Interim Budget 2024

Interim Budget 2024: Impact on individuals and India Inc.

In the latest episode of our Interim Budget 2024 series, we discuss the impact of budget announcements on individuals as well as businesses. Our guest, Sonu Iyer,  Partner, People Advisory Services (Tax), EY India, provides valuable Insights into the key aspects highlighted by Finance Minister Nirmala Sitharaman. Sonu shares her perspective on key declarations, including dispute resolution and the appeal of the new tax regime. 

Related topics Tax Tax planning Tax accounting

In conversation with:

Sonu Iyer

Sonu Iyer
Partner, People Advisory Services (Tax), EY India

Key takeaways

  • Despite expectations, no changes were made to tax rates in the vote on account.
  • FM's move to resolve long-standing and non-reconciled tax disputes will aid taxpayer convenience and foster smoother operations.
  • To improve the new tax regime, the newly elected government may streamline processes and increase tax credits in the full budget later this year. 
Addressing long-standing tax disputes enhances taxpayer confidence, fostering a smoother tax landscape.
Sonu Iyer
Partner, People Advisory Services (Tax), EY India

For your convenience, a full text transcript of this podcast is available on the link below:  Read the transcript.

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Podcast

Duration 09m 56s

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In this series

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Budget 2023 and its impact on individuals

In this podcast, Sonu Iyer, Tax Partner and National Leader – People Advisory Services, EY India, talks to us about the implications of Budget 2023 announcements on individual taxpayers.
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Duration
16m 49s

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