Our Budget expectations once again come to fruition

Every year ‘Taxmann’ predicts and suggests various substantive and procedural changes to taxation laws based on judicial litigations, prevalent uncertainties and change in the business environment. We met several expectations for Union Budget 2014-15 and 2015-16 which were published in [2014] 47 taxmann.com 297 (Article) and [2015] 61 taxmann.com 143 (Article).

This year also we have released our Budget expectations in [2016] 67 taxmann.com 45 (Article). It is to our credit that many of our expectations came to fruition in the Union Budget 2016 as well.

Our 14 expectations came true in the Union Budget, 2016. A comparative study of the changes suggested by us viz-a-viz changes proposed in the Finance Bill, 2016 has been prepared.

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