Budget 2017 is directionally correct, fiscally prudent and strengthens the governance fabric of the nation. Budget has addressed most of the issues on expected lines. The focus remained where it was and focus is on improving the compliance by broadening the tax base both on direct and indirect tax front. Please find attached Nangia & Co- INDIA BUDGET STATEMENT 2017 summarizing the key proposals on direct and indirect taxes, along with sector wise impact of the same.