Union Budget: A balanced one with a thrust on the new tax regime
The Budget for FY2023-24 is overall a balanced Budget with a focus on capital expenditure, social sector and measures to boost economic growth. There were significant personal direct tax proposals with a clear push by the government to popularize the new tax regime. Dhaval Kapadia, Director, Portfolio Specialist at Morningstar Investment Management Group, shares key budgetary proposals and Morningstar’s take on them.
Feb 01, 2023