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CA Jasmeet Singh

In God We Trust, The... • 5m

Budget 2025

Havish

. • 5m

Sir, since you are a Ca, I have one question. So since the Gov have reduced taxes, it would reduce tax collection. And i guess, gov's logic is that it would increase disposable income leading to more spending which will cause economic boost. So my

CA Jasmeet Singh

In God We Trust, The... • 5m

Hey Havish, Good Question ! I think as the Government has reduced taxes which has led to revenue loss to government will somehow be recovered by the Government of India. A major chunk of people in India do not pay tax irrespective of the fact the

Havish

. • 5m

Understood. That would really be a big issue. Maybe checking bank statements would help in it, but today when getting loans is super quick because of Fintech starups(who just chek credit score and income). It's really gonna be hard to fight back. Anyways, thanks a lot for answering my question.

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CA Jasmeet Singh

In God We Trust, The... • 5m

Exactly Brother. Let's see how the economy reacts onto this.

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