Direct tax: Budget gives a blueprint for sustained high-growth trajectory

Presently, no TDS is required on interest payable in the case of listed dematerialised securities

The Union Budget for 2023-24 builds on the vision set out in the previous Budgets and provides a blueprint for steering the economy towards a sustained high-growth trajectory in the 25-year-long lead up to India@100.

India, showing a strong rebound from the global pandemic and economic challenges, has a vision of a technology-driven and knowledge-based economy with focus on strengthening the macro-economic environment and inclusive growth by providing opportunities to citizens, and specifically youth.

The key direct tax proposals aimed at continuity and stability of taxation, promoting entrepreneurial spirit, simplification and rationalisation of tax provisions.

CONTINUITY AND STABILITY
 

Corporation tax