Budget 2021-22 (just for your information) 1)In the budget wh | ECONOMY by VIVEK SINGH

Budget 2021-22 (just for your information)

1)In the budget which was presented on 1st Feb 2021, there has not been any change in Direct Taxes (Personal Income Tax, Corporate Income Tax, DDT etc.)

2)But there has been certain changes in the Indirect Taxes specifically in "Customs Duty/Import Duty".
And the changes have been made in line with our philosophy of Aatma Nirbhar Bharat and promote more domestic value addition.
The raw materials (customs) duty rate has been reduced and has been kept at low rate. The Intermediate products have been kept at intermediate level of duty. And for the finished goods which are being manufactured in India or we want the Indian companies to manufacture, the duty has been kept at a higher rate, but only up to a certain level and not at a very higher level. This has been the broad philosophy for most of the items.

Budget and Eco Survey Notes will be released on 8th Feb and Book on 15th Feb.