Union Finance Minister Nirmala Sitharaman compared the presenting of the Union Budget 2021 to ‘The Gabba Moment’, the historic Australia series win for India despite the obstacles the Indian team faced.
A Money9 Budget Conclave panel discussion hosted by Priyanka Sambhav and featuring Shweta Jain, Founder, Investography, Surabhi Marwah, Gauri Chadha, founder and CEO, Gauri Chadha & Associates, Surabhi Marwah, EY, Partner- Tax, discussed the good, bad and ugly of the budget.
Here’s what they had to say about the Budget:
Shweta Jain, Founder (Rating- Okay)
Some positive steps have been taken by the government. The Asset Reconstruction Company to clean up non-performing assets, the launch of Securities Market Code are positive steps, But there’s no relief for the common man. So I would rate it as an ‘Okay’ budget.
Surabhi Marwah (Rating- Good)
I am happy with the Budget because there is no added cess. The budget is trying to make life simpler. The reduction in time for reopening of assessment from 6 to 3 years, relief for senior citizens, digital assessments and relief for non-resident Indians. This will ensure compliance.
Gauri Chadha (Rating- Okay)
It’s a small relief that no new taxes have been added, but a lot more could have been done. The ITR form will be pre-filled with details of capital gains, dividend income which is a big relief. But, the common man had expected a tax cut and that did not happen.
