Important takeaways from Union Budget 2021

The Union Budget 2021 has proposed to reduce the time limits for general assessment or processing of income tax return by three months and also for filing of income tax returns. This will bring certainty in income tax proceedings and this means the income tax department will have to process the ITR by December 31, 2021 instead of March 31, 2022.

• Home loan
• Incentivise home buyers and real estate developers
• EPF contribution
•  LTC
• TDS