Experts Call For New Tax Code To Drive ‘Vikshit Bharat’ Vision

Experts emphasized the need for a holistic new Tax Code ahead of the Budget, focusing on lower rates, a broader base, and improved collections and compliance for a “Vikshit Bharat.” They proposed a new approach with flat, fewer tax rates, reduced litigation, an inclusive tax base, and efficient collection to boost tax revenues and drive economic growth toward India’s 2047 vision.