Will Budget 2020 deliver India’s expectations – Rakesh Nangia

Economic slowdown and reduction in corporation tax rates will require the government to trim its tax revenue projection for 2019-20 in the upcoming Budget by Rs 1-1.5 trillion, the biggest seen in recent times to arrive at a realistic target. The shortfall means 4.1-6.1 per cent of the Budget estimate of Rs 24.61 trillion.

Rakesh Nangia, Chairman and Shailesh Kumar, Director, Nangia Andersen Consulting contributed an piece titled Will Budget 2020 deliver India’s expectations for Taxmann.