Latest News | Union Budget: ICAI Expects Rationalisation of Taxation for Startups

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.

Also Read | What Is One Ring Scam? Know How Cybercriminals Use Missed Call To Levy Expensive Charges, Steal Sensitive Information.

"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.

Also Read | Shillong Teer Results Today, January 30 2025: Winning Numbers, Result Chart for Shillong Morning Teer, Shillong Night Teer, Khanapara Teer, Juwai Teer and Jowai Ladrymbai.

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 above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)