In this budget that the transfer pricing arrangements are being made simpler. Advance authorisation is being made simpler and offers certainty. Steps are being taken both for simplifying the process and ease of doing business. Customs laws are also being simplified. Compliances are being eased, and we now want to move to a completely mechanised scanning process for goods to remove individual discretion. Part B of my budget this time carries a number of such steps that give certainty on taxation for the next 20-25 years. These kinds of steps were never taken in India, says FM Nirmala Sitharaman.
