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UK PM Keir Starmer Signals Tax Hikes In October Budget To Rebuild Finances
UK Prime Minister Keir Starmer warned Tuesday that his new government's first budget in just over two months will be "painful", asking the country to "accept short-term pain for long-term good".
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"Drama": Finance Minister Rubbishes Objections To Tax On Insurance Premium
Union finance minister Nirmala Sitharaman, targetted by her critics over the 18 per cent GST on life and medical insurance premiums, retorted today that leaders having objection should first have consulted their state finance ministers.
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Relief For Homeowners As Centre Modifies Long Term Capital Gains Tax
The government on Tuesday proposed a relief to taxpayers with respect to capital gain tax on real estate properties by giving them the option to choose between 20 per cent and 12.5 per cent tax rates.
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"Anti-People In Nature": Mamata Banerjee On Budget Move To Tax Insurance
West Bengal Chief Minister Mamata Banerjee has urged the BJP-led central government to withdraw GST on life and medical insurance premiums, saying that it adversely affects people's ability to take care of their vital needs.
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"Tax On Life's Uncertainties": Nitin Gadkari's Letter To Nirmala Sitharaman
Amid criticism of Budget 2024 from several quarters, Union Minister and senior BJP leader Nitin Gadkari has written to Finance Minister Nirmala Sitharaman, requesting her to withdraw the GST imposed on premiums for life and medical insurance plans.
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Do You Need Tax Clearance Certificate For Going Abroad? Centre Clarifies
After social media outrage over making it mandatory to get tax clearance certificates for going abroad, the government has clarified that the proposed amendment is not for all, and only those accused of financial irregularities.
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Tax Body Clarifies Acquisition Cost Of Real Estate Bought Before 2001 For LTCG
The cost of acquisition of real estate properties purchased before 2001 will be the fair market value (FMV, not exceeding the stamp duty value) as of April 1, 2001, or the actual cost of the land or building for the purpose of calculation of LTCG.
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"We Pay Taxes Like In England But Get Services Like In Somalia": AAP's Raghav Chadha
Rajya Sabha MP Raghav Chadha on Thursday voiced strong criticism of the Union Budget 2024, presented by the NDA government in its third-consecutive term, and said, "India is paying taxes like England and receiving services like Somalia."
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How Much Those Earning Between Rs 10-25 Lakh Will Save In Taxes Now
Finance minister Nirmala Sitharaman on Tuesday increased the standard deduction for salaried employees from Rs 50,000 to Rs 75,000.
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Scenarios Where New Long-Term Capital Gains Tax Structure Is Beneficial
One of the benefits of simplification of any tax structure is that it removes differential rates for various classes of assets, Finance Ministry sources said, responding to feedback from the public on the changes in LTCG tax.
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Opinion | These Are The Budget's Two Key Messages For The Future
Despite the pre-budget hype and multitude of expectations, two principles stand out for the medium and long-term: steadfast adherence to fiscal prudence and a simplified, uniform tax structure devoid of concessions.
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Why Imported Phones May Become Cheaper After Union Budget
Finance Minister Nirmala Sitharaman has slashed customs duty on mobile phones and their components, a move that could see a reduction in prices of imported handsets
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Sensex, Nifty Open Lower Day After Budget Announcements
Stock market benchmarks indices Sensex and Nifty declined in early trade on Wednesday, extending their Budget day fall, after the government proposed to hike securities transaction tax on futures & options.
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Opposition MPs' "Symbolic Walkout" Of Rajya Sabha Amid Row Over Budget
INDIA bloc leaders staged protests in and outside Parliament today against what they describe as "discrimination" against opposition-ruled states in the recently unveiled Union Budget.
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Rajasthan Gets New Industrial Park In Union Budget 2024
Rajasthan has received a major industrial park in the first Budget of the BJP-led government at the Centre, with the state receiving Rs 7,000 crore more as a share of Central taxes this time.
