An Encouraging Budget – Mr. Ankit Agarwal, Alankit Ltd equitybulls.com

Mr. Ankit Agarwal, MD, Alankit Ltd's reaction on Union Budget 2020. “An encouraging budget, it has reduced the personal income. Tax across levels and added new 15 per cent and 25 per cent slabs; at the same reducing exemptions so one would have to see the benefit that actually comes to the taxpayer. The focus clearly is on increasing compliance and reducing litigation; further a reduced corporate tax to 15% and tax on ESOP deferred by 5 years are good moves made by the government. Once again the FM Touched upon simplified GST Filing and simplified refund prices; which is the need of the hour. SMS filing are good moves”.