💨 Abstract

The Union Budget 2025 focuses on non-inflationary growth through fiscal management, with all borrowings channeled into capital expenditure. The budget aims to balance economic challenges, foster growth, and ensure macro-economic stability, while the tax administration is shifting to a participative approach. Key initiatives include extending the updated returns window, rationalizing TDS and TCS provisions, simplifying customs duties, and presenting a new direct tax code.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