Post Budget Reaction Quote | Myloancare.in

"Budget 2019 was an opportunity for the government to provide the much-needed relief deserving sections of the society and it lived up to the expectations by rolling out many such measures in today’s budget. The tax payers finally earned praise and reward of their contribution to nation building as the government increased the income tax exemption limit to Rs 5 lakh and an increase in standard deduction limit. Similarly, the farm sector has been extended direct income support, the GST compliant MSMEs get easy access to loans and the unorganized sector has now been covered under a pension scheme, the first of its kind in India. The real estate sector and home buyers can cheer for measures such as capital gains tax exemption on gains of upto Rs 2 crore even if sale proceeds are invested in two properties and extending the tax exemption on notional rent on unsold real estate inventory to two years instead of 1 year earlier. The budget also highlights government’s commitment towards rapid digitalization, online economy and simplification of tax procedures which should further improve ease of living and ease of doing business in India. Though the fintech sector wasn't a prime focus as it has always been over the recent years, we are of the view that fintech-centric collaborations will also be announced during the full budget later this year." We feel that the budget had all the positive notes and is a step forward in the right direction." Gaurav Gupta, Co-founder and CEO, MyLoanCare.in