Budget FY22 to provide clear roadmap for economic growth: KPMG ANI | Updated: Jan 27, 2021 17:32 IST
New Delhi [India], January 27 (ANI): The Union Budget for 2021-22 due to be presented on February 1 is expected to introduce more relief measures as well as an economic stimulus package to support the economy in the wake of Covid-19 pandemic, professional services firm KPMG said on Wednesday.
It is set to provide India Inc with a clear roadmap out of the pandemic ridden economic distress towards higher economic growth, it added after capturing expectations of nearly 250 important stakeholders on various tax aspects.
With the government facing the prospect of significantly increased expenditure in coming year especially in the area of public health a large majority of the respondents (20 per cent) believe that the government s revenue needs can be met through increased collections fuelled by an economic recovery as well as improved technol
Govt should eye better collections than raising taxes for funds: Survey
By IANS |
Published on
Wed, Jan 27 2021 17:18 IST |
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Tax. (IANS Infographics). Image Source: IANS News
New Delhi, Jan 27 : A fund-starved government will be better off looking at increased collections fuelled by an economic recovery and improved technology driven enforcement rather than through the introduction of new taxes, a KPMG survey showed on Wednesday.
According to the pre-budget survey 2021-22, only 2 per cent of the respondents feel that raising taxes would be the solution to mobilise additional revenue for the government that sees an increase in its expenditure due to the pandemic.