‘Budget 2021 is balanced in real sense’
   Date :09-Feb-2021

Budget 2021_1  
 
 
Business Bureau ;
 
INSTITUTE of Chartered Accountants of India Nagpur branch has recently organised a programme ‘Immediate reaction on Union Budget 2021’, wherein expert CAs from the city expressed their reactions on the Union Budget 2021. Chairman of Nagpur branch CA Kirit N Kalyani said, “The expectations of public from Modi Government are huge. But looking to the disruptions on account of COVID, challenges this year, are many. Hence, on many fronts provisions are made on account of compulsion which needs to be understood. Still, Finance Minister Nirmala Sitaraman has been able to present a balanced Budget in real sense.”
 
CA Rajesh Loya Past Chairmen Nagpur Branch said that in overall perspective of the economy, FM has tried to give a Budget to boost economy in the best manner possible. Talking on trade and industry, CA Samir Bakre, former Chairman, Nagpur branch complimented the Finance Minister for her initiatives for startup’s, promotion for solar energy and electrical car segment. On indirect tax proposals, CA Milind Patel, former Chairman, Nagpur Branch said, “There is a need for every assesse to link their Aadhar number with their GST registration details. FM proposes ‘Turant Customs’ initiative for faceless, paperless and contactless customs measures.
 
This will ensure transparency”. On direct tax proposals, CA Naresh Jakhotia said that the concept of pre-filled Income Tax Returns with details of capital gain is a welcome step.” On economy and capital markets, CA Ranjeet Dani said that share markets always react on announcements. Government initiatives like IPO for LIC and measures to move towards privatisation in certain banks, gave due indication in capital market. CA Jiten Saglani, Secretary of Nagpur Branch proposed a vote of thanks. Present were CA Saket Bagdia, Vice Chairman, CA Sanjay M Agrawal, Treasurer, CA Suren Duragkar, IPC, CA Akshay Gulhane, Chairman WICASA, CA Harish Rangwani, CA Kavita Loya, former Chairperson, CA P C Sarda, CA Abhay Agrawal and large number of members.