Realty Loan
We offers customized Real Estate Loans to salaried and self-employed individuals.
Whether you’re looking to purchase, construct, or renovate a home, We are the one-stop solution for your housing / realty loan needs. You can get finance easily, with simple eligibility terms and a minimal requirement for documentation. You can also refinance your existing house loan through the Balance Transfer facility and avail a top-up loan when doing so. Through the Property Dossier facility,
01/02/2021
1. Time limit for re-opening of assessment reduced to 3 years from 6 years.
2. Relaxation from filing ITR for senior citizens (having income from pension & interest) aged above 75 years.
3. Faceless ITAT system will be implemented.
4. Pre-filled data of capital gains and dividend shall be incorporated in ITR Forms.
5. Limit for the purpose of exemption U/s 10(23C)(iiiad) raised from ₹ 1 crore to ₹ 5 Crore.
01/02/2021
Please find below Highlights of *Union Budget 2021-22*.
*General*
1. First digital Budget in the history of India
2. Vehicle Scrapping Policy. Vehicle Fitness Test after 20 years in case of Personal vehicle and 15 years in case of commercial vehicles
3. 64,180 crores allocated for New Health Schemes
4. 35,000 crores allocated for Covid Vaccine
5. 7 Mega Textile Investment parks will be launched in 3 years
6. 5.54 lakh crore provided for Capital Expenditure
7. 1.18 lakh crore for Ministry of Roads
8. 1.10 lakh crore allocated to Railways
9. Proposal to amend Insurance Act. Proposal to increase FDI from 49% to 74 %.
10. Deposit Insurance cover (DICGC Act 1961 to be amended). Easy and time bound access of deposits to help depositors of stress banks.
11. Proposal to revive definition of ‘Small Companies’ under Companies Act 2013. Capital less than 2 Cr. and Turnover Less than 20 Cr.
12. Disinvestment: IPO of LIC, Announced Disinvestment of Companies will be completed in FY 2021-22
*Direct and Indirect tax*
1. Senior Citizens: Reduced Compliance burden. 75 years and above. Proposal not to file ITR if only pension income and interest income.
2. Reduction in time for IT Proceedings: Reopening of Assessments period reduced from 6 years to 3 years except in cases of serious tax evasion cases
3. Proposal to constitute ‘Dispute Resolution Committee’. (Taxable income 50 lakhs and disputed income 10 lakh).
4. National Faceless Income Tax Appellate Tribunal Centre
5. Relaxations to NRI: Propose to notify rules for removing hardship for double taxation.
6. Tax Audit Limit: Proposal of tax audit increased from 5 Cr. to 10 cr. (Only for 95% digitized payments business)
7. Propose to provide relief on advance tax liability on dividend income.
8. Propose to include tax holidays for Aircraft leasing companies
9. Prefiling of returns (Salary, Tax payments, TDS etc.) Details of Capital gains from listed Securities, dividend income, etc. will be prefilled
10. Small Charitable Trusts. Increased from 1 crore to 5 crores (Compliance limit)
11. Late deposit of employee’s contribution by employer will not be allowed as deduction
12. Incentive to startup: Tax holiday exemption for one more year
13. Duties reduced on various textile, chemicals and other products
14. Gold and Silver (BCD reduced)
15. Agriculture Products: Custom duty increased on cottons, silks, alcohol etc.
25/01/2021
Happy new year! wishing you all the happiness!😊
My heartiest greetings and best wishes to all my friends and Family Members. May this grand festival of happiness and light bring delight, peace and prosperity to each and every Member of our Family. We all together pray from God to give us strength to overcome this pandemic and gives all of us “SUKH AND SAMRIDHI”- Happy Diwali👣🙏