The Budget has largely delivered on the socio-economic agenda of strengthening the agricultural and rural economy, health care, infrastructure and education in the country. On the tax front, while reduction in the corporate tax rate for companies with turnover less than Rs. 250 crores is a step in the right direction, it would need to be followed up with further rationalization in the form of broad-based reduction of MAT and corporate tax rate. We welcome the greater push for digitization and increased transparency in administration. The introduction of new scheme for e-assessments across the country would lead to reduced tax administration cost and increased tax payer satisfaction.
@Technuter.com News Service