Though it will be difficult for the government to give out too many tax sops, ET Wealth believes there are some areas that need fixing. For instance, the Rs.1.5 lakh deduction limit under Section 80C was last revised more than eight years ago in 2014. For many Indians, tax saving is a key driver of investments. But the stagnant Section 80C deduction limit means they have not seen any reason to save more.
from Tax-Wealth-Economic Times https://ift.tt/d9vnhay
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