ICSI welcomes the Union Budget 2021

The Institute of Company Secretaries of India (ICSI) welcomes Budget 2021, unveiled by the Finance Minister Nirmala Sitharaman on 1st Februar y, 2021. Budget 2021 proposed a boost for the healthcare sector with a significant increase of 137% in the outlay. The decision of a total spend of around Rs. 2 lakh crore on healthcare with Rs. 35000 crore on Covid-19 vaccine development and inoculation is a much needed step. With no income tax return filing for senior citizens above 75 years having only pension and interest income, and setting up of faceless dispute resolution committee for individual tax payers, the Institute applauds the ease provided in compliance for seniors and small tax payers and making Income Tax Appellate Tribunal faceless,” said CS Nagendra D Rao, President, ICSI.