Focus on tax simplification & reduction in personal income tax: EY on Budget
The Statesman|January 09, 2025
Ahead of the Union Budget 2025, the EY India has said the government is expected to focus on boosting private capex, tax simplification and reduction in personal income tax, particularly for the lower-income groups, to stimulate demand.
STATESMAN NEWS SERVICE
Focus on tax simplification & reduction in personal income tax: EY on Budget

EY India said with over Rs 31 lakh crore stuck in income tax disputes as of 2023-24, there is an urgent need to clear Commissioner of Income Tax (Appeals) backlog and bolster alternate dispute resolution mechanisms like advance pricing agreements and safe harbours.

The expectations from Budget are focused on a set of strategic reforms that can propel the economy forward, it said.

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