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Honorable Finance Minister Mrs Nirmala Sitharaman on Saturday, February 1, 2020, unveiled the Budget for Fiscal 2020-21 in the Parliament, vowing to boost the income of Indians and their purchasing power, in a bid to revive domestic economic growth that has slumped to lowest in the decade. She has proposed to introduce a new optional personal income tax system and announced a multi million dollar farm, infra and health care package to revive the growth of the country. Emphasising on capacity building and empowerment of marginalized sectors of the society while protecting the wealth sectors.

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About the Author

The author is a Semi Qualified Chartered Accountant and currently practising in Various Direct and Indirect Taxes in India. He has a working experience of more than 8 years in the field of Accounting, Auditing and Taxation in India. He is presently consulting various corporates and assisting them in complying with their legal and statutory compliances prevailing under various laws as laid down by State and Central Government of India.