“The most important direction expected in coming budget would be tax rationalization and a clear roadmap for GST implementation within the next 12 months. This would bring transparency and bring simplicity in the tax regime and allow businesses more flexibility on operations across the country. Further, the government should allow 100% depreciation for software spends by corporations. Investment in IT both hardware and software is a productivity enabler, which should be encouraged during tough market conditions. Lastly, professionals should be allowed tax rebates for skills upgrade training costs. This will encourage the Indian workforce to remain globally competitive and strengthen our ability to move up the value chain.”Manoj Chugh
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