New Delhi: There is currently under a month left for the introduction of the Union Budget 2022-23 and the finance ministers of the states, aside from the stakeholders, made ideas to Finance Minister Nirmala Sitharaman. List is given.
In the mean time, the Institute of Chartered Accountants of India (ICAI) has likewise sent its suggestions and suggested raising the maximum annual deposit limit of PPF to Rs 3 lakh. Allow us to let you know that this year the budge session will begin from February 1 and Union Finance Minister Nirmala Sitharaman will introduce the annual budget in Parliament on this day.
ICAI suggested
As per reports, the Institute of Chartered Accountants (ICAI) has recommended to Finance Minister Nirmala Sitharaman to increase investment limit of Public Provident Fund (PPF) to Rs 3 lakh from the current Rs 1.5 lakh.
PPF is the main safe and assessment compelling reserve funds scheme
In this suggestion of ICAI, it is important to expand the deposit limit of PPF, as it is the main safe and expense powerful investment funds plot. ICAI likewise said that it accepts that the increment in PPF deposit limit will support family reserve funds as a level of GDP and have an enemy of inflationary impact.
Key Suggestions of ICAI
The annual limit of commitment to PPF ought to be expanded from the current limit of Rs 1.5 lakh to Rs 3 lakh.
The maximum limit of allowance under segment CCF can be expanded from Rs 1.5 lakh to Rs 3 lakh.
The quantum of allowance under segment 80C is being expanded from Rs 1.5 lakh to Rs 2.5 lakh to give open doors to reserve funds to people in general on the loose.
Union Budget 2022-23 will be introduced in Parliament by Finance Minister Nirmala Sitharaman on February 1, 2022.What is PPF?
Public Provident Fund or PPF is perhaps the most well known, long haul investment choices in India. This is a reserve funds plan for investors to save a long after retirement.
