Budget Taxation
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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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Union Budget 2024: Aimed At Helping Automotive Retail Industry
The auto industry reacts to the Union budget 2024 with a positive approach. It believes the adjustments in personal taxation could improve retail.
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Budget Could Bring In More Standardised Approach To Taxation: Report
The full budget for 2024-25, to be presented in Parliament on Tuesday, could possibly increase capital expenditure and may usher in a more standardised approach to taxation, Moody's Analytics said.
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Investors Expect Crypto Tax Could Continue as Nirmala Sitharaman Returns as Finance Minister
The Indian crypto circle has been waiting for FM Sitharaman to revise the tax laws imposed over the crypto sector. Despite the outcry, the finance minister did not announce any taxation relief for the crypto sector while presenting the interim annual budget earlier this year. Her re-appointment to the finance minister’s position has sparked conce...
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Budget 2024: What To Expect From This Year's Budget
Ahead of the Union Budget 2024, experts and analysts have come up with different predictions on the government's move on fiscal deficit, taxation and the spending on welfare schemes. As several global financial services firms have predicted
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New Tax Regime Attractive, Gives Greater Rebates: Finance Minister
"This country has been waiting for direct taxation to be simplified. Therefore, the new taxation regime that we brought in for direct taxation two, three years ago has now got greater incentives and greater attraction," Nirmala Sitharamna said.
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Centre Proposes To Enhance Presumptive Taxation Limit For MSMEs
The government today proposed to enhance the limit for presumptive taxation for MSMEs and certain professionals provided their cash receipts are less than 5 per cent of the total turnover or gross receipts.
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Budget 2023: What's The Role Of Finance Bill
The Finance Bill is presented before the Parliament every year as part of the Union Budget documents. It is a Money Bill, which is used to implement changes in taxation proposed in the annual Budget. Finance Minister Nirmala Sitharaman will present the Union Budget 2023-24 in Parliament on February 1.
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Portugal Planning to Impose a 28 Percent Capital Gains Tax for Crypto
Portugal has long exempted individuals from paying capital gains tax on crypto earnings, but Finance Minister Fernando Medina says it’s time to pay up. Medina is calling for a 28 percent capital gains tax on earnings made from crypto assets held less than one year, according to a draft 2023 budget introduced to Portugal’s parliament Monday.
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1% TDS To Be Charged On Cryptocurrency Transactions From July 1. Here's What It Means
A TDS deduction of 1 per cent was announced by Finance Minister Nirmala Sitharaman in the Union Budget 2022-23 on all virtual digital asset transfers
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Crypto Tax Amendments Approved by Lok Sabha, Set to Be Implemented Starting April 1
Taxation of virtual digital assets (VDAs) or "crypto tax" proposed in the Union Budget 2022-23 is set to be implemented from April 1, as the Lok Sabha passed the Finance Bill, 2022.
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Lok Sabha Passes Finance Bill; Completes Budgetary Exercise For FY-2023
The Lok Sabha on Friday approved the Finance Bill, which gives effect to new taxation, thus completing the Budgetary exercise for 2022-23 fiscal.
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Cryptocurrency Assets Sold At A Profit Will Be Subject To A 30% Tax From April 1. Here’s What You Should Know
The Union Budget 2022-23 had proposed a 30 per cent tax on cryptocurrency assets
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Crypto Tax: Most Industry Insiders Laud India’s 'Regulate Over Restrict' Approach, But Few Concerns Remain
Finance Minister Nirmala Sitharaman levied a 30 percent tax on income generated from the transfer of virtual digital assets. While she did not provide details on what classifies as “virtual digital assets”, crypto industry insiders have welcomed the developments. They are viewing this taxation as the government’s way of indirectly legitimisin...
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Union Budget 2022: India Introduces Cryptocurrency Tax of 30 Percent
Budget 2022 speech saw Finance Minister Nirmala Sitharaman announcing a 30 percent tax on income from the transfer of virtual digital assets. She also said that no set-off will be allowed in case of losses.
-
"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."
