With the introduction of GST, year 2017 has been an eventful year across economies and industries. For the year 2018, we are optimistic that the union budget will focus more on Digital India initiative in order to shape the IT infrastructure and increase adoption of technology to encourage digitization. We are also expecting that the government may slash corporate tax for the larger companies in the upcoming budget. It may/should help Indian companies to compete globally and attract more investments to the country. Besides this, we are also expecting that the budget will be centered around lowering personal income tax slabs, and tax savings schemes which would lead to higher disposable income and directly benefit the normal taxpayer.
@Technuter.com News Service