Sachdev Law & Tax Associates

20/10/2023

05/10/2023

03/07/2023

06/06/2023

Anticipated Tax Measures in the Federal Budget 2023-24

The upcoming federal budget for 2023-24 is expected to include a range of tax measures aimed at achieving a tax revenue target of Rs 9-9.2 trillion.

Let’s take a closer look at some of the expected tax measures:
1: Tax on Undistributed Reserves
2: Continuation of Super tax
3: Shift from Final Tax Regime (FTR) to Minimum Tax Regime (MTR) for Exporters
4: Asset Tax/Wealth Tax
5: Higher Tax on Non-Filers
6: Maintenance of GST at 18%
7: Tax on Agriculture Income
8: Increase in valuation of immovable properties
9: Tax on deemed rental income
10: Tax on Banks
11: Tax on To***co
12: Tax on Beverages
13: Relief Package under BISP
14: Extension of exemption on property and shares

It’s important to note that these points are based on the provided information and are subject to change until the official budget is released.

31/05/2023

07/05/2023