Simpler taxation and tariff structures, parity in taxes, and lowering the tax burden in capital markets are some of the top expectations from the Budget 2023
As the central government prepares to present the Union Budget for FY24 in February, the clamour for reducing the tax burden is getting louder. With the economy recovering gradually from the blows dealt by the Covid-19 pandemic, the Budget is expected to be taxpayer-friendly, to boost growth and investments.
Simplifying taxation and tariff structures, bringing parity in tax rates, identifying sunrise industries for tax exemptions, lowering the tax burden in capital markets and easing compliance requirements are some of the top expectations from Minister of Finance Nirmala Sitharaman.
(This story appears in the 27 January, 2023 issue of Forbes India. To visit our Archives, click here.)