India releases Union Budget 2025

03 February 2025|Tax Alerts, Legislation & Policy, National/Federal Taxation, Global|India

The Finance Minister of India presented the Union Budget for 2025 on 1 February 2025.
Proposed changes to tax law aim to promote ease of doing business in India, provide certainty and reduce litigation and continue to encourage corporations and individual to utilize the International Financial Service Center.
The Finance Minister also proposed that a new Income Tax Bill, which is expected to be concise and easier to understand, will be tabled the week of 03 February.

Executive summary

Key high…

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