Ringing in the new decade with a historic first, the Union Budget was presented by the Finance Minister (FM) Nirmala Sitharaman in the Lok Sabha on 1 February 2020. As a stimulus for India’s slowing economy, this year's budget centers around three prominent themes — Aspirational India, Economic Development, a Caring Society.
To jump-start the economy, the Government had also announced a slew of reforms in the past few months with reduction in corporate tax rates and liberalization of the foreign direct investment being among the most noteworthy.
In continuation of tax reform measures undertaken last year, direct tax proposals in this budget seek to stimulate growth, simplify tax structure, bring ease of compliance, and reduce litigations.
Join our esteemed panel of US and India tax professionals as they analyze the fine print of the budget announcements and share deeper insights on the following topics:
Sameer Gupta, Partner & National Tax Markets Leader, Ernst & Young LLP (India)
Pranav Sayta, Partner & National Leader, International Tax and Transaction Services, Ernst & Young LLP (India)
Uday Pimprikar, Partner, Indirect Tax Services, Ernst & Young LLP (India)
Colleen V. O’Neill, Partner & International Tax and Transaction Services Leader – East, Ernst & Young LLP (US)