IGCC in partnership with our revered knowledge partners, Trilegal and Lakshmikumaran & Sridharan Legal, organised an insightful post-budget webinar, ‘Decoding UnionBudget 2025’ on 3rd February 2025.
Few Key Discussion Points:
- The current government focuses on – Agriculture, Exports, MSME & investment and upskilling.
- A welcome change is that the tax for NR businesses has been reduced to 35% which is 10% less than before.
- In terms of business reorganisation, the proposed amendment aims at curbing ‘evergreening’ of losses.
- Another significant change in the tax slab is that there will be NIL or zero income tax for individuals earning up to Rs. 12 lakh.
- Tax exemptions are to be implemented for sovereign wealth funds, pension funds, shipping industry and many more.
- There is a rationalisation of BCD rates.
Distinguished speakers included- Ashish Philip, Siddhesh Khandalkar, Ratan Jain, Aditi Goyal, and Kartikey Kulshrestha.
