India's Finance Minister to Unveil Groundbreaking Tax Reforms in Budget 2025

Finance Minister Nirmala Sitharaman is set to present the Union Budget 2025 on February 1, promising transformative tax reforms aimed at simplifying compliance and fostering economic growth. Key expectations include rationalizing income tax slabs, implementing global minimum tax standards, and streamlining GST. The budget is anticipated to address challenges in the current tax system, promote mergers and acquisitions, and introduce measures to boost the startup ecosystem. These reforms are expected to align India's tax landscape with global standards and lay the foundation for sustainable economic development.

Source: Live India