Union Budget News

Union Budget 2025: Tax Incentives for Fixed Deposits on the Table to Boost Middle-Class Savings

06 January 2025 at 08:54

As the Union Budget 2025 approaches, Finance Minister Nirmala Sitharaman is actively engaging with representatives from the financial sector to consider key recommendations aimed at boosting middle-class savings.

Posted in Union Budget | 1 comments | 2232 Views

ICAI Submits Suggestions on Comprehensive Review of the IT Act 1961 and Pre-Budget Memorandum 2025

04 January 2025 at 08:58

Explore ICAI's preliminary inputs on the Comprehensive Review of the Income-tax Act, 1961, discussed during a stakeholder consultation chaired by the Revenue Secretary on September 18, 2024

Posted in Union Budget | 3333 Views

Budget 2025 Preview: FM Sitharaman's Strategies to Address Inflation and Growth

11 December 2024 at 09:05

In the July 2024 Budget, Finance Minister Nirmala Sitharaman aimed to provide relief to India's middle and lower-income households by widening the income tax slab for zero tax and increasing the standard deduction for salaried individuals.

Posted in Union Budget | 1677 Views

Union Budget 2025: Key Reforms Expected for Direct Tax Code Implementation

04 December 2024 at 08:50

The Union Budget 2025 is expected to bring significant changes to India's income tax framework, with the long-awaited implementation of the Direct Tax Code (DTC) marking a major step toward overhauling the country's direct tax system.

Posted in Union Budget | 5073 Views

Govt Considering Arbitration Mechanism to Resolve Tax Disputes in Budget 2025

25 November 2024 at 09:07

The Indian government is actively exploring the introduction of an arbitration mechanism to address tax disputes, a move aimed at easing the litigation burden on both taxpayers and officials.

Posted in Union Budget | 1641 Views

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 | 237 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 | 3510 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 | 2217 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 | 8829 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 | 1 comments | 2199 Views