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Budget 2021 Expectation post Pandemic

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India’s Budget is expected to be announced on Feb 1, 2021.  Taxpayers and Businesses from all segments are seeking relief post pandemic. Industry leaders and citizens have high expectations that budget announcements will lift the Indian economy from the pandemic slowdown and accelerate employment. While reduced tax rates tops the demand list, experts have also suggested measures to reform and reduce compliance burden. Here are Top 10 of them:

1. Tax Incentives to boost Jobs

2. No More New Taxes

3. No Tax Hike

4. Allow capital gains tax relief for startup investments

5. Simplify tax regime for Indiviudals

6. Tax Relief for Individuals

7. Boosting Consumption Expenditure

8. Big Challenge for Govt. is to raise resources but not by taxes

9. Bring Down Capital Gain Tax to 10%

10. Focus on Infrastructure Projects as it generates employment as large scale.

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