Will income tax news benefit the taxpayers? Union Budget 2023 expectations

Will income tax news benefit the taxpayers? Union Budget 2023 expectations
The current year’s budget announcement, due on February 1, 2023, has a lot of positive changes expected in the capital gains rate of the current tax system, especially from the taxpayers. Particular focus is paid to encouraging long-term equity investing with specific tax provisions.

The Union budget announcement comes with high prior expectations relating to tax deductions, inflation management, higher investment income, social welfare and infrastructure improvement, etc. In a nutshell, people wish for a better tomorrow. Similarly, the current year’s budget announcement, due on February 1, 2023, has a lot of positive changes expected in the current tax system, especially from the taxpayers