Keeping in line with global trends and India’s commitment to implement the recommendations/ measures from APs 1 to 15, the Government of India took gradual steps towards introducing amendments to the Income-tax Act, 1961 (the Act) starting from Budget 2016. Budget 2018 has been a further step in this direction. Specific proposals tabled before the legislators in this budget for enactment and its corresponding impact on Indian taxpayers .
1. Rakesh Nangia, Managing Partner and Shailesh Kumar, Director- Direct Taxation contributed an article on Budget 2018 fixes anomaly in law for Financial Express.