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Synopsis of Union Budget 2020-2021

posted Feb 1, 2020, 6:50 PM by Admin - P R Teli & Co

The Union Budget 2020-21 presented by Our Honourable Finance Minister Smt Nirmala Sitharaman, appears to have been presented with an intention:

 ·         To provide overall Economic development of the country with focus on development in Agriculture, Rural Sector, Infrastructure, Sanitation, Healthcare, Education, Digitization etc.

·         To incentivise exports

·         To promote Manufacturing sectors in line with the Make in India ideology of the Modi Government

·         To promote provide quality learning experience and

·         To provide momentum, to the buoyancy in  taxes through

o   tax-incentives,

o   reducing tax rates for co-operative society, individual and Hindu undivided family (HUF),

o   deepening and widening of the tax base,

o   removing difficulties faced by taxpayers,

o   Rationalisation of Tax provisions

o   curbing tax abuse and enhancing the effectiveness, transparency and accountability of the tax administration.

Attached herewith is the summary on Union Budget 2020-21, hope you have a pleasant read

Admin - P R Teli & Co,
Feb 1, 2020, 6:50 PM