Lok Sabha passes Finance Bill, Sitharaman says budget proposals aimed at improving ease of living
5 years, 5 months ago

Lok Sabha passes Finance Bill, Sitharaman says budget proposals aimed at improving ease of living

India TV News  

Finance Minister Nirmala Sitharaman on Thursday said that the tax proposals in the Finance Bill 2019 are aimed at improving the ease of living and reducing the pain of the citizens. While replying to a discussion on the Finance Bill, Sitharaman said Budget proposals will promote Make in India and digital payment. The Minister, however, did not relax the tax proposals with regards to Foreign Portfolio Investors, TDS on cash withdrawal above Rs 1 crore from banks and hike in customs duty on newsprint as was being demanded by the opposition. Referring to the imposition of 1 per cent TDS on cash withdrawal beyond Rs 1 crore, she said the tax could be adjusted against the liability of the assesses and hence there will be no additional burden on them.

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History of this topic

Capital gains tax on real estate: Lok Sabha passes Finance Bill, amends LTCG tax provision on immovable properties
5 months ago

Capital gains tax on real estate: Lok Sabha passes Finance Bill, amends LTCG tax provision on immovable properties

The Hindu  

The Finance Bill 2024 was passed in the Lok Sabha on Wednesday with an amendment relaxing the recently introduced new capital gains tax on real estate. The amendment comes after a proposal to remove indexation benefit in calculation of long-term capital gains on sale of immovable properties in the Budget 2024-25 had evoked criticism from various corners, including Opposition parties …

FM Nirmala to move Finance Bill for consideration in Parliament today
5 months ago

FM Nirmala to move Finance Bill for consideration in Parliament today

Deccan Chronicle  

Union Finance Minister Nirmala Sitharaman will move the Finance Bill, 2024, for consideration in Parliament on Tuesday to give effect to the financial proposals of the central government for the financial year 2024-25.Union Minister Rajiv Ranjan Singh is expected to make a statement in Lok Sabha regarding the status of implementation of the recommendations contained in the 70th report of …

Lok Sabha passes Bill to allow government expenditure for FY 2024-25
5 months ago

Lok Sabha passes Bill to allow government expenditure for FY 2024-25

The Hindu  

The Lok Sabha on Monday approved about ₹ 140 lakh crore in expenditure demands by different ministries of the Central Government, completing two-thirds of the legislative approvals needed for the full Budget of 2024–25. The lower house, which last week debated the Budget, approved demands for grants as well as the Appropriation Bill 2024, which authorises the government to use …

India confident of achieving fiscal deficit target, on course with glide path: FM Sitharaman
5 months, 1 week ago

India confident of achieving fiscal deficit target, on course with glide path: FM Sitharaman

Live Mint  

The government is confident of achieving its fiscal deficit target and sticking to the glide path to trim it to 4.5% of the GDP by FY26, Union finance minister Nirmala Sitharaman told Parliament on Tuesday, addressing concerns raised by the Opposition on the budget. Sitharaman also outlined the government’s budgetary allocations for social sector welfare schemes, public capex, expenditure on …

Lok Sabha approves Union Budget 2024-25
5 months, 1 week ago

Lok Sabha approves Union Budget 2024-25

India TV News  

The Lok Sabha on Tuesday passed the Union Budget 2024-25 presented by Finance Minister Nirmala Sitharaman on July 23. The budget was passed following a debate during which, Finance Minister Nirmala Sitharaman spoke about the Central government's goal to narrow the fiscal deficit in coming years. In her budget, Sitharaman mentioned nine priorities including, Productivity and resilience in agriculture, Employment …

Budget 2024: Income tax slabs changed, standard deduction increased. Read details
5 months, 2 weeks ago

Budget 2024: Income tax slabs changed, standard deduction increased. Read details

Op India  

On Tuesday, Finance Minister Nirmala Sitharaman presented the Annual Financial Statement before the Lok Sabha. The Finance Minister has given relief to taxpayers who choose to opt for the New Tax regime as the tax slabs have been revised and the Standard deduction limit has been increased from Rs 50,000 to Rs 75,000. Personal Income Tax: The Union Finance Minister …

Budget 2024 Highlights on income tax: FM Sitharaman revises personal income tax slabs; taxation rates remain unchanged
5 months, 2 weeks ago

Budget 2024 Highlights on income tax: FM Sitharaman revises personal income tax slabs; taxation rates remain unchanged

The Hindu  

Finance Minister Nirmala Sitharaman in her seventh Budget speech on July 23 revised the tax slabs under the new regime. Whilst the rate of taxation remains unchanged, the size of each of the slabs, excluding the initial zero to ₹3 lakh, remains unchanged. Budget 2024-25: Taxes Earlier, the Finance Minister further placed increasing the standard deduction for salaried employees from …

What Budget means for taxpayers: 10 points
5 months, 2 weeks ago

What Budget means for taxpayers: 10 points

Hindustan Times  

Finance Minister Nirmala Sitharaman on Tuesday announced a major relief for the subscribers of the new income tax regime. Nirmala Sitharaman announced the government has increased the income tax standard deduction for those who opted for the new regime. "For those opting for the new tax regime, the standard deduction for salaried employees to be increased from ₹ 50,000 to …

Budget: FM announces ₹15,000 cr for development of Andhra Pradesh’s new capital
5 months, 2 weeks ago

Budget: FM announces ₹15,000 cr for development of Andhra Pradesh’s new capital

Hindustan Times  

Hyderabad: Union finance minister Nirmala Sitaraman on Tuesday presented her seventh Union Budget, announcing Rs.15,000 cr for Andhra Pradesh’s new capital Amaravati. Finance minister Nirmala Sitharaman with Union Budget portfolio The FM said that the government will ensure all efforts to fulfil the commitments in the Andhra Pradesh Reorganisation Act. Describing it as a lifeline of Andhra Pradesh, Sitharaman said …

Union Budget 2024: 7 key figures to gauge Indian economy's health under Sitharaman
5 months, 2 weeks ago

Union Budget 2024: 7 key figures to gauge Indian economy's health under Sitharaman

Hindustan Times  

Union finance minister Nirmala Sitharaman presents the Union Budget 2024 in Parliament today, marking her seventh consecutive budget, surpassing the late Morarji Desai's record of six. Follow- Budget 2024 Live Updates Key numbers to watch for the first full Budget of Modi 3.0 Fiscal Deficit: • The budgeted fiscal deficit for the current fiscal year is projected at 5.1%, down …

Income Tax Budget Highlights: Govt proposes tax cuts, more standard deduction
5 months, 2 weeks ago

Income Tax Budget Highlights: Govt proposes tax cuts, more standard deduction

Hindustan Times  

New Tax Regime LIVE updates: Union Finance Minister Nirmala Sitharaman presents the Union Budget 2024-25 in Lok Sabha, in New Delhi, Tuesday, July 23, 2024. New Tax Regime Highlights: Union finance minister Nirmala Sitharaman presented her seventh consecutive Budget amid expectations from the middle class for relief at the tax front. Moreover, the efficiency of tax collection has improved over …

Budget 2024 HIGHLIGHTS: Andhra Pradesh, Bihar major gainers; special focus on jobs, new tax regime
5 months, 2 weeks ago

Budget 2024 HIGHLIGHTS: Andhra Pradesh, Bihar major gainers; special focus on jobs, new tax regime

India TV News  

Uttar Pradesh CM Yogi Adityanath's reaction on Union Budget: "Under the guidance of PM Modi, in the new parliament of the country, the Finance Minister has laid down the general budget of the country which is - inclusive, development-oriented and one which will fulfil the aspirations of 140 cr people. The new tax slabs announced in the budget are welcoming." …

Budget 2024: Will Nirmala Sitharaman bring cheer to middle-class with income tax changes?
5 months, 3 weeks ago

Budget 2024: Will Nirmala Sitharaman bring cheer to middle-class with income tax changes?

Hindustan Times  

The Union Budget 2024 could provide Income Tax relief for low earners looms large amid rising prices in the country. Experts believe that a reduction in Income Tax could address economic challenges in the country as Finance Minister Nirmala Sitharaman is set to present the Union Budget for the fiscal year 2024-25 on July 23. This change would boost consumption, …

FM Sitharaman Denies Rumors of Sweeping Tax Changes
8 months ago

FM Sitharaman Denies Rumors of Sweeping Tax Changes

Deccan Chronicle  

New Delhi: After BSE benchmark Sensex crashed 1,100 points following a report that the Income Tax department is planning some sweeping changes after Lok Sabha elections, Union finance minister Nirmala Sitharaman on Friday debunked rumours calling it pure speculation. Pure speculation," Sitharaman wrote on social media platform X, while reacting to a tweet made by a news channel claiming that …

Lok Sabha polls | Centre has given ₹11 lakh crore to people of T.N. in 10 years: Annamalai
9 months ago

Lok Sabha polls | Centre has given ₹11 lakh crore to people of T.N. in 10 years: Annamalai

The Hindu  

president K. Annamalai has said the Central government has given ₹11 lakh crore to Tamil Nadu over the past 10 years, and most of these funds were transferred directly to the people. Campaigning for Tamil Maanila Congress candidate P. Vijayakumar in Chithode for the Erode Parliamentary constituency on Thursday, April 4, 2024, Mr. Annamalai said 37,838 concrete houses were constructed …

No cuts in Interim Budget allocations: Nirmala
11 months ago

No cuts in Interim Budget allocations: Nirmala

Deccan Chronicle  

New Delhi: Exuding confidence in India’s economic growth, Union finance minister Nirmala Sitharaman on Wednesday said that all the allocations have not been cut under any head in the interim Budget for 2024-25, rather it has either remained the same or gone up in FY25 Budget in the flagship schemes. Meanwhile, the Lok Sabha also passed the Rs 47.66-lakh-crore interim …

No discrimination in tax sharing with States: FM Nirmala Sitharaman
11 months ago

No discrimination in tax sharing with States: FM Nirmala Sitharaman

The Hindu  

Union Finance Minister Nirmala Sitharaman on Wednesday sought to dismiss allegations that the Centre was not giving money to the States and termed the Karnataka government’s charges about inadequate tax devolutions and discrimination in sharing Central taxes “patently wrong and mischievous”. Noting that even Tamil Nadu had voiced concerns, the Minister assured the House that the government had followed the …

Lok Sabha passes Finance Bill 2023
1 year, 9 months ago

Lok Sabha passes Finance Bill 2023

Deccan Chronicle  

NEW DELHI: Finance minister Nirmala Sitharaman announced the setting up of a committee headed by the finance secretary to look into pension issues of government employees while maintaining fiscal prudence to protect common citizens. She made the announcement while seeking 64 amendments to the Finance Bill 2023, including providing marginal relief to tax payers under the new regime, and removing …

Finance Bill 2023 passed in Lok Sabha with THESE major amendments. Details here
1 year, 9 months ago

Finance Bill 2023 passed in Lok Sabha with THESE major amendments. Details here

Live Mint  

The Lok Sabha on Friday, March 24, passed the Finance Bill, 2023 with some amendments. Union Finance Minister Nirmala Sitharaman tabled ‘The Finance Bill, 2023’ in the lower house amid sloganeering by Opposition MPs demanding a JPC inquiry into the Adani Group issue. While moving the Finance Bill 2023 in the Lok Sabha for consideration and passage, the minister also …

MP govt’s ₹3.14 lakh crore budget focuses on women, tribals and religion
1 year, 10 months ago

MP govt’s ₹3.14 lakh crore budget focuses on women, tribals and religion

Hindustan Times  

Madhya Pradesh finance minister Jagdish Deoda presented a revenue surplus budget of over ₹3.14 lakh crore on Wednesday in the state assembly ahead of the December polls. Madhya Pradesh finance minister Jagdish Deoda presented the state budget today With a special focus on women, tribals and religion, Deoda announced schemes for giving scooty and skill upgradation stipends to girl students, …

Bengal FM presents ₹3.39-lakh crore budget for 2023-24
1 year, 10 months ago

Bengal FM presents ₹3.39-lakh crore budget for 2023-24

The Hindu  

West Bengal Finance Minister Chandrima Bhattacharya on Wednesday presented a ₹3.39-lakh crore budget for 2023-24, with a proposal to waive agricultural income tax on tea gardens for two years and extend credit facility to young entrepreneurs. “I propose to provide ₹3.39-lakh crore budget for financial year 2023-24,” Ms. Bhattacharya said, while placing the financial statement in the assembly. Announcing sops …

'...still India is fastest-growing major economy'- FM Nirmala Sitharaman's reply to Budget 2023 debate in LS
1 year, 10 months ago

'...still India is fastest-growing major economy'- FM Nirmala Sitharaman's reply to Budget 2023 debate in LS

India TV News  

Parliament Budget Session: Finance Minister Nirmala Sitharaman on Friday hailed the government's economic policies during the reply to the Budget 2023 debate in Lok Sabha. "If I can put in a few words the essence of budget 2023-24- it balances the requirement for India's development imperatives within the limits of fiscal prudence," said Sitharaman. Sitharaman said the new tax regime …

New income tax regime overhaul, Rs 2.4 L cr for railways among 5 big announcements by FM Niramala Sitharaman
1 year, 11 months ago

New income tax regime overhaul, Rs 2.4 L cr for railways among 5 big announcements by FM Niramala Sitharaman

India Today  

Union Finance Minister Nirmala Sitharaman presented Union Budget 2023 in Parliament on Wednesday and her proposals come at a time when India’s economy is facing challenges from a plethora of global factors, including inflation and a possible GDP growth slowdown in FY24 as predicted by the International Monetary Fund in its January update of the World Economic Outlook. The Top …

Budget 2023 Key Highlights: Are You Under New Tax Regime? Nirmala Sitharaman Has Good News for You
1 year, 11 months ago

Budget 2023 Key Highlights: Are You Under New Tax Regime? Nirmala Sitharaman Has Good News for You

News 18  

Budget 2023 Highlights: Delivering on the expectations of the aam aadmi, Finance Minister Nirmala Sitharaman today announced Income Tax relief for the salaried class with an eye on the mega 2024 elections as well as several state battles as she delivered the Union Budget 2023 speech. She also announced changes in the tax slabs under the new tax regime, which …

Sitharaman to present last full Budget of this term of BJP-led govt today
1 year, 11 months ago

Sitharaman to present last full Budget of this term of BJP-led govt today

Hindustan Times  

Finance minister Nirmala Sitharaman will present the 2023-24 Union Budget on Wednesday a day after the Economic Survey tabled in Parliament said India’s GDP will grow at a baseline value of 11% in nominal terms and 6.5% in real terms. It will be the last full budget of this term of the Bharatiya Janata Party-led government. Prime Minister Narendra Modi …

#Incometax trends on Twitter after Nirmala Sitharaman's Budget 2023 speech. Best memes
1 year, 11 months ago

#Incometax trends on Twitter after Nirmala Sitharaman's Budget 2023 speech. Best memes

India Today  

Finance Minister Nirmala Sitharaman presented the Union Budget 2023 in Parliament today. This year’s budget comes at a time when India’s economy faces challenges from a host of global factors; a steep rise in inflation and a possible GDP growth slowdown in the financial year 2024. However, the finance minister announced some relief for taxpayers as she proposed a new …

Budget 2023: Will FM Sitharaman revise the long-term pending income tax exemptions limit?
1 year, 11 months ago

Budget 2023: Will FM Sitharaman revise the long-term pending income tax exemptions limit?

India TV News  

Budget 2023: As the Union Budget 2023 would be the last full term budget to be presented before the 2024 Lok Sabha elections, there are high hopes that Finance Minister Nirmala Sitharaman will change the tax rates for Indian taxpayers. In addition, key decisions regarding the long-term capital gains tax on equity investment and measures to increase demand for the …

Govt to further bring down inflation: FM in Lok Sabha
2 years ago

Govt to further bring down inflation: FM in Lok Sabha

Deccan Chronicle  

NEW DELHI: Finance Minister Nirmala Sitharaman on Wednesday assured the Lok Sabha that the government will take measures to further ease inflation, which has dipped below the RBI's upper tolerance level of 6 per cent. "We will bring down further for the sake of common people," she said while replying to a discussion on the first batch of Supplementary Demands …

Lok Sabha passes Finance Bill
2 years, 9 months ago

Lok Sabha passes Finance Bill

Deccan Chronicle  

New Delhi: The Finance Bill 2022, moved by finance minister Nirmala Sitharaman, was passed in the Lok Sabha on Friday. The government has reportedly proposed 39 amendments to the Finance Bill, 2022, including changes to the crypto tax structure; penalty provisions on publication of import-export data and status of past income computations that claimed deduction of disallowed cess and surcharges. …

Lok Sabha passes Demands for Grants and Appropriation Bill 2022
2 years, 9 months ago

Lok Sabha passes Demands for Grants and Appropriation Bill 2022

India TV News  

Highlights Lok Sabha passes the Demands for Grants and Appropriation Bill, 2022 The Bill was passed by voice vote Introduced by Finance Minister Nirmala Sitharaman, the Bill was passed after cut motions The Lok Sabha on Thursday passed the Demands for Grants and Appropriation Bill, 2022, by a voice vote, giving the government authorisation to withdraw money from the Consolidated …

India's Budget 2022-23 - Key Highlights
2 years, 10 months ago

India's Budget 2022-23 - Key Highlights

Live Law  

INTRODUCTION India's Union Budget was announced on February 1, 2022, and the Finance Bill, 2022 was tabled in Parliament. TAX EXEMPTION OF AMOUNTS RECEIVED FOR MEDICAL TREATMENT AND ON ACCOUNT OF DEATH DUE TO COVID-19 To give effect to the press statement dated June 25, 2021 by the Finance Ministry, the Finance Bill has proposed to amend the IT Act …

Budget 2022: PM Modi to Talk About ‘People-Friendly’ Budget on Wednesday
2 years, 11 months ago

Budget 2022: PM Modi to Talk About ‘People-Friendly’ Budget on Wednesday

News 18  

Union Finance Minister Nirmala Sitharaman on Tuesday presented Budget 2022 and tabled the Finance Bill 2022 to the Parliament. And will do more.” After Sitharaman’s Budget speech, PM Modi called the Union Budget “people-friendly”. The Union Budget 2022-23 would also be available on the Mobile App after the process of Union Budget presentation. Watch Live Union Budget 2022 Here What …

Budget 2022: No change in income tax slabs announced
2 years, 11 months ago

Budget 2022: No change in income tax slabs announced

India Today  

Finance Minister Nirmala Sitharaman, while presenting the Union Budget, did not announce any new changes in tax slabs for the personal income tax category. It was highly expected that some incremental changes would be introduced to the current income tax regime, but, no significant change was announced. Read: Budget 2022: What Nirmala Sitharaman said on income tax and return filing …

LIVE: This Budget brings more infra, more growth and more jobs, says PM
2 years, 11 months ago

LIVE: This Budget brings more infra, more growth and more jobs, says PM

Business Standard  

Budget 2022 LIVE updates: Finance Minister Nirmala Sitharaman on Tuesday unveiled Budget 2022-23 that aims to boost growth amid continued disruption from Covid-19 and rising inflation. The government has projected GDP growth at 8 per cent to 8.5% compared with an estimated 9.2 per cent for the current fiscal year and a 6.6 per cent contraction the previous year. India …

Govt raises PF threshold limit to Rs 5 lakh for earning tax-free interest
3 years, 9 months ago

Govt raises PF threshold limit to Rs 5 lakh for earning tax-free interest

India TV News  

The government on Tuesday raised the deposit threshold limit to Rs 5 lakh per annum in provident fund for which interest would continue to be tax exempt. In her Budget presented to Parliament on February 1, Finance Minister Nirmala Sitharaman had provided that interest on employee contributions to provident fund over Rs 2.5 lakh per annum would be taxed from …

Govt Raises Provident Fund Threshold Limit to Rs 5 Lakh for Earning Tax-free Interest
3 years, 9 months ago

Govt Raises Provident Fund Threshold Limit to Rs 5 Lakh for Earning Tax-free Interest

News 18  

The government on Tuesday raised the deposit threshold limit to Rs 5 lakh per annum in provident fund for which interest would continue to be tax exempt. In her Budget presented to Parliament on February 1, Finance Minister Nirmala Sitharaman had provided that interest on employee contributions to provident fund over Rs 2.5 lakh per annum would be taxed from …

Lok Sabha Passes Finance Bill 2021
3 years, 9 months ago

Lok Sabha Passes Finance Bill 2021

Live Law  

The Lok Sabha on Tuesday passed the Finance Bill, 2021 to give effect to the financial proposals of the Central Government for the financial year 2021-2022. Apart from the Finance Act, the Bill also proposes to amend the Income Tax Act, 1961; Life Insurance Corporation Act, 1956; the Securities Contracts Act, 1956; the Central Sales Tax Act, 1956; the SEBI …

Union Budget 2021: Nirmala Sitharaman takes braver route to fix economy by not levying more tax
3 years, 11 months ago

Union Budget 2021: Nirmala Sitharaman takes braver route to fix economy by not levying more tax

Firstpost  

Changes on the indirect tax front are also not significant to qualify as changes large enough to be structural leading to increased demand or increased production of items Budget 2021 was delivered against the backdrop of a global pandemic and all the challenges that it brought along. With the Economic Survey pointing at a deficit in tax collection, largely attributable …

News18 Evening Digest: What Gets Costlier, Cheaper in Budget 2021, Tax-related Announcements and Other Top Stories
3 years, 11 months ago

News18 Evening Digest: What Gets Costlier, Cheaper in Budget 2021, Tax-related Announcements and Other Top Stories

News 18  

Budget 2021: What Gets Costlier, Cheaper; Check Full List Here Finance Minister Nirmala Sitharaman presented the Union Budget 2021-22 in Lok Sabha on Monday. However, Sitharaman’s budget did not bring any relief to the middle class as income tax slabs remain unchanged. Income Tax Slabs Unchanged, But Budget 2021 Has These 6 Tax Related Announcements Contrary to expectations of middle …

Lok Sabha Passes Bill To Reduce Salary & Allowances Of MPs For One Year To Meet Pandemic Expenses [Read Bill]
4 years, 3 months ago

Lok Sabha Passes Bill To Reduce Salary & Allowances Of MPs For One Year To Meet Pandemic Expenses [Read Bill]

Live Law  

The Lok Sabha on Tuesday passed the Salary, Allowances & Pension of Members of Parliament Bill, 2020, by voice vote. The Bill, moved by Minister of Parliamentary Affairs, Pralhad Joshi, proposes to reduce certain allowances of MPs for one year, to supplement the financial resources of the centre to tackle the COVID-19 pandemic. To this end, the Bill seeks to …

FM Gives Rs 70,000 Crore Boost to Middle Income Housing, Rs 2 Lakh Crore Concessional Credit to Farmers
4 years, 7 months ago

FM Gives Rs 70,000 Crore Boost to Middle Income Housing, Rs 2 Lakh Crore Concessional Credit to Farmers

News 18  

Nirmala Sitharaman Press Conference LIVE Updates: Finance Minister Nirmala Sitharaman on Thursday announced that all migrant workers will get free food grains for the next two months to help them cope with the impact of the coronavirus lockdown. Sources had told News18 that the package Sitharaman announces today may include loan guarantees of Rs 2 lakh crore to farmers, direct …

Parliament Passes Finance Bill, 2020 Without Discussion; House Adjourned Sine Die
4 years, 9 months ago

Parliament Passes Finance Bill, 2020 Without Discussion; House Adjourned Sine Die

Live Law  

The Lok Sabha on Monday passed the Finance Bill, 2020, with amendments, by voice vote. Proposes bring a new 'simplified' personal income tax regime.#Budget2020 — Live Law February 1, 2020 The Bill also expands the benefit of the reduced corporate tax rate of 15%, as offered to new domestic manufacturing companies, to the domestic companies engaged in power generation. RSP's …

Lok Sabha Clears Bill To Reduce Direct Tax Litigation [Read Bill]
4 years, 10 months ago

Lok Sabha Clears Bill To Reduce Direct Tax Litigation [Read Bill]

Live Law  

The Lok Sabha on Wednesday passed the Direct Tax Vivad se Vishwas Bill, 2020, by voice vote. The Bill, aimed to reduce direct tax litigation, was introduced in the lower house by Finance Minister Nirmala Sitharaman, on February 5, 2020. Considering that the actual direct tax collection in the financial year 2018-19 was Rs.11.37 lakh crores, the disputed tax arrears …

Budget 2020 | Nirmala Sitharaman’s budget booster falls short of expectations
4 years, 11 months ago

Budget 2020 | Nirmala Sitharaman’s budget booster falls short of expectations

The Hindu  

Union Finance Minister Nirmala Sitharaman’s second Budget speech on February 1 sought to make up in length and breadth for what it couldn’t deliver in the form of an effective stimulus for India’s fast-slowing economy. Watch | Highlights of Union Budget 2020-21 Taking a cue from the Economic Survey, which dwelt at length on India’s ancient economic prowess, Ms. Sitharaman …

Decoding Budget 2020 | HT Editorial
4 years, 11 months ago

Decoding Budget 2020 | HT Editorial

Hindustan Times  

When finance minister Nirmala Sitharaman arose to present the Union Budget in Parliament, she had to address several challenges. The budget estimate for tax revenue in 2020-21 is around Rs 38,000 crore lower than last year’s budget estimate. On the growth front, it can be argued that this budget’s promise is not what will be termed a “dream” or a …

Full text of Budget 2020 speech by Finance Minister Nirmala Sitharaman
4 years, 11 months ago

Full text of Budget 2020 speech by Finance Minister Nirmala Sitharaman

India Today  

Finance Minister Nirmala Sitharaman on Saturday presented the second Union Budget of the Modi 2.0 government. Tax concession for foreign investments " In order to incentivise the investment by the Sovereign Wealth Fund of foreign governments in the priority sectors, I propose to grant 100% tax exemption to their interest, dividend and capital gains income in respect of investment made …

Nirmala Sitharaman unveils Budget aimed at boosting incomes; introduces alternative tax regime to simplify taxation; full text of her speech
4 years, 11 months ago

Nirmala Sitharaman unveils Budget aimed at boosting incomes; introduces alternative tax regime to simplify taxation; full text of her speech

Firstpost  

Finance Minister Nirmala Sitharaman on Saturday unveiled the budget for fiscal 2020-21, vowing to boost income of Indians and their purchasing power, in a bid to revive domestic economic growth that has slumped Finance Minister Nirmala Sitharaman on Saturday unveiled the budget for fiscal 2020-21, vowing to boost income of Indians and their purchasing power, in a bid to revive …

Budget 2020: Personal Income Tax Rates Slashed
4 years, 11 months ago

Budget 2020: Personal Income Tax Rates Slashed

Live Law  

Finance Minister Nirmala Sitharaman has slashed the personal income tax rates but provided to forgo exemptions, as she announced the Union Budget for the Financial Year 2020-2021 today, in the Lok Sabha. It is noteworthy however that the new tax regime is optional for the taxpayers and an individual who is currently availing more deductions & exemption under the IT …

Budget 2020: BJP recommends tax tweaks to attract foreign investors
4 years, 11 months ago

Budget 2020: BJP recommends tax tweaks to attract foreign investors

India TV News  

The Bharatiya Janata Party has recommended adjusting rules on taxing equity market returns in the upcoming budget, news agency Reuters reported on Wednesday. During pre-budget consultations with Sitharaman and the Prime Minister's Office, the BJP leaders urged the government to consider industry demands and listed measures to revive investments. "There is a concern on LTCG and DDT.as a lot of …

Lok Sabha Passes Bill To Slash Corporate Tax Rates [Read Bill]
5 years, 1 month ago

Lok Sabha Passes Bill To Slash Corporate Tax Rates [Read Bill]

Live Law  

The Lok Sabha today passed the Taxation Laws Bill, 2019, to slash corporate tax rate to 22% without incentives and tax rate for new manufacturing entities to 15%. Salient Features of the Bill Optional Tax Rates For Domestic Companies Currently, the income tax rate for domestic companies with annual turnover of up to Rs 400 crore is 25%. The Bill …

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