Mangaluru: Although the general election remotely, the salary class is expected to be more than the union budget because of the corona crisis but has been disappointed because there is no relief that comes through direct tax.
While the industry has several points to cheer in the budget.
The rooms are welcomed the e-passport and unified logistics interface, the University of Digital and PM e-Vidya, as well as various business-friendly steps including an extension of the emergency credit line guarantee scheme, a battery exchange policy.
“However, there is no specific scheme to revive the Post Pandemic MSME sector must be immediately revived,” said KCCI President Shashidhar Pai Maroor.
Accountants Chartered Nitin J Shetty said the government had found a way to prevent people from investing in crypto currency.
“We must appreciate that the government indirectly legalizes Crypto by involves a profit of 30% and does not allow any pieces other than costs.
Losses from other businesses cannot depart with this income.
Even the gift Crypto will be taxed at the receiving hand with 30% , “he said.
He appreciates other provisions that provide an opportunity to assessment to voluntarily propose a new renewed return within two years from the year of assessment if he has missed declaring certain income.
Other CA Naveen Narayan has a different budget.
“Although the overall budget looks good from a market perspective, the government can provide further encouragement to the housing sector by increasing the steps of tax benefits,” he said.
Aditya Mohan Jadhav, professor of finance, regional seats – Accounting, Economics and Finance, Tapmi, said initiatives for the higher education sector, mainly established a digital university and enabled world-class universities to offer programs in the gift cities are welcome.
“We hope this initiative is a tagging of the education sector that opens into world-class universities,” he said.
The Canara Plastic Manufacturer Association (CPMTA) shows that even though the Emergency Line (ECL) has been extended until March 202, there is also an announcement of the RS 6,000 Crore program to assess MSMEs for the next five years.
“But there is no specific scheme to revive the pandemic sector,” said Ba Nazeer, president of the association, added MSMEs need to be revived immediately.
Vishal Salian, President, District Small Industries Association agreed and said the ECL expansion was a welcome step when Covid-19 almost agreed to the MSME sector.
He warned that the government must ensure the bank applies and continues the scheme.
Rateesh Suvarna, an employee of a salary working in a private company, said he expected many soups for the middle class when they were hit hard by a pandemic.
“At least to say that we are very disappointed with the budget,” he said.