FLO Bangalore’s Business Finance Vertical hosted a virtual session analyzing the Union Budget 2025. Ashwanth Pai and Bhavani Mujakari of ASA Associates provided expert insights into the budget’s complexities and key changes.
Key highlights included the introduction of a new income tax regime for individuals and HUFs, enhanced support for IFSC units and startups through extended tax deduction timelines, the abolition of TCS on the sale of goods exceeding INR 5 million, clarifications on ULIP taxation, the implementation of a presumptive taxation scheme for non-residents in specific technology sectors, and changes to customs duties and the Agriculture Infrastructure and Development Cess. The session enabled attendees to gain a better understanding of the budget’s implications.
