Union Budget: ICAI expects rationalisation of taxation for startups

7 hours ago 1

The Institute of Chartered Accountants of India (ICAI) connected Thursday said it hopes the Union Budget volition person measures to rationalise taxation for startups arsenic good arsenic simplify compliance requirements for professionals.

The Budget for 2025-26 volition beryllium presented by Finance Minister Nirmala Sitharaman successful the Parliament connected February 1.

"We anticipation for measures that simplify compliance for professionals, rationalise taxation for startups, and incentivise ESG (Environmental, Social and Governance)-led initiatives done taxation benefits.

"Aligning taxation provisions with planetary benchmarks and supporting innovation volition accelerate India's travel to becoming a planetary economical leader," ICAI said successful a release.

The institute besides said it is looking guardant to reforms that tin empower the acquisition and beforehand easiness of doing business.

"With greater budgetary enactment for education, peculiarly accomplishment improvement and miss kid education, we tin further fortify these efforts, fostering a procreation that is some empowered and aboriginal ready," the merchandise said.

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