https://www.taxtmi.com/news?id=17309 A proposed recast of direct tax measures seeks to stimulate the post demonetisation economy by raising the personal income tax exemption threshold, increasing the Section 80C deduction limit, expanding the housing loan interest deduction, and reducing the lock in period for tax exempt bank fixed deposits. These concessions are expected to be offset by receipts from an income declaration scheme and cancelled central bank currency liabilities, while fiscal policy signals a preference for investment led growth and targeted stimulus to sectors like agriculture and SMEs. en-us Mon, 23 Jan 2017 14:24:14 +0530 Mon, 23 Jan 2017 14:24:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=17309 A proposed recast of direct tax measures seeks to stimulate the post demonetisation economy by raising the personal income tax exemption threshold, increasing the Section 80C deduction limit, expanding the housing loan interest deduction, and reducing the lock in period for tax exempt bank fixed deposits. These concessions are expected to be offset by receipts from an income declaration scheme and cancelled central bank currency liabilities, while fiscal policy signals a preference for investment led growth and targeted stimulus to sectors like agriculture and SMEs. News - Mon, 23 Jan 2017 14:24:14 +0530 https://www.taxtmi.com/news?id=17309