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An exclusive pre budget podcast on what the Union Budget 2021 holds for MSMEs, startups and the Indian economy in general
Union Budget 2021 India: The government may use the upcoming Budget as a platform to issue necessary clarifications through necessary amendments in the tax provisions, along with detailed FAQs.
While corporate taxpayers have a long wish list for this year’s budget, some of the key ones are status quo in tax rates, support for Make in India, relaxation for startups, etc.
To promote ease of tax compliances, the government may re-introduce simplified tax return forms for NRIs who have no capital gains or business/professional income in India or having income within specified thresholds.
The government has taken laudable steps to support and propel the economy in these difficult times, but a lot more still needs to be done, writes Vikas Vasal