Budget 2023: Income tax changes that professionals, small businesses want

[IndiaInsurance]

https://img.etimg.com/photo/97241574.cms (https://economictimes.indiatimes.com/wealth/personal-finance-news/budget-2023-income-tax-changes-that-professionals-small-businesses-want/articleshow/97241574.cms)The government has amended various provisions of the Income-tax Act to make it business-friendly for smal businesses and professionals. However, there are still provisions in the Income-tax Act, that needs amendments to keep up with the changing times. Here is what the government should consider rationalising certain income tax provisions for small business and professionals in Budget 2023.

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