720 (Income tax) How does raising 80 C etc limits help industry growth (Hindi) Video Link - https://youtube/watch?v=Ox_aqtQxlgE Often you may read in the economics times that the PF funds , infrastructure companies approach the finance ministry to raise the savings limit so that their industry can benefit How does this happen? This industries want public to invest in them Public judiciously invest seeing tax benefit in each such investment For example , if i invest 1 lakh in Provident fund , i know any further investment in this section is waste ...indirectly investing any further in Providend fund , life insurance etc etc plans will fetch me no more benefit So , ma New York Life insuarnce will take a leap if Finance minister raises the limits of 80 C to 2 lakhs ...whereby now i will even after exhausting 1 lakh invest further knowing that i have more 1 lac to consume as savings So , now when i finish the balance quota , i am actually investing in 80 C permissible investments ---thus industries to do with PF , insurance etc etc So , one can see how increasing limits help government promote growth of the industries related to the sections that govt raises the limit for So increasing 80 C will help the real estate , PF , insurance , etc industries , 80 D will help the medical insurance companies , 80 E will help increase the growth of educational financing bodies etc etc Study like this and you will never need a book again ! Peace , Amlan Dutta
Posted on: Fri, 04 Jul 2014 03:06:01 +0000
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