Interim Budget 2024

Interim Budget 2024: Impact on individuals and India Inc.

In the latest episode of our Interim Budget 2024 series, we discuss the impact of budget announcements on individuals as well as businesses. Our guest, Sonu Iyer,  Partner, People Advisory Services (Tax), EY India, provides valuable insights into the key aspects highlighted by Finance Minister Nirmala Sitharaman. Sonu shares her perspective on key declarations, including dispute resolution and the appeal of the new tax regime. 

Related topics Tax Tax planning Tax accounting

In conversation with:

Sonu Iyer

Sonu Iyer
Partner, People Advisory Services (Tax), EY India

Key takeaways

  • Despite expectations, no changes were made to tax rates in the vote on account.
  • FM's move to resolve long-standing and non-reconciled tax disputes will aid taxpayer convenience and foster smoother operations.
  • To improve the new tax regime, the newly elected government may streamline processes and increase tax credits in the full budget later this year. 
Addressing long-standing tax disputes enhances taxpayer confidence, fostering a smoother tax landscape.
Sonu Iyer
Partner, People Advisory Services (Tax), EY India

For your convenience, a full text transcript of this podcast is available on the link below:  Read the transcript.

If you would like to listen to our podcasts on the go:

Amazon music for Podcasters Google Podcasts Spotify SoundCloud

Podcast

Duration 09m 56s

Subscribe

How EY can help

Tax policy

With global tax policy in flux, planning for potential changes in each jurisdiction becomes even more important for multinationals.

Read more
Economy Watch

Watch provides an in-depth review of salient developments in India’s macro economy and economic policy in a global context.

Read more
Tax technology and data

Technology defines and underpins the workings of the new digital tax function, making it possible to answer the mandates of the global digital economy. Managing tax big data enables efficient compliance and provides insights that facilitate strategic business decisions.

Read more

In this series

Show all podcasts
(Event List - Manual)

Interim Budget 2024: Tax navigation, BEPS 2.0 and energy transition

In the latest episode of our podcast series on Interim Budget 2024, EY India Energy Tax Leader Raju Kumar talks about the critical areas within direct taxation, potential changes in the upcoming budget, and the significance of Base erosion and profit shifting (BEPS) 2.0.
Podcast
Duration
10m 38s

Presenters

Full details

Interim Budget 2024: Balancing growth and fiscal deficit

In the latest episode of our EY India Insights podcasts, prior to the FY25 interim budget due in February, we take a look at the country’s macro-economics, growth prospects, and the need to set a path for fiscal balance. EY India Chief Policy Advisor Dr. D.K. Srivastava delves into the economic intricacies that are shaping India's future.
Podcast
Duration
10m 09s

Presenters

Full details

Budget 2023 and tax litigation

In this podcast we discussed tax litigation, which is something that businesses, large organizations, tax experts and the government all want to tackle. In her Budget speech on 1 February, Finance Minister Nirmala Sitharaman proposed several changes that will modify the taxation for some sectors.
Podcast
Duration
09m 11s

Presenters

Full details

Budget 2023 and its macroeconomic projections

In this podcast, Dr. D.K. Srivastava, Chief Policy Advisor, EY India, talks to us on the key messages from the Economic Survey and the Budget 2023 from a macroeconomic perspective.
Podcast
Duration
12m 18s

Presenters

Full details

Budget 2023 and its impact on individuals

In this podcast, Sonu Iyer, Tax Partner and National Leader – People Advisory Services, EY India, talks to us about the implications of Budget 2023 announcements on individual taxpayers.
Podcast
Duration
16m 49s

Presenters

Full details