Chennai, Feb. 1 -- "Income Tax slab rationalisation will put more money
in the hands of people and is likely to increase affordability and boost
consumption.
Reacting to the Union Budget presented by Finance Minister Ms Nirmala
Sitharaman, Sundaram Home Finance (SHF) MD D Lakshminarayanan
said increasing exemption for 2 houses as self-occupied is a move to
reduce tax impact and will lead to increased investments including in
housing.
Wheels India MD Srivats Ram said, "Capex at Rs 10.18LCr is a big positive
and will have a multiplier effect both upstream and downstream.
Tackling inverted duty structure benefitting EV, electronics and batteries, the
changes in the income tax slab and exemptions are good initiatives that are
like...