Indirect Tax changes in Budget 2023

Number of basic customs duty rates on goods, other than textiles and agriculture, reduced to 13 from 21. Minor changes in the basic custom duties, cesses and surcharges on some items including toys, bicycles, automobiles and naphtha. Excise duty exempted...

Income Tax Changes in Budget 2023

Hon. Finance Minister, Nirmala Sitharaman’s Budget Speech 2023 had several proposals for the benefit of taxpayers in the lowest and highest tax brackets. Below are some important changes in Income Tax: Tax structure in new personal income tax regime, introduced in...