“It’s a balanced budget or we better call it a pro-poor budget, the focus is on the key needs like agriculture, rural and the poor. The reduction of corporate tax to 25% from an earlier 30% for companies with turnover up to 250 Crores is a welcome decision and this will ease some pressure from MSME sectors. But no relief can be seen for large corporates. The Government’s to focus on research in areas of Artificial Intelligence, Machine Learning, Big Data & Blockchain will bring joy to firms working in these domains. The re-introduction of LTCG tax will be going to impact the companies eying for IPO in near future.
