The Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman presented the Union Budget 2023-24 in Parliament today.
My expectations for the 2023 budget are unique. Instead of requesting an increase in tax deductions for the middle class (such as through raising Section 80C, 80D, and 24(b)), I believe the government should focus on attracting wealthy individuals to live and invest in India.
We would like to make some suggestions on Income Tax & GST as our Pre-Budget Memorandum for Budget 2023
Expected Changes in GST | Union Budget 2023-24
Section 194 of the Indian Income Tax Act governs the TDS (Tax Deducted at Source) on payment of dividends.
Foreign Investment in India is governed by the FDI policy announced by the Government of India and the provisions of the Foreign Exchange Management Act (FEMA) 1999.
This year, the budget is likely to be growth-oriented with a focus on capex, manufacturing, infrastructure, and rural economy. This budget is also the last full budget of the Government before the General elections in 2024.
As you are aware that, the period of Jan-March is a period in which we salaried personal are in tremendous stress to save our taxes and the instruments in which we have to invest to save taxes.
In this article we will discuss whether GST officer have power to seize cash during search operation or not?
Tax Compliance Tracker for the month of February 2023
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English