<h1>Union Budget 2023-24: Simplified Tax Compliance, Extended Start-Up Benefits, and New Tax Relief Measures for Entrepreneurs.</h1> The Union Budget 2023-24 introduces direct tax proposals to simplify compliance, promote entrepreneurship, and provide tax relief. Key measures include a next-generation IT return form, enhanced presumptive taxation limits for micro enterprises and professionals, and a 15% concessional tax rate for new manufacturing cooperatives. The date for start-up tax benefits is extended to March 2024, with loss carry-forward extended to ten years. The budget also proposes deploying 100 Joint Commissioners for small appeal disposals and caps deductions on capital gains for residential investments. Additional proposals focus on rationalization, improved compliance, and tax exemptions for specific authorities and funds.