Home > Press Coverage Released On: Jan 25th 2023
Today, leading tax tech startup EZTax released its pre-budget 2023 expectations and how such a budget could be funded as part of its yearly straight talk sessions on pre- and post-budget analysis.
EZTax sees a significant shift from status quo budgeting with a firm focus on self-reliant India and an increase in defence and infrastructure spending to boost the private sector spending.
War, Recession, Layoffs, and inflation are the four major keywords floating around the world for the past several months. Despite of such fears Indian economy has done a phenomenal job in standing tall except in case of more than usual inflation.
EZTax sees Budget 2023 as a pivot for a significant shift from status quo budgeting with a firm focus on self- reliant India and an increase in defence and infrastructure spending to boost the private sector to catch up with what is needed for a major economy, shattering recessionary fears around the world for an isolated growth.
EZTax.in further expecting the Budget 2023 under the leadership of Hon’ble Finance Minister Smt. Nirmala Sitharaman to have below set of key changes. Visit https://eztax.in/budget for a complete list of expectations.
"While the overall economy is progressing and showing resilience and confidence, it is vital to take care of the employment issue in India. Frameworks and budget allocation should be reoriented toward achieving a higher employment outcome, this also means to continue to have a higher Capital expenditure by reducing revenue expenditure that was raised during COVID times." said Suneel Dasari, Founder and CEO at EZTax.in
"Mr. Dasari further said, "The untapped, low-hanging fruit for higher revenue to fund Budget 2023 is the tax collection "from the non-compliant"."
EZTax sees Budget 2023 to have a higher or on-par Capital Expenditure compared to FY 2022-23 when the world is facing a recessionary environment. This seems to be a bold, inward looking, and a much-needed step for India.
Since 2016, EZTax has been assisting taxpayers and has made tax consultation services an integral part of its service offerings, which include income tax, GST, TDS, business advisory, and compliance. Today, we are helping not only the Indian resident taxpayers but also the NRIs located in 37+ countries around the world. Learn more about the consultation service, speak with an EZTax representative via the chat window and engage or take the service, or schedule an appointment directly through the EZTax.in portal.
EZTax, a tax tech start-up, provides comprehensive, end-to-end tax solutions in the areas of income tax, TDS, GST, accounting, and registrations for both individuals and SME businesses through software, apps, and expert services.
EZTax Budget Coverage: https://eztax.in/budget
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Press Release material @ https://eztax.in/press-coverage