The rising inflationary concerns, looming fears of inflations (REPEAT) and lay-off season has kept the citizens on tenterhooks, hoping that Sitharaman will leave more purchasing power in their hand to boost the consumption.
Crypto trading volumes at the homegrown exchanges took a big hit after rolling out a heavy taxation policy, which jolted millions of crypto investors in India.
The government is of the opinion that there is a need to relook the entire personal income tax system and come out with a single regime with larger slabs and a smaller number of exemptions
Both direct and indirect tax collections have been buoyant in 2022 in clear indication of revival of the economy after the pandemic and also as a result of government efforts to plug tax leakages
To achieve simplicity and bring efficiency to all categories of taxpayers, the government could make changes to the tax rates/ deductions. Here are some suggestions
