The Union Budget turned out to be a damp squib, although the government may take shelter under the directive from the Election Commission for not including any significant reliefs.
Finance Minister Arun Jaitley, in his introduction to the Budget, classified it broadly into 10 parts, direct taxes being one of them. In this respect, he mentioned “honouring the honest”. But nothing of that sort was available in the details of direct taxes. On the contrary, no relief was given to the salaried class with annual income above Rs 10 lakh.
No concrete concessions were provided to promote digital
Finance Minister Arun Jaitley, in his introduction to the Budget, classified it broadly into 10 parts, direct taxes being one of them. In this respect, he mentioned “honouring the honest”. But nothing of that sort was available in the details of direct taxes. On the contrary, no relief was given to the salaried class with annual income above Rs 10 lakh.
No concrete concessions were provided to promote digital
