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The taxman will be easy on those who comply with the norms, but tough on those who try to escape the tax net.

Additional tax sops for loans above Rs 35 lakh and tax rejigs make owning a house a little less costly.
The finance minister has rolled out a lot of tax sops for those whose income is not very high.
Government initiatives towards increasing rural incomes and augmenting demand will help the auto sector.
Budgetary allocation for roads and highways is expected to increase to Rs 85,000 crore in Union Budget 2016-17.
Read on to find out where you all should invest to save tax
The government could increase expenditure on projects that have a lower execution time.
Debt will be the favoured asset class this year, but this will be an opportune time to accrue equities as well.
Getting the Budget arithmetic correct was difficult this year, but the finance minister came up trumps.
Execution of the Pay Commission report in the Budget can trigger strong surge in urban consumption spend.
Should provide partial refund of training costs for skill upgradation in the IT sector.
The Government should also improve collections for the income tax department.
Passage of Bill likely to fuel consumption in economy and facilitate growth of industrial / warehousing space
For growth in the capital goods sector, there should be an increase in outlay for power, railway, defence and roads