Budget 2022 Expectations: Concessions in direct taxes, REITs, InvstITs taxation changes, custom duty relief

Finance Minister Nirmala Sitharaman is expected to present the Union Budget on February 1, 2022. 

New Delhi: Finance Minister Nirmala Sitharaman is all set to present the Union Budget 2022 on February 1, 2022. A few days ahead of the Budge 2022 presentation, HDFC Bank, in its report titled ‘Fiscal Balance and Budget Expectations’, pointed out key 'asks' of different stakeholders. 

Here’s what HDFC Bank said in its Fiscal Balance and Budget Expectations report: 

1. HDFC Bank said, "On the Direct taxes front, some key concessions are sought to promote broader macro goals like employment. For instance, there is a proposal to enhance the monetary limit for deduction in respect of employment of new employees u/s 80JJAA from Rs. 25,000 per month to Rs. 1 lakh per month."