The Union Budget was announced on February 1, 2017 amidst great hope. The public hoped for a Budget that would address the dull after demonetisation. And it did not disappoint. The government focussed on expanding the tax net while rewarding the honest taxpayers of the country. Let’s take a look at the key taxation reforms announced in the Budget for the common man.
The 2017 Union Budget rewarded the honest taxpayers and the public most affected by demonetisation. Interestingly, the only people the Budget may not have satisfied are the politicians. The Budget was focussed on bringing about a sustainable change for the country by promoting a more digital economy, introducing measures to help the rural and agricultural sectors through NABARD and creating opportunities for the youth.