Union Budget 2021
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.
As always, we at Vedya would be happy to hear your comments and look forward to
your queries and questions.
Disclaimer
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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