Search For "tax"
New tax proposal without indexation for real estate is beneficial in most
Updated : 1 year, 11 months ago IST
In a social media post on "X" the income tax department says the proposed new tax rate without indexation is beneficial in most cases.
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Budget has given new incentives to taxpayers for filing tax returns under
Updated : 1 year, 11 months ago IST
Under the proposed provisions, if a salaried or a retired taxpayer chooses the new tax regime, he will now get a standard deduction of Rs 75,000 instead of Rs 50,000, which was applicable till last year, on his/her salary or pension income. But for those who opt for the old tax regime the st
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UKIBC welcomes corporate tax cut for foreign companies from 40 PC to 35 pc
Updated : 1 year, 11 months ago IST
According to a press release, the council also expressed anticipation for the detailed announcements on foreign direct investment (FDI) that are expected to be finalized and published soon.
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Simplified capital gain tax rates for better public understanding, says Re
Updated : 1 year, 11 months ago IST
The changes in the capital gain taxes have been announced to make the rates simple to understand people so that they can understand their tax rates well, said Revenue Secretary, Sanjay Malhotra.
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CM Sukhu alleges partiality in Budget 2024, calls it a compulsion to appea
Updated : 1 year, 11 months ago IST
The Chief Minister said that the Union Budget has once again failed to address the pressing issues that plague our country, particularly unemployment, poverty, and rising prices. Though the increase in the allocation for interest-free loans to states to Rs 1.5 lakh crore from the existing a
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"Reforms in custom duties will support domestic manufacturing": Finance Mi
Updated : 1 year, 11 months ago IST
In her budget speech in Parliament today, Finance Minister Nirmala Sitharaman said that the budget proposals for customs duties intend to support domestic manufacturing, deepen local value addition, promote export competitiveness, and simplify taxation while keeping the interests of the gene
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Budget sets in new era of growth and development to make India leading eco
Updated : 1 year, 11 months ago IST
BJP national general secretary Tarun Chugh on Tuesday lauded the annual budget as the beginning of a new chapter in the national economy.
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"Shameful to see Delhi govt demanding funds for MCD from Centre ": Raja Iq
Updated : 1 year, 11 months ago IST
The leader of opposition in Municipal Corporation of Delhi (MCD), Raja Iqbal Singh said that it's shocking to see Delhi's Finance Minister Atishi and Mayor Dr Shelly Oberoi demanding special funds equivalent to 5 per cent of total direct taxes collected from Delhi from Centre for MCD even as
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Budget 2024 makes provisions for middle-class to fulfil home ownership dre
Updated : 1 year, 11 months ago IST
Union Minister Ashwini Vaishnaw on Tuesday said that the 2024-25 budget includes provisions to simplify tax rates, reduce taxes, and help middle-class families fulfil their dream of owning a home.
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Industry leaders hail Union Budget as roadmap of Viksit Bharat
Updated : 1 year, 11 months ago IST
The industry leaders said that the continued capital expenditure-led growth, like spending on infrastructure, and housing will spur growth. The industry leaders further added that the budget also provides some degree of demand stimulus by giving certain tax reliefs, particularly the middle c
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Startups laud Budget announcement for abolishing angel tax, a long-pending
Updated : 1 year, 11 months ago IST
The abolition of the angel tax has brought relief to startups amidst the persistent funding winter.
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Fund allocations to key sectors and schemes hiked in budget
Updated : 1 year, 11 months ago IST
The revenue to the government is generated from multiple sectors. Income tax contributes 19 per cent, borrowings and liabilities stand as the largest source at 27 per cent, and GST along with other taxes accounts for 18 per cent.
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