As the Union Budget 2018 is about to be presented by finance minister Arun Jaitley on February first 2018, CA Uves Ali Khan shares his perfective on the first Budget after implementation of GST and Demonetisation.
What he said cleary states relief for the tax payers of the country and could be working in favour of the government if the exempted income on which tax is levied is increased. Apart from reduction of GST, this is also another part which was stressed by small scale traders as well.
Apart from tax redemption, this budget also expects to see funds allocated to skill development, increase in employment.
Farmers also want the budget to bring policies on disaster mitigation fund to help them survive when proces of the produce fall as well as debt relief. Women farmers across the country are also expecting policies that will make their work on record.