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With the Covid-19 pandemic raging through 2020 and considering the challenges and hardships caused due to the Covid-19 pandemic on the overall economy, the budget 2021 has become the most eagerly awaited annual policy announcements from the government. With just a few days left, every individual is hoping for a budget, which leaves more money at their disposal. In this article, we shall look at the expectations of the budget 2021.
The government, through budget 2021, should take some proactive steps by providing certainty and visibility to taxpayers by clearing the air on ambiguous provisions, which can help in boosting the confidence of taxpayers and also reduce litigation, which is a major roadblock for timely revenue collection.
Read our article:Income Tax Changes to be expected in Budget 2020-2021
Ashish M. Shaji has done his graduation in law (BA. LLB) from CCS University. He has keen interests in doing extensive research and writing on legal subjects especially on corporate law. He is a creative thinker and has a great interest in exploring legal subjects.
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The Income Tax Department has announced the release of the Annual Information Statement (AIS), which will give you...
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