Sector-wise key expectations from Budget 2017

Hike in income tax slab limits and reduction in corporate tax rate may be the highlight of Budget

With over a week left for Finance Minister Arun Jaitley to unveil the Budget 2017 on February 01, industry experts are being vocal about the expectations that they seek from the NDA-led government’s fourth Budget under the current term. 

“We believe that the government is likely to take corrective measures which would offer remedy to the demonetisation wounds. In our opinion, increase in individual income tax slab limits and reduction in corporate tax rate is expected to be the highlight of the budget in order to revive the consumption cycle,” said brokerage Angel Broking in a pre-Budget research note. 

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