The Hon’ble Finance Minister tabled the last full Union Budget of this government for the fiscal year 2023-24 with the aim of steering the Indian economy over the next 25 years of Amrit Kaal – from India at 75 to India at 100. This is yet another year where the Government proposes to provide significant impetus to, inter-alia, infrastructure spend, digitisation and financial inclusion. The budget is in line with the vision of our Hon’ble Prime Minister to make India Atmanirbhar and a digital giant.
On the direct tax front, several amendments have been proposed including revising personal income-tax slab rates, reduction of surcharge for the super-rich, measures to reduce pendency in litigation, widening the scope of taxation of benefits and perquisites, amendments in taxation of charitable institutions, et al.
On the backdrop of highest ever GST collections, amendments have been proposed under the GST law to raise the minimum threshold of tax amount for launching prosecution and to decriminalize certain offences. Under customs law, it is proposed to reduce the number of basic customs duty rates on goods from 21 to 13 thereby simplifying the tax structure. To ease compliances, it is also proposed to set up a single window IT system for registration and approval from IFSCA, SEZ authorities, GSTN, RBI, SEBI and IRDAI.
Here’s our publication summarising the highlights of the policy announcements and the tax proposals.
Dhruva Advisors - ITR - Taxsutra Webinar on the Indian Union Budget 2023-24
Event Type: Virtual | Location: Online
Date: February 01, 2023 at 5:00 PM – 6:30 PM IST
Dhruva Advisors - BCC&I - Union Budget 2023-24: An In-depth Analysis
Event Type: Physical & Virtual | Location: Kolkata & Online
Date: February 02, 2023, at 10:00 AM IST
Indian Chamber of Commerce (ICC) - Dhruva Advisors - Budget Analysis Session on the Union Budget 2023-2024
Event Type: Physical | Location: Kolkata
Date: February 02, 2023, at 5:00 PM IST
Dhruva Advisors, High Commission of India in Singapore and Federation of Indian Chambers of Commerce & Industry (FICCI)
Event Type: Physical | Location: Singapore
Date: February 21, 2023 at 9.30 AM – 11.30 AM SGT
Dinesh Kanabar
CEO, Dhruva Advisors
Mehul Bheda
Partner, Dhruva Advisors
Ajay Rotti
Partner, Dhruva Advisors
Umesh Gala
Partner, Dhruva Advisors
Umesh Gala
Partner, Dhruva Advisors
Ranjeet Mahtani
Partner, Dhruva Advisors
Ranjeet Mahtani
Partner, Dhruva Advisors
Abhishek Mundada
Partner, Dhruva Advisors
Deepesh Chheda
Partner, Dhruva Advisors
Kulraj Ashpnani
Principal, Dhruva Advisors
Dhruva Advisors - ITR - Taxsutra webinar
Partner, Dhruva Advisors
Bengal Chamber of Commerce & Industry - Dhruva Advisors
Partner, Dhruva Advisors
CNBC TV18 | Dhruva Advisors | Federation of Indian Chambers of Commerce and Industry (FICCI) are pleased to share the results of the CEO's Budget Poll 2023 conducted over this month to gauge industry perspective on the latest economic developments and their expectations from the upcoming Union Budget.
Some of the key findings of the survey are –
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Financial Express, 02 February 2023
Zee Business, 01 February 2023
Moneycontrol, 01 February 2023
MSN, 01 February 2023
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Bloomberg Quint, 01 February 2023
Livemint, 01 February 2023
Zee Business, 01 February 2023
Economic Times, 31 January 2023
AFAQs, 31 January 2023
Live Mint, 31 January 2023
Financial Express, 30 January 2023
CNBC-TV18, 30 January 2023
CNBC-TV18, 30 January 2023
Financial Express, 30 January 2023
Times of India, 30 January 2023
Live Mint, 30 January 2023
News 18, 29 January 2023
Financial Express, 29 January 2023
Financial Express, 28 January 2023
Zee News, 28 January 2023
Times of India, 27 January 2023
CNBC TV18, 27 January 2023
CNBC TV18, 27 January 2023
India Today, 26 January 2023
CoinGape, 24 January 2023
Financial Express, 24 January 2023
The Telegraph - 19 January 2023
Economic Times - 15 January 2023
Economic Times - 10 January 2023
Outlook India - 07 January 2023