The Union Budget 2018 was a Budget focused on the country’s growth prospectus but, as expected earlier, was stressed on addressing agrarian crisis, including infrastructure development, diversification, and pro-poor measures.
Overall, it is a balanced Budget prepared with a pragmatic approach, keeping in mind the sentiments of the investors, expectations of the taxpayers and to match with the condition of Indian economy.
According to Rakesh Nangia, Managing Partner, Nangia Advisors LLP “ The last full Budget before the elections in 2019 has been a fine balancing exercise by the Finance Minister. Negotiating political necessities without affecting the Government’s finances is a tough ask and here, a number of policy announcements and initiates have been made, revenue numbers are sought to be maintained while at the same time, relief measures have been announced”
Please find attached Nangia Advisors LLP- INDIA BUDGET STATEMENT 2018 summarizing the key proposals on direct and indirect taxes, along with sector wise impact of the same