The Union Budget for 2021-22, Fund Serve Nirmala Sitharaman said that the Budget recommendations for this monetary year rest on six columns — health and well-being, physical and financial capital and infrastructure, inclusive development for aspirational India, reinvigorating human capital, advancement and R&D, and 'Minimum Government, Greatest Governance'.
Here are a number of highlights of the 2021 Union Budget displayed by Fund Serve Nirmala Sitharaman.

For New companies and Trailblazers, the FM reported that the OPC (One person company) can be consolidated without a constrain for turnover or paid-up capital. This moreover permits NRIs to join OPC in India.

FM declares the pre-filled ITR in Budget2021: Compensation, Assess Installments, TDS are as of now pre-filled. Capital Picks up, profit salaries, and intrigued pay will presently be pre-filled..

Income Tax

• No IT Returns filing for those above 75 earning from pension and interest from deposits.

• Additional deduction of Rs1.5 lakh on home loan interest extended till march 2022

• Reopening window for IT assessment cases reduced from 6 to 3 years.

Economy & Finance

• Fiscal deficit stands at 9.5% of the GDP; estimated to 6.8% in 2021-22.
• Proposal to allow States to raise borrowings of upto 4% of GSDP this year.
• Two PSU bank and one general insurance firms to be disinvested this year.
• An IPO of LIC to debut this fiscal.
  

Infrastructure

• Highway and road works announced in Kerala, Tamil Nadu , West Bengal and Assam.
• National Rail Plan created to bring a future ready rail system by 2030.
• Vehicle scrapping policy to phase out old and unfit vehicles.
• Metro services announced in 27 cities.

Education

• 100 new sainik schools to be set up
• 750 Eklavya schools to be set up in tribal areas.
• A central University to come up in Ladakh.

Health & Sanitation

• PM Atma Nirbhar Swasthya Bharat Yozana to be launched to develop healthcare.
• Mission POSHAN 2.0 to improve nutritional outcomes across 112 districts.
• Jal Jeevan Mission Urban aimed at better water supply nationwide.