-
Union Budget 2024: Aimed At Helping Automotive Retail Industry
The auto industry reacts to the Union budget 2024 with a positive approach. It believes the adjustments in personal taxation could improve retail.
-
Budget Could Bring In More Standardised Approach To Taxation: Report
The full budget for 2024-25, to be presented in Parliament on Tuesday, could possibly increase capital expenditure and may usher in a more standardised approach to taxation, Moody's Analytics said.
-
Investors Expect Crypto Tax Could Continue as Nirmala Sitharaman Returns as Finance Minister
The Indian crypto circle has been waiting for FM Sitharaman to revise the tax laws imposed over the crypto sector. Despite the outcry, the finance minister did not announce any taxation relief for the crypto sector while presenting the interim annual budget earlier this year. Her re-appointment to the finance minister’s position has sparked conce...
-
Budget 2024: What To Expect From This Year's Budget
Ahead of the Union Budget 2024, experts and analysts have come up with different predictions on the government's move on fiscal deficit, taxation and the spending on welfare schemes. As several global financial services firms have predicted
-
New Tax Regime Attractive, Gives Greater Rebates: Finance Minister
"This country has been waiting for direct taxation to be simplified. Therefore, the new taxation regime that we brought in for direct taxation two, three years ago has now got greater incentives and greater attraction," Nirmala Sitharamna said.
-
Centre Proposes To Enhance Presumptive Taxation Limit For MSMEs
The government today proposed to enhance the limit for presumptive taxation for MSMEs and certain professionals provided their cash receipts are less than 5 per cent of the total turnover or gross receipts.
-
Budget 2023: What's The Role Of Finance Bill
The Finance Bill is presented before the Parliament every year as part of the Union Budget documents. It is a Money Bill, which is used to implement changes in taxation proposed in the annual Budget. Finance Minister Nirmala Sitharaman will present the Union Budget 2023-24 in Parliament on February 1.
-
Portugal Planning to Impose a 28 Percent Capital Gains Tax for Crypto
Portugal has long exempted individuals from paying capital gains tax on crypto earnings, but Finance Minister Fernando Medina says it’s time to pay up. Medina is calling for a 28 percent capital gains tax on earnings made from crypto assets held less than one year, according to a draft 2023 budget introduced to Portugal’s parliament Monday.
-
1% TDS To Be Charged On Cryptocurrency Transactions From July 1. Here's What It Means
A TDS deduction of 1 per cent was announced by Finance Minister Nirmala Sitharaman in the Union Budget 2022-23 on all virtual digital asset transfers
-
Crypto Tax Amendments Approved by Lok Sabha, Set to Be Implemented Starting April 1
Taxation of virtual digital assets (VDAs) or "crypto tax" proposed in the Union Budget 2022-23 is set to be implemented from April 1, as the Lok Sabha passed the Finance Bill, 2022.
-
Lok Sabha Passes Finance Bill; Completes Budgetary Exercise For FY-2023
The Lok Sabha on Friday approved the Finance Bill, which gives effect to new taxation, thus completing the Budgetary exercise for 2022-23 fiscal.
-
Cryptocurrency Assets Sold At A Profit Will Be Subject To A 30% Tax From April 1. Here’s What You Should Know
The Union Budget 2022-23 had proposed a 30 per cent tax on cryptocurrency assets
-
Crypto Tax: Most Industry Insiders Laud India’s 'Regulate Over Restrict' Approach, But Few Concerns Remain
Finance Minister Nirmala Sitharaman levied a 30 percent tax on income generated from the transfer of virtual digital assets. While she did not provide details on what classifies as “virtual digital assets”, crypto industry insiders have welcomed the developments. They are viewing this taxation as the government’s way of indirectly legitimisin...
-
Union Budget 2022: India Introduces Cryptocurrency Tax of 30 Percent
Budget 2022 speech saw Finance Minister Nirmala Sitharaman announcing a 30 percent tax on income from the transfer of virtual digital assets. She also said that no set-off will be allowed in case of losses.
