Transformative direct tax reforms in Budget 2025 for middle class empowerment

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Transformative direct tax reforms in Budget 2025 for middle class empowerment - Business Standard

Quick Summary:

These reforms are part of the Government's broader strategy to stimulate consumption, enhance ease of doing business and boosting economic growth.

This extension allows taxpayers more time to correct any omissions in their income declarations, fostering a culture of compliance and trust between taxpayers and the government.

These measures are expected to enhance compliance, stimulate consumption, and support the Government's vision of a "Viksit Bharat" or developed India.