Budget 2024 News
India’s net direct tax collections, comprising corporate tax and personal income tax, shot up by a robust 15.4 per cent to Rs 12.1 lakh crore, from April 1 to November 10 during the current financial year, according to the latest figures released by the CBDT.
Check out the direct link which is accessible to the stakeholders/experts/public in the E-filing portal.
From tomorrow, i.e 1 October 2024, several proposals announced by Finance Minister Nirmala Sitharaman during her Budget 2024-25 announcement will come into effect.
Here Are 6 Income Tax Rules That Will Be Effective From October 1
The Union Finance Minister further advised the banks to ensure compliance with the Reserve Bank of India’s guidelines on the handover of security documents after closure of the loans and directed that there should not be any delay in handing over the documents to the customer.
In the Finance Bill, Sitharaman proposed a flat long-term capital gains tax of 12.5 percent with no indexation benefits.
FM Nirmala Sitharaman announced in the Budget speech that the Centre will launch a scheme for internship opportunities for the youth in the top 500 companies of India as part of the Union Budget 2024-25.
In the education, employment, and skilling sector, earlier in 2013-14, Rs 85,000 crore was allocated; now it is Rs 1.48 lakh crore, which is 23 percent more allocation than last year, Rs 28,000 crore more than last year.
An individual's salary is taxed as per his/her income tax structure and pay bracket. However, if you judiciously use the savings instrument prescribed in the Income Tax laws, you can save a huge amount on your taxes. Here's how.
Before the Lok Sabha polls, Rahul Gandhi had alleged that there were only 3 OBC officers among the top 90 bureaucrats.
The Conference is being organised by the Confederation of Indian Industry (CII) and is aimed at presenting the outline for Government’s larger vision for growth and industry’s role in this endeavour.
iPhone Price Cut: This is the first time that Apple has reduced prices for its Pro models. However, the company usually discontinues Pro models after the new generation of Pro models are launched.
FM Sitharaman was responding to a hike in the Short Term Capital Gains and Long Term Capital Gain taxes, which drew criticism from many quarters.
The Revenue Secretary further stated that the efforts of the government will continue to provide a hassle-free, simple, and collaborative approach towards the implementation of taxes.
Major changes regarding taxation on capital gains were announced by Finance Minister Nirmala Sitharaman in Union Budget 2024. Here's all about them.
Let's have a look at the various income tax adjustments announced by Finance Nirmala Sitharaman in her Budget 2024 speech and their effective dates.
Sunil Tyagi, Maging Partner, Zeus Laws, in a candid conversation with Reema Sharma of Zee News has shared a detailed calculation on both the scenario --Indexation and new LTCG -- when a house is bought before 2001 and after 2001. Here's all you want to know.
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