-
UK PM Keir Starmer Signals Tax Hikes In October Budget To Rebuild Finances
UK Prime Minister Keir Starmer warned Tuesday that his new government's first budget in just over two months will be "painful", asking the country to "accept short-term pain for long-term good".
-
"Drama": Finance Minister Rubbishes Objections To Tax On Insurance Premium
Union finance minister Nirmala Sitharaman, targetted by her critics over the 18 per cent GST on life and medical insurance premiums, retorted today that leaders having objection should first have consulted their state finance ministers.
-
Relief For Homeowners As Centre Modifies Long Term Capital Gains Tax
The government on Tuesday proposed a relief to taxpayers with respect to capital gain tax on real estate properties by giving them the option to choose between 20 per cent and 12.5 per cent tax rates.
-
"Anti-People In Nature": Mamata Banerjee On Budget Move To Tax Insurance
West Bengal Chief Minister Mamata Banerjee has urged the BJP-led central government to withdraw GST on life and medical insurance premiums, saying that it adversely affects people's ability to take care of their vital needs.
-
"Tax On Life's Uncertainties": Nitin Gadkari's Letter To Nirmala Sitharaman
Amid criticism of Budget 2024 from several quarters, Union Minister and senior BJP leader Nitin Gadkari has written to Finance Minister Nirmala Sitharaman, requesting her to withdraw the GST imposed on premiums for life and medical insurance plans.
-
Do You Need Tax Clearance Certificate For Going Abroad? Centre Clarifies
After social media outrage over making it mandatory to get tax clearance certificates for going abroad, the government has clarified that the proposed amendment is not for all, and only those accused of financial irregularities.
-
Tax Body Clarifies Acquisition Cost Of Real Estate Bought Before 2001 For LTCG
The cost of acquisition of real estate properties purchased before 2001 will be the fair market value (FMV, not exceeding the stamp duty value) as of April 1, 2001, or the actual cost of the land or building for the purpose of calculation of LTCG.
-
"We Pay Taxes Like In England But Get Services Like In Somalia": AAP's Raghav Chadha
Rajya Sabha MP Raghav Chadha on Thursday voiced strong criticism of the Union Budget 2024, presented by the NDA government in its third-consecutive term, and said, "India is paying taxes like England and receiving services like Somalia."
-
How Much Those Earning Between Rs 10-25 Lakh Will Save In Taxes Now
Finance minister Nirmala Sitharaman on Tuesday increased the standard deduction for salaried employees from Rs 50,000 to Rs 75,000.
-
Scenarios Where New Long-Term Capital Gains Tax Structure Is Beneficial
One of the benefits of simplification of any tax structure is that it removes differential rates for various classes of assets, Finance Ministry sources said, responding to feedback from the public on the changes in LTCG tax.
-
Opinion | These Are The Budget's Two Key Messages For The Future
Despite the pre-budget hype and multitude of expectations, two principles stand out for the medium and long-term: steadfast adherence to fiscal prudence and a simplified, uniform tax structure devoid of concessions.
-
Why Imported Phones May Become Cheaper After Union Budget
Finance Minister Nirmala Sitharaman has slashed customs duty on mobile phones and their components, a move that could see a reduction in prices of imported handsets
-
Sensex, Nifty Open Lower Day After Budget Announcements
Stock market benchmarks indices Sensex and Nifty declined in early trade on Wednesday, extending their Budget day fall, after the government proposed to hike securities transaction tax on futures & options.
-
Opposition MPs' "Symbolic Walkout" Of Rajya Sabha Amid Row Over Budget
INDIA bloc leaders staged protests in and outside Parliament today against what they describe as "discrimination" against opposition-ruled states in the recently unveiled Union Budget.
-
Rajasthan Gets New Industrial Park In Union Budget 2024
Rajasthan has received a major industrial park in the first Budget of the BJP-led government at the Centre, with the state receiving Rs 7,000 crore more as a share of Central taxes this time.
