Steady tax laws high on experts’ Budget wish list
Experts hope that e-assessment process will be smoothened for taxpayers’ benefit
We all look forward to the Union budget every year in the hope of getting some tax breaks which can improve our in-hand income. This time, the hopes are much higher. With the gross domestic product (GDP) at 4.5% in the September quarter (the slowest in more than six years), the government is expected to boost consumption by putting more disposable income in the hands of people in the form of tax breaks. The government’s move to cut corporate tax rates in September 2019 was also seen as a measure to boost private investment in the face of the ongoing slowdown.