2020 Budget Expectations
Some of the steps may include:
i) Lower Personal income tax rates (either by way of rationalizing tax slabs or raising
exemption limits).
ii) Removing Long Term Capital Gains Tax.
iii) Sector specific import duty tweaks for promoting domestic manufacturing.
iv) The government could revisit the plan for overseas issuance of sovereign bonds, to address
some of these issues.
- Tax Guide for Freelancers and Influencers: Navigating Income, Deductions, and Compliance
- ITR Updates for AY 2025-26: Key Disclosures Under Old Tax Regime
- Can You File Income Tax Return Without a PAN in 2025? Here’s What You Need to Know
- Major GST Updates Effective April 2025 Onwards: Key Changes in Compliance, Registration, and Reporting
- Tax Implications of ESOPs and RSUs for Employees