Discover how the Finance Bill 2023 aims to support the growth of Indias economy in Amrit Kaal with income tax and GST proposals. Find out the highlights of these proposals now.
UNION BUDGET 2022-2023 HIGHLIGHTS OF THE FINANCE BILL, 2022 The fourth Union Budget presented by the Finance Minister Smt. Nirmala Sitharaman on 1st February 2022; was like a booster dose for the economy in the endemic/post-pandemic era wherein the Government has chosen to lead the path by heavily increasing the capital expenditure to create a […]
The third Union Budget (in the Second Term of Prime Minister Shri Narendra Modi led Government) presented by the Finance Minister Smt. Nirmala Sitharaman on 1st February 2021; was unique for various reasons-it was delivered digitally, first budget in post COVID imposed lockdown; one of the budgets wherein government has chosen to go past the […]
The first Union Budget of the new decade (second one of Prime Minister Shri Narendra Modi led Government, in the Second Innings) presented by the Finance Minister Smt. Nirmala Sitharaman on 1st February 2020; took most by surprise; with some of the radical Income tax reforms and belying some expectations.
UNION BUDGET 2019-2020- HIGHLIGHTS OF THE FINANCE (NO. 2) BILL, 2019 The Union Budget presented, in the Second Innings of Government led by the Prime Minister Shri Narendra Modi, by the Finance Minister Smt. Nirmala Sitharaman on the 5th July 2019; took most by surprise when they did not find the radical financial and fiscal […]
The Honorable Finance Minister of India, Mr. Arun Jaitley, delivered the fifth Union Budget of NDA Government, last full budget before the upcoming general elections in 2019 amidst various challenges, compelling the Government to do a balancing act of revival of economic growth
The key highlights of this Budget are that the focus is towards broadening the tax base by increased reliance on digitization, removing irritants, simplicity, rationalizing tax provisions so as to reduce litigation and, bring certainty and clarity to the taxpayers as regards the tax regime, rewarding honest and penalizing the errant, all of which we have discussed with the respective proposed amendments herein below.
INDIRECT TAXES – SERVICE TAX: The amendments proposed by the Finance Minister with respect to Service tax are discussed herein below. 1. Roll out of Goods and Services Tax (‘GST’): Like the last year, in his Speech this year, the Finance Minister has given reaffirmed commitment to ensure the passage of the Constitutional amendments to […]
The key highlights of the this Budget are that the focus is towards broadening the tax base, simplicity, rationalizing tax provisions so as to reduce litigation and, bring certainty and clarity to the taxpayers as regards the tax regime, all of which we have discussed with the respective proposed amendments herein below.
Keeping in background, the roll-out of GST in April 2016; the Finance Minister’s proposals this time around are introduced with a view to prepare the economy for the smooth transition to the new levy. These are discussed with the respective proposed amendments herein below. 1. Roll out of Goods and Services Tax (‘GST’): Unlike the […]
