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View: Few strategies for finance minister on easy methods to tax the brand new regular

These beneficial amendments to the Earnings-Tax (I-T) Guidelines won’t price the exchequer a lot, and needn’t add to the price of the corporate as the present wage might be restructured to take care of the cost-to-company

Synopsis

Let’s start with the stark actuality of do business from home (WFH). At the moment, computer systems and laptops supplied by employers to be used by an worker don’t give rise to any taxable perquisite. However, provision of every other asset, say, a swivel chair, can be taxed as a perquisite within the fingers of the worker, on the fee of 10% of the unique price of the asset as decreased by any prices recovered from the worker.

Final yr’s Financial Survey launched ‘Thalinomics’ (bit.ly/2KbOcMi) to clarify what a typical particular person pays for a thali (of meals) throughout India. We do know {that a} thali stays incomplete with out some high quality touches, resembling a splash of pickle. This contact prices subsequent to nothing, but it goes a great distance in making the meals further scrumptious. 2020 has been a yr not like every other. Will the forthcoming funds present the wanted sprint of pickle?Let’s start with

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