Changes in Capital Gain Taxation by Finance (No.2) Bill, 2024 Q1. What are the major changes brought about in the taxation of capital gains by the Finance (No.2) Bill, 2024? A1. The Finance (No.2) Bill, 2024, introduces significant rationalisation and …
Budget 2024 Announcement: Complete digitalization of all major taxpayer services under GST and most services under Customs and Income Tax within the next two years. In her Union Budget 2024-25 presentation, Union Minister for Finance & Corporate Affairs, Smt. Nirmala …
Experts believe that adjustments to income tax slab rates could be seen in the Budget 2024. Finance Minister Nirmala Sitharaman is gearing up to present the Union Budget on July 23. Taxpayers are eagerly anticipating several potential changes, including a …
The Union Budget 2024-25 is scheduled to be presented on July 23, 2024. Budget 2024-25: The Halwa ceremony, a traditional event marking the final phase of Union Budget preparation, was held in New Delhi on 16 July 2024. Union Minister …
F&O trading involves derivative instruments based on an underlying asset, such as equity shares, commodities, or currencies. A recent report suggests that the government is considering reclassifying profits from futures and options (F&O) trading from ‘business income’ to ‘speculative income’ …
Sources suggest that reducing personal income tax in the budget could spur consumption and increase savings among the middle class. In a bid to boost consumption, the Indian government is considering a reduction in income tax rates in the budget …
The economic agenda of the Budget aims to accelerate reforms, positioning India as a USD 5-trillion economy in the near future and transforming the nation into a ‘Developed India’ by 2047. PTI reports that the Union Budget for the fiscal …
Summary of Tax Related Announcements in the Interim Budget 2024 Explore the latest tax-related updates from the Union Budget 2024-2025, presented by Finance and Corporate Affairs Minister Smt Nirmala Sitharaman. This summary delves into the significant tax measures announced on …
Highlights of Interim Budget 2024: Income Tax & GST Finance Minister Nirmala Sitharaman unveiled the Interim Budget 2024 on February 1, 2024, outlining the financial landscape for the upcoming fiscal year starting April 1, 2024. As widely anticipated, there were …
A Comprehensive List of Relief Measures Expected from Budget 2024Â As we gear up for the interim budget announcement on February 1, 2024, by Union Minister Nirmala Sitharaman, taxpayers eagerly await potential amendments that could impact their financial landscape. Although …
MPC Member of RBI Ashima Goyal Recommends for Taxing Wealthy Farmers in the Budget 2024 to Enhance Tax Fairness As the nation eagerly anticipates the upcoming Interim Budget 2024, Reserve Bank Monetary Policy Committee (MPC) member Ashima Goyal has proposed …
NRAI Urges Government for Restoration of ITC in Budget 2024 In a significant appeal to the government ahead of Union Budget 2024, the National Restaurant Association of India (NRAI) has called for the reinstatement of input tax credit (ITC) for …
Key Expectations of Personal Income-Tax Payers from Interim Budget 2024 As we eagerly await the unveiling of the interim budget on February 1, 2024, all eyes are on the potential adjustments to personal income tax, a topic that captures the …