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Budget 2025: The dawn of simplified taxation - Union Budget's vision for growth

The article from MSN discusses the Union Budget 2025's vision for India, focusing on the theme of "Simplified Taxation." It highlights the government's intent to streamline the tax system to foster economic growth, enhance compliance, and reduce litigation. Key points include the introduction of a new tax regime aimed at reducing the tax burden on individuals and corporations, promoting ease of doing business, and encouraging investment. The budget proposes measures like broadening the tax base, simplifying tax slabs, and possibly integrating technology for better tax administration. Additionally, there is an emphasis on fiscal consolidation, with plans to manage the fiscal deficit more effectively while still providing for essential social welfare programs. The overarching goal is to create a more transparent, efficient, and growth-oriented tax environment that supports India's ambition to become a $5 trillion economy.

Read the Full MSN Article at:
[ https://www.msn.com/en-in/money/unionbudget2017-18/budget-2025-the-dawn-of-simplified-taxation-union-budget-s-vision-for-growth/ar-AA1yJnbD ]