Union Budget 2024 Tax
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Finance Ministry Shares Report Card On Union Budget 2024-25
The key announcements from the Union Budget 2024-25 budget including measures to simplify taxation, reduce litigation, and improve tax certainty, have shown notable progress, as per the Finance Ministry.
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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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"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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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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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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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.
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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.
-
Budget 2024: Government Proposes To Remove Indexation Benefit On Sale Of Old Property
The government on Tuesday proposed reducing the long-term capital gains (LTCG) tax on immovable properties to 12.5 per cent from 20 per cent, but removed the indexation benefits to adjust for inflation, a move experts termed as "negative" for sellers
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Union Budget 2024: No Tax Relief for Crypto Sector, Industry Takes Respite in Angel Tax Abolishment
The Union Budget that was unveiled on Tuesday without any reduction in one percent TDS on all crypto transactions that has been requested by the crypto industry. Meanwhile, the Web3 community continues to vouch for patience and belief in the government for comprehensive industry-specific reforms in the future.
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Cigarette Prices Remain Unchanged After No Tobacco Tax Hike In Budget 2024
Union Budget 2024: The price of cigarettes will remain unchanged after the government announced no hike in the existing tax rates on tobacco products in the 2024 Union Budget.
-
Budget 2024: How To Calculate Long-Term And Short-Term Capital Gains After Tax Hike
The Union Budget for 2024-25 has introduced a significant capital gains tax regime adjustment.
-
Will Old Tax Regime Be Scrapped Next Year? What Finance Minister Said
There is no decision yet on when the old tax regime will be scrapped, Finance Minister Nirmala Sitharaman said Tuesday afternoon, after presenting the 2024 Union Budget in Parliament.
-
Finance Ministry Shares Report Card On Union Budget 2024-25
The key announcements from the Union Budget 2024-25 budget including measures to simplify taxation, reduce litigation, and improve tax certainty, have shown notable progress, as per the Finance Ministry.
-
"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.
-
"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.
-
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."
-
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
-
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.
-
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 2024: Government Proposes To Remove Indexation Benefit On Sale Of Old Property
The government on Tuesday proposed reducing the long-term capital gains (LTCG) tax on immovable properties to 12.5 per cent from 20 per cent, but removed the indexation benefits to adjust for inflation, a move experts termed as "negative" for sellers
-
Union Budget 2024: No Tax Relief for Crypto Sector, Industry Takes Respite in Angel Tax Abolishment
The Union Budget that was unveiled on Tuesday without any reduction in one percent TDS on all crypto transactions that has been requested by the crypto industry. Meanwhile, the Web3 community continues to vouch for patience and belief in the government for comprehensive industry-specific reforms in the future.
-
Cigarette Prices Remain Unchanged After No Tobacco Tax Hike In Budget 2024
Union Budget 2024: The price of cigarettes will remain unchanged after the government announced no hike in the existing tax rates on tobacco products in the 2024 Union Budget.
-
Budget 2024: How To Calculate Long-Term And Short-Term Capital Gains After Tax Hike
The Union Budget for 2024-25 has introduced a significant capital gains tax regime adjustment.
-
Will Old Tax Regime Be Scrapped Next Year? What Finance Minister Said
There is no decision yet on when the old tax regime will be scrapped, Finance Minister Nirmala Sitharaman said Tuesday afternoon, after presenting the 2024 Union Budget in Parliament.
