - Co
allowed to be utilized for payment of SGST output liability of other state
It will help in the reduction of cost and prices of goods and services
Experts also believe that the buyer's input tax credit (ITC) should not be restricted if the seller has not remitted tax to the government,
increase in demand from policy holders.