A recent tweet by CNBC-TV18 stated that sources say the Government would also announce tax benefits under Section 80D. Interestingly, Union Budget 2023-34 is likely to focus on job creation as the government can announce a scheme to increase urban employment.
Government likely to increase tax benefits under 80D may be increased:
- Job creation to be a big focus in the budget, the government may announce a scheme to increase urban employment
- Scheme to support Gig workers with loans under consideration
- FM could nudge banks to lend more to MSMEs, with interest subvention and loans without collateral
- Government considering increasing subsidy under Kisan Samman Nidhi from ₹6,000 – ₹8,000
- FM likely to announce PLI outlay for labour intensive sectors with export potential and those which involve large number of MSMEs
Source from: https://twitter.com/CNBCTV18Live/status/1618868059271467008