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Thursday, Oct 17, 2019

Budget 2019: How your taxes and investments could be affected by the budget

Budget 2019: Experts are divided on whether the government will stick to the norm of presenting an interim budget in an elelction year or will they make big ticket announcements

budget Updated: Feb 01, 2019 13:29 IST
HT Correspondent
HT Correspondent
Hindustan Times, New Delhi
Sniffer dogs check Budget 2019 papers on Parliament House premises in New Delhi on Friday.
Sniffer dogs check Budget 2019 papers on Parliament House premises in New Delhi on Friday.(Arvind Yadav/HT Photo)
         

Budget 2019, the last for the NDA government, will be announced soon. Though no big ticket announcements are expected experts are divided on whether sops will be given since it’s an election year, reports Livemint

Will the government stick to the norm of presenting an interim budget in an elelction year or will they make big ticket announcements? We’ll have to wait and watch .

(Read: Live updates on Budget 2019)

From a personal finance standpoint, tax relief is a major hope from the budget. But some analysts feel is better to not set the hopes too high.

Click on this link to calculate your income tax

Watch: People’s expectation from Interim Budget 2019

READ: Modi govt plans to raise rural spending by 16% in budget , say reports

Housing is another area that is expected to see some announcements. In an effort to achieve the target of ‘Housing for all by 2022’ the budget may introduce or increase some benefit for home buyers.

Reports have also suggetsed the budget may introduce debt-oriented new schemes that will offer tax deduction to investors. Click here for details on what experts have to say.

First Published: Feb 01, 2019 09:40 IST

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