Happy Makar Sankranti
CA Raj Chawla
We wish you and your family a very Happy Makar Sankranti. God bless you with all Happiness and Prosperity in your life.
Quotes of the day:
1. No amount of Money can buy a LIFE or HAPPINESS. The Beauty of Happiness lies in Sharing and Giving. We make a Living by what we GET. We make a life by what we GIVE.
2. Journey of Life is Exciting when you CHALLENGE your OWN WEAKNESSES.
Sometimes your ENEMY Teaches you Better than your FRIENDS. Be Thoughtful.
NICAI Update:
1. Union Budget 2026-27 is expected to focus on supporting Micro, Small, and Medium Enterprises (MSMEs) with tax relief and credit support. Industry bodies have urged the government to provide easier taxes, cheaper credit, and simpler rules for small businesses .
2. Key Expectations:
Tax Relief: Simplification of the personal income tax system through lower TDS rates and a threshold structure to boost consumption.
3. Credit Support: Reintroduction of an interest subvention scheme for MSMEs, with a 2% interest subsidy on new and incremental loans from banks and NBFCs.
4. Fiscal Deficit: Government aims to maintain fiscal discipline, with a target to reduce the fiscal deficit to 4.4% of GDP in FY26.
5. Infrastructure Spending: Increased allocation for infrastructure development, including railways, roads, and urban infrastructure .
6. Industry Demands:
MSMEs: Easier access to financing, reduced regulatory burdens, and enhanced global competitiveness.
7. Pharma Sector: Rationalization of GST rates on key raw materials, restoration of tax incentives on R&D spend, and expansion of PLI schemes.
8. Retail Sector: Clarity on National Retail Policy, which focuses on ease of doing business by rationalizing licensing processes and enhancing credit inflow
9. Budget Highlights:
The budget is expected to emphasize consumption-led growth, support for manufacturing, and reforms in banking and capital markets. The government may also focus on fiscal consolidation, debt sustainability, and promoting private sector participation .
10. For getting more updates and developments in the CA professional, kindly follow our LinkedIn : https://www.linkedin.com/feed/
With best regards
CA (Dr) Raj Chawla
B.Com (Hons), FCA, FCS, FCMA, LLB
MIMA, DISA, MICA, Phd, ASA (Aust), CMP (USA)
712, New Delhi House
27,Barakhamba Road, New Delhi-110001
Ph. Off. 011-43581083
Cell: 98110-81083