Union Budget & Policy News

Finance Ministry to Begin Pre-Budget Meetings from October 10

28 September 2024 at 09:19

The Finance Ministry will kick off its pre-budget discussions on October 10, 2024, starting with the review of key ministries such as New & Renewable Energy and Skill Development & Entrepreneurship.

Posted in Union Budget & Policy | 345 Views

President Murmu Gives Assent to Finance (No 2) Bill 2024

17 August 2024 at 07:47

In a significant development, President Droupadi Murmu on 16th August 2024, Friday gave her assent to the Finance (No 2) Bill, 2024, officially enacting it into law.

Posted in Union Budget & Policy | 3693 Views

Rajya Sabha Returns J&K Appropriation and Finance Bills After Budget Debate

10 August 2024 at 09:02

On Thursday, the Rajya Sabha returned the Appropriation (No. 2) Bill, 2024, the Jammu and Kashmir Appropriation (No. 3) Bill, 2024, and the Finance (No. 2) Bill, 2024, following a vigorous debate over the Budget.

Posted in Union Budget & Policy | 2430 Views

Finance Bill 2024 passed in Lok Sabha With 45 Amendments

07 August 2024 at 22:09

In a major relief to the real estate sector, Lok Sabha on Wednesday approved the Finance Bill 2024 carrying relaxed capital gains tax provisions in respect of land or building.

Posted in Union Budget & Policy | 8949 Views

Govt Considers Decriminalising Delayed TCS Filing in Finance Bill: CBDT Chairman

03 August 2024 at 09:10

The Union Budget has introduced a series of tax simplification measures, with significant implications for TCS compliance. Ravi Agarwal, Chairman of the CBDT, has hinted at the potential decriminalisation of delays in TCS filings

Posted in Union Budget & Policy | 1 comments | 2373 Views

Budget 2024: Property Owners to Face Higher Taxes as Loophole is Plugged

31 July 2024 at 08:58

In the Union Budget 2024, Finance Minister Nirmala Sitharaman announced a significant change in the taxation of rental income from residential properties. To curb tax evasion, it has been mandated that such income can only be declared under the 'Inco

Posted in Union Budget & Policy | 2 comments | 4827 Views

New Fund Established to Support MSMEs Amidst Controversial 45-Day Payment Rule

31 July 2024 at 08:56

In the Union Budget 2024-25, FM has addressed the central government’s controversial 45-day payment rule by announcing a new fund in collaboration with banks to support India's cash-strapped MSMEs.

Posted in Union Budget & Policy | 2748 Views