Tax Amendments Expected in Union Budget 2013

THE GOVERNMENT HAS BEEN TRYING TO MAKE THE TAX LAWS SIMPLER EVERY YEAR; HOWEVER, THERE ARE NUMEROUS AMENDMENTS REQUIRED IN THE TAX LAWS. THE UNION BUDGET FOR THE FY 2013-14 WILL BE PRESENTED BEFORE THE PARLIAMENT ON 28TH FEBRUARY 2013 AND THE FINANCE MINISTER HAS PROMISED MANY REFORMS EXPECTED TO COMBAT INFLATION ALONG WITH STABLE TAX RATES. THERE MAY ALSO BE SOME CHANGES IN THE TAX SLABS TO PROVIDE SOME RELIEF FROM THE EVER-GROWING INFLATION. HERE ARE A HANDFUL OF THE NUMBER OF AMENDMENTS EXPECTED AND PREDICTED BY ANALYSTS IN THE UNION BUDGET FOR 2013-2014.