Budget 2025 is a broadbased growth oriented budget with consumption booster focussing on agriculture, MSMEs, Investments,Exports,Tourism,Urban Sectors,Labour intensive sectors, startups,skill development & innovations,Make in India.It’s a budget which announced biggest tax changes since 1997.Simplification & reducing litigation are the key objects in direct tax proposals & announcement that new direct tax code will be put in place in the time to come. Special announcements for MSMEs will act as a booster for the weaker MSME sector.
Allowing Private Public Partnership(PPP) in various sectors including infra development will prove to be very positive & ensure economic growth & job creations in the long run.No income tax upto 12.75 lakhs for salaried taxpayers is a big ticket change will will in turn boost the savings & consumption.
CA Julfesh Shah, Chairman, COSIA, Vidarbha
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