Union Budget News

Budget 2024-25: Enhanced Powers of Commissioner (Appeals) to Address Pendency from October 2024

24 July 2024 at 09:07

Considering the huge pendency of appeals and disputed tax demands at the Commissioner (Appeals) stage, it is proposed that the cases where assessment order was passed as best judgement case under section 144 of the Act, Commissioner (Appeals)

Posted in Union Budget | 210 Views

Budget 2024-25: Amendments in Sections 245Q and 245R related to Advance Rulings

24 July 2024 at 09:05

Amendments in Sections 245Q and 245R related to Advance Rulings

Posted in Union Budget | 294 Views

Budget 2024-25: FM proposes to discontinue quoting of Aadhaar enrolment ID in place of Aadhaar number

24 July 2024 at 09:04

Discover the latest proposal from the Budget 2024-25 as Finance Minister suggests discontinuing the use of Aadhaar enrolment ID in favor of the Aadhaar number. ..

Posted in Union Budget | 2025 Views

Budget 2024-25: Amendments to the Prohibition of Benami Property Transactions Act, 1988

24 July 2024 at 09:03

Amendments to the Prohibition of Benami Property Transactions Act, 1988

Posted in Union Budget | 474 Views

Union Budget 2024-25: Advancing Economic Growth through Infrastructure Initiatives

24 July 2024 at 09:02

This budget envisions sustained efforts across nine key priorities to generate ample opportunities for all, in pursuit of Viksit Bharat.

Posted in Union Budget | 210 Views

Budget 2024-25: FM Sitharaman Proposes Eight New Measures to Boost MSMEs

23 July 2024 at 16:23

"This budget provides special attention to MSMEs and manufacturing, particularly labour-intensive manufacturing," stated Union Minister for Finance and Corporate Affair Smt. Nirmala Sitharaman while presenting Union Budget 2024-25, in Parliament today.

Posted in Union Budget | 585 Views

Budget 2024-25: FM allocates more than Rs 11 lakh crore for Capital Expenditure

23 July 2024 at 15:21

Acknowledging the strong multiplier effect of building and improving infrastructure on economy, FM Nirmala Sitharaman while presenting the Budget 2024-25 in Parliament today announced the provisioning of Rs 11,11,111 crore for capital expenditure.

Posted in Union Budget | 1746 Views

Budget 2024-25: Angel Tax For All Classes Of Investors To Be Abolished

23 July 2024 at 15:13

The Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman proposed to abolish 'angel tax' for all classes of investors, while presenting the Union Budget 2024-25 in Parliament today.

Posted in Union Budget | 2019 Views

Budget 2024-25: New TDS Section 194T Proposed in Partnership Firms Starting 1st April 2025

23 July 2024 at 15:00

It is proposed that a new TDS section 194T may be inserted to bring payments such as salary, remuneration, commission, bonus and interest

Posted in Union Budget | 3 comments | 9876 Views

Budget 2024-25: All GST, Customs and Income Tax Services to Go Digital in Two Years

23 July 2024 at 14:53

Smt Nirmala Sitharaman announced that all the services under GST, Customs and Income Tax including rectification and order giving effect to appellate orders will be digitalized and made paperless over the next two years.

Posted in Union Budget | 2895 Views