The main goal of the industry expects to see both the continuation and expansion of Production-Linked Incentive (PLI) programs.
The Union Budget will be presented on February 1, 2026 even though it is a Sunday, as the government follows a fixed date to ensure timely approvals before April 1.
The main goal of advocacy groups exists to achieve tax exemption for interest income.
Capital Gains Tax Budget 2025: Capital gains tax is a major part of India’s tax system. It is imposed on anything considered a capital asset, including real estate, stocks, mutual funds, and bonds. When someone sells these assets, they either make a profit or a loss. If there is a profit,[Read More…]
The new tax system in the budget aims to stimulate economic growth and increase spending, attracting taxpayers with simpler and higher tax-free income.
Understanding the terms of Budget 2025 is crucial for taxpayers to comprehend its impact and stay informed about the economic narrative.
The Budget presentation is being closely watched for potential changes in tax reliefs for the middle class. There is widespread anticipation that the Modi government may offer the much-expected tax relief, which could significantly impact household budgets and disposable incomes.
Finance Minister Nirmala Sitharaman introduced the Interim Budget 2024–25 before Parliament on February 1, following the start of the Budget Session.
Union Finance Minister Nirmala Sitharaman will present her sixth budget in 2024, but the ruling government will present the Interim Budget when a full budget is not available or elections are scheduled.
She said four transformative opportunities can be used in Amrit Kaal for enhancing economic empowerment.
However, while textbooks are exempt from taxation, digital initiatives undertaken by schools are subject to an 18% tax.
The formal exercise to prepare the annual Budget for the next financial year (2023-24) commenced on October 10.
The survey, conducted between November 25 and January 25, found that with job losses and hiring sentiment turning negative, 52 per cent respondents feel that the economic uncertainty will persist for the next 6-12 months.
Sitharaman will present Union Budget for 2023-24 in the Lok Sabha on February 1 amid expectations that the government will raise the income tax limit and provide relief to the middle class taxpayers, besides others.
The official further said that the meeting will also be attended by several Union ministers.
Bauxite is the principal ore of aluminum and therefore the mineral is the essential raw material for aluminium producers.
Union Finance Minister Nirmala Sitharaman tweeted a press release from the ‘My Gov’ platform, inviting the suggestions from people.
The formal exercise to prepare the annual Budget for the next financial year — 2023-24 – commenced on October 10. The Budget for 2023-24 is likely to be tabled on February 1.
The government is also looking to earn 7 paise for every rupee from Union excise duty and 5 paise from customs duty. Income tax will yield 15 paise to every rupee collection.
