Union Budget 2025-26: ICAI Expects Startup Tax Rationalisation
ICAI expects the Union Budget to simplify compliance for professionals, rationalise taxation for startups, and incentivise ESG initiatives.
Illustration: Dominic Xavier/Rediff.com
New Delhi, Jan 30 (PTI) The Institute of Chartered Accountants of India (ICAI) on Thursday said it hopes the Union Budget will have measures to rationalise taxation for startups as well as simplify compliance requirements for professionals.
The Budget for 2025-26 will be presented by Finance Minister Nirmala Sitharaman in the Parliament on February 1.
"We hope for measures that simplify compliance for professionals, rationalise taxation for startups, and incentivise ESG (Environmental, Social and Governance)-led initiatives through tax benefits.
"Aligning tax provisions with global benchmarks and supporting innovation will accelerate India's journey to becoming a global economic leader," ICAI said in a release.
The institute also said it is looking forward to reforms that can empower the education and promote ease of doing business.
"With greater budgetary support for education, particularly skill development and girl child education, we can further strengthen these efforts, fostering a generation that is both empowered and future ready," the release said.
The Budget for 2025-26 will be presented by Finance Minister Nirmala Sitharaman in the Parliament on February 1.
"We hope for measures that simplify compliance for professionals, rationalise taxation for startups, and incentivise ESG (Environmental, Social and Governance)-led initiatives through tax benefits.
"Aligning tax provisions with global benchmarks and supporting innovation will accelerate India's journey to becoming a global economic leader," ICAI said in a release.
The institute also said it is looking forward to reforms that can empower the education and promote ease of doing business.
"With greater budgetary support for education, particularly skill development and girl child education, we can further strengthen these efforts, fostering a generation that is both empowered and future ready," the release said.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Vodafone Idea L
- 7.10 (+ 2.16)
- 39021355
- Srestha Finvest
- 0.57 (+ 3.64)
- 27178272
- Guj. Toolroom Lt
- 1.52 ( -4.40)
- 19015171
- Standard Capital
- 0.60 ( -1.64)
- 14023957
- India Steel Works Lt
- 4.77 (+ 9.91)
- 13953548
MORE NEWS
© 2025 Rediff.com India Limited. All rights reserved. Disclaimer - Terms of Service - Privacy Policy - Feedback