On the 01 February 2021, Mrs. Nirmala Sitharaman presented the Annual Union Budget, the Finance Minister presented the Union Budget 2021 in circumstances like never before reminded time and again that our fight against COVID-19 continues into 2021.
The Union Budget for 2021-2022 rest on 6 pillars. i. Health and Wellbeing, ii. Physical & Financial Capital, and Infrastructure, iii. Inclusive Development for Aspirational India, iv. Reinvigorating Human Capital, v. Innovation and R&D vi. Minimum Government and Maximum Governance.
The Budget proposes a tax system has to be transparent, efficient, and should promote investments and employment in our country. At the same time it should put minimum burden on our tax payers.
This booklet is prepared exclusively for the benefit and use of the clients of Vedya Partners | Vedya Partners & Advisors (‘Vedya’). This should not be used as a substitute for professional advice. Reasonable care has been taken for ensuring the accuracy and the authenticity of the contents of this booklet. However, we do not take any responsibility for any error or omission contained therein on any account. It is recommended that the readers should take professional advice before acting on the same. The provisions contained in the Finance Bill , 2021 (‘The Bill’) are proposals and are likely to undergo amendments while passing through Houses of Parliament before being enacted.
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