Budget 2024 needs to decide if faceless assessment is revolutionising tax landscape or creating hurdles?

Union Budget 2024 Tax: The eagerly awaited Union Budget 2024 in India brings focus to refining the faceless assessment scheme, crucial for taxpayers and corporates. Despite challenges faced in implementation, such as unwarranted additions and arbitrary disallowances, the scheme aims to streamline tax assessments. Reforms and corrective actions are needed for a more effective and fair tax system, fostering business growth and economic development.