finance minister

Budget 2024: Govt mulls stringent norms for clearance certificate needed for residents leaving India

by
Budget 2024: Govt mulls stringent norms for clearance certificate needed for residents leaving India

Budget 2024: Finance Minister Nirmala Sitharaman has introduced more stringent rules for obtaining clearance certificates required for residents leaving India. Starting October 1, residents of India will need a clearance certificate confirming compliance with the Black Money Act for leaving India. As per section 230 of the Income-tax (I-T) Act, any individual residing in India … Read more

Budget 2024: ‘I want to relieve middle class, but I have limitations too,’ says Finance Minister Nirmala Sitharaman

by
Budget 2024: ‘I want to relieve middle class, but I have limitations too,’ says Finance Minister Nirmala Sitharaman

In a recent interview, Finance Minister Nirmala Sitharaman revealed that the Union Budget 2024 aims to provide relief to the middle class, albeit within certain limitations.  Nirmala Sitharaman stated, “I want to relieve the middle class, but I have limitations too. I want to give relief by reducing the tax rate, and that is why … Read more

Old vs New Income Tax Regime: Which will turn out to be beneficial for whom after Budget 2024 announcements?

by
Old vs New Income Tax Regime: Which will turn out to be beneficial for whom after Budget 2024 announcements?

The recently announced Budget 2024 has brought significant changes to the income tax regime, raising pertinent questions about which tax structure—old or new—will be more advantageous for different categories of taxpayers. Finance Minister Nirmala Sitharaman’s revisions include adjustments to tax slabs and deductions, aimed at providing relief to various segments of taxpayers. Let’s delve into … Read more

Budget 2024 has laudable goals but misses a few tricks

by
Budget 2024 has laudable goals but misses a few tricks

The Union budget 2024-25 was presented in Parliament by a coalition government. While it broadly signals ‘change with continuity’, it has some interesting dimensions beyond the numbers and the fiscal math. For one thing, there are references to reviews of certain key policy frameworks and other initiatives such as on foreign direct investment (FDI) and … Read more

Budget 2024: Nifty Realty tanks after removal of indexation benefits; DLF top loser

by
Budget 2024: Nifty Realty tanks after removal of indexation benefits; DLF top loser

The real estate sector was one of the worst performers on July 23, following the announcement in the Budget 2024 to remove indexation benefits associated with the sale of property. The Nifty Realty index fell nearly 2 percent, contrasting with a flat Nifty. During her budget speech, Finance Minister Nirmala Sitharaman announced a reduction in … Read more

Budget 2024 expectations: From tax cuts to rural sops- 5 top brokerages share what the Union Budget could reveal

by
Budget 2024 expectations: From tax cuts to rural sops- 5 top brokerages share what the Union Budget could reveal

Union Finance Minister Nirmala Sitharaman will present the Budget 2024 on Tuesday, July 23, amid high hopes for a pro-growth Budget, which may also include populist measures aimed at boosting consumption and the rural sector economy. Experts are largely convinced that the government will not shift its focus away from fiscal consolidation. Moreover, it may … Read more

Budget 2024: Finance Minister Nirmala Sitharaman closes budget consultations, FY2025 budget to be presented on July 23

by
Budget 2024: Finance Minister Nirmala Sitharaman closes budget consultations, FY2025 budget to be presented on July 23

Finance Minister Nirmala Sitharaman has concluded consultations with various stakeholders, including representatives of industry and social sectors, as part of the budget preparation exercise. Sitharaman will present her seventh Budget on July 23. This would be the first full budget of Modi 3.0 which is going to set the path for Vikshit Bharat (developed India) … Read more

Budget 2024: A look at what corporate India expects from FM Nirmala Sitharaman — tax relief, higher capex & more

by
Budget 2024: A look at what corporate India expects from FM Nirmala Sitharaman — tax relief, higher capex & more

Union Budget 2024: Industry leaders requested a host of considerations in the upcoming full Union Budget 2024 during their pre-Budget meeting with Finance Minister Nirmala Sitharaman on June 20. Expectations listed by India Inc. during the two-hour interaction include a reduction in the income tax burden for the common man, an increase in capital expenditure, … Read more

Modi 3.0 Budget 2024 Expectations: What are Finance Minister Nirmala Sitharaman’s plans for taxpayers?

by
Modi 3.0 Budget 2024 Expectations: What are Finance Minister Nirmala Sitharaman's plans for taxpayers?

With the dawn of Modi 3.0, all eyes are eagerly set on the upcoming Union Budget of 2024, slated for presentation in July. Anticipation runs high among industries, farmers, taxpayers, and the middle class alike, as they await potential boosts and tax reliefs from Finance Minister Nirmala Sitharaman.  As the first budget of this new … Read more

Modi 3.0: Nirmala Sitharaman to hold pre-budget meeting with industry stakeholders on June 20: Here’s what to expect

by
Modi 3.0: Nirmala Sitharaman to hold pre-budget meeting with industry stakeholders on June 20: Here's what to expect

Finance Minister Nirmala Sitharaman is likely to conduct the upcoming pre-budget consultations with industry stakeholders on Thursday, June 20, 2024. The budget for 2024-25 fiscal is likely to be presented in Parliament in the second half of July. Industry sources told news agency PTI that the pre-budget consultation with the finance minister would be preceded … Read more