The finance ministry plans to impose higher taxes on futures & options (F&O) transactions in the upcoming Union Budget, as per recent reports. Proposed changes include reclassifying these transactions as ‘speculative income’ from ‘non-speculative business income’ and potentially introducing TDS on them. This news has unsettled the trader community. Let us understand why. Derivatives are … Read more
NEW DELHI:The upcoming budget for 2024-25 will unveil major economic reforms and present a roadmap for Viksit Bharat, the government’s push to propel India towards ‘developed nation’ status by 2047, President Droupadi Murmu said addressing the joint session of Parliament on Thursday. “Along with significant economic and social decisions, this budget will include many historic … Read more
The Union Finance Ministry is gearing up to present the full Union Budget for the fiscal year 2024-25 in July. Several stakeholders from the education sector voiced their expectations from Finance Minister Nirmala Sitharaman. The Union Budget for this financial year, comprising estimated receipts and expenditures of the government in various sectors, is expected to … Read more
As the Union Finance Ministry is gearing up to present the full Union Budget for the fiscal year 2025 in July, several stakeholders have urged Finance Minister Nirmala Sitharaman to provide tax relief for salaried employees. The Union Budget 2024-25 is expected to be presented in Parliament on July 23 or 24. Budget expectations Salaried … Read 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
In a meeting with Union finance minister Nirmala Sitharaman on Friday as part of consultations ahead of the annual budget for 2024-25, they also urged higher allocations to strengthen the Agricultural and Processed Food Products Export Development Authority (APEDA), a government export trade promotion body. The upcoming full-year budget is expected to be presented in … Read more
Union Budget 2024: The Prime Minister Narendra Modