Government needs to think about the longterm effect of tax changes on taxpayersThe amended law now requires all taxpayers to pay tax not only on amounts received in excess of ₹50,000, but also on deemed gifts
4 min read28 Jan 2019The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared