Which Regime is More beneficial New/ Old: Budget 2025 The Most Asked Question after Budget 2025 i.e Question: Which Regime is More Beneficial, New or Old ? Answer: If you have deductions u/s 80C, 80D and Interest on Home Loan u/s 24 and Your Income was taxable at NORMAL rate of tax then Old Regime …
Tax on LTCG for FIIs raised to 12.5%: Budget 2025 This increase in the LTCG tax rate for FIIs from 10% to 12.5% u/s 115AD aligns with the broader push toward uniformity in capital gains taxation. Here are some key takeaways: The Finance Bill, 2025, proposes an amendment to Section 115AD increasing the Income tax …
Union Budget 2025 key initiatives to support economic growth The Union Budget 2025 has introduced several key initiatives to support economic growth, provide relief to taxpayers, and drive development across various sectors. This budget aims to increase accessibility to financial services, foster innovation, and boost infrastructure. The middle-class tax relief and support for farmers through …
Key aspects international tax measures announced in budget 2024 The international tax measures announced in the union Budget 2024 focus on several important aspects, such as the Equalisation Levy, foreign company taxation, and the Vivad se Vishwas Scheme. These are aimed at simplifying processes, reducing litigation, and encouraging foreign investment. But one key area left …
Key Highlights of Budget 2024 by Nirmala Sitharaman Budget 2024 is designed to support economic growth, employment, and development across various sectors with a strong focus on infrastructure, youth, and social inclusion. The government’s commitment to fiscal discipline is evident in the reduction of the fiscal deficit and the allocation of significant resources for capital …
Budget 2023: Govt’s focus on vulnerable communities via NGO In response to the recent Budget 2023 issued, Rajput Jain and associates has expressed our optimism towards the Indian govt’s focus on vulnerable communities. Rajput Jain and associates cited the expansion of Eklavya Model Residential Schools, the development mission for Particularly Vulnerable Tribal Groups (PVTG), and the …
Income Tax Budget 2023 If the budget predictions for 2023 are accurate, the new taxation system will likely be made more attractive, which may also herald the demise of the previous tax system. This seems to be the unavoidable consequence of sweetening the new “concessional tax regime” by introducing a few restricted exemptions/tax deductions and/or …
Budget Expectations various deduction limit will increase: Budget2023 Indian Govt is expected to evaluate the deductions that are now available and that have stayed unchanged for a number of years in order to encourage the lower and middle class, which have experienced the most hardship during COVID. As according to experts, the following Budget 2023 …
Top Changes made under GST Amendments in Budget 2022 Under Budget 2022, certain relaxation, along with certain strictness were introduced by the Finance Minister for the GST Registered Taxpayers. Starting with the relaxations provided – Govt Proposes for the extension of deadline for claiming ITC. Now in order to undertake such amendment, section 16(4) of …
Key Highlights of Budget 2022 Finance Minister, N Sitharaman showed gratitude and empathized with those suffering from Covid-19 Pandemic. Thereafter, the Budget started with announcement, which was a push for the infrastructure sector. Under the Infra-sector, the government extended their priority towards – PM Gati Shakti Master Plan, where around 100 Gati Shakti cargo terminals …