Unprecedented Tax Relief for Honest Taxpayers

Finance Minister Nirmala Sitharaman revealed that the Budget introduces significant tax relief, offering up to Rs 1.1 lakh for taxpayers, aiming to increase disposable income and stimulate demand.

Boosting Domestic Production and Export Competitiveness

By adjusting customs duties on raw materials and inputs, the government seeks to make domestic products more competitive both locally and internationally.

Modernizing Income Tax Laws

The new Income Tax Bill, set for discussion in the monsoon session, addresses the digital age's challenges, including access to digital records, to streamline tax collection and reduce legal disputes.

Empowering Tax Officers in the Digital Era

The Bill grants tax officers the authority to access digital spaces, including online trading accounts and cloud servers, during investigations, marking a significant update to the 1961 Act.