Finance Minister Nirmala Sitharaman announces budget 2021 for tax reforms; relief for elderly

Talking about Direct Tax Proportion in the new budget 2021 announced today by the Finance Minister Nirmala Sitharaman, she said that the govt introduced a series of reforms in the tax system for the benefit of taxpayers and the economy. Few months before the pandemic the govt recuded the cooperate tax in the country to make it the lowest in the world. The Dividend Distribution Act was also abolished. The burden on small taxpayers was reduced by increasing rebates. Faceless assessment has been introduced by the govt. Relief to senior citizens has also been proposed. Compliance burden will be reduced on the senior citizens. Listen in to know more!