Finance Minister Nirmala Sitharaman is expected to present the Union Budget for FY25 on July 23 or 24, according to some reliable sources. However, there is no official confirmation on the exact date of the budget presentation.
Union Finance Minister Smt. Nirmala Sitharaman chairs Pre-Budget consultation with Finance Ministers of States/ Union Territories (with Legislature) for taking suggestions for Union Budget 2024-25
On Wednesday, Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, chaired the first pre-budget consultation in preparation for the General Budget 2024-25.
The government is reportedly considering significant reforms to the current income tax structure, specifically targeting lower income levels, to enhance consumption and stimulate economic activity.
The Ministry of Finance, Department of Revenue, Tax Research Unit has taken a proactive step towards inclusive policy-making by inviting suggestions from Industry and Trade Associations for the upcoming Budget 2024-25.
The Kurar Police has initiated legal action against individuals accused of defrauding a chartered accountant, Pradeep Parameshwarlal Banka, to the tune of Rs 4.11 crore.
The Indian government has officially notified the Finance Act, 2024, after its passage through the Parliament and receiving the President's assent on February 15, 2024.
On Wednesday, the Lok Sabha marked a significant milestone in India's fiscal landscape by passing the Finance Bill 2024, effectively concluding the legislative process for the interim budget 2024-25.
In a significant development, Nitin Gupta, Chairman of the Central Board of Direct Taxation (CBDT), has announced that the process of tax return filing has been streamlined, reducing the turnaround time to just 10 days. G
ICAI appreciates the interim budget and feels that the structural reforms taken by the Government have now started bearing the fruit and is laying the foundation for a stronger and resilient new India.
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