“Gujarat International Finance Tec-City (GIFT City) is emerging as a crucial global finance hub, attracting various financial and technology firms with its unique blend of regulatory advantages, tax...
The Finance Minister Ms. Nirmala Sitharaman will present the Budget 2023 on February 1, 2023, the last full budget before general elections in 2024. As per news reports, direct tax collections were INR 12.31 trillion, registering a growth of 19.55% y-o-y basis till January 10, 2023. With direct tax collections exceeding the budgeted gures, are we likely to see major tax reliefs, particularly for individual taxpayers. On the indirect tax front, certain customs duties are likely to be hiked for sectors covered by PLI schemes in order to provide further impetus to the ‘Make in India’ objective of the Government.
