Indian Budget 2017: Ready Reckoner For Professionals, Businessmen & students of CA / CMA / CS

In the backdrop of a country limping back from the effects of demonetization and staring at the looming transition to GST the Honourable Finance Minister of India, Shri. Arun Jaitley presented the Union Budget for the financial year 2017 2018 ( Budget 2017 ) before the Lok Sabha on February 1, 2017. Budget 2017 managed to marry the economic requirements of the nation that needed a firm push on its path to a less- cash economy with political priorities. The imprints of the Prime Minister s vision was there for all to see as the overall theme of Budget 2017 was the move to a digital and therefore more tax compliant economy. The Finance Minister showed great courage in his attempt to weed out corruption and money laundering by limiting anonymous cash donations to political parties and charitable trusts.

Budget 2017 had little to offer in terms of indirect taxes in view of the impending transition to GST. It gives me great pleasure to present you with a quick snap shot on Budget 2017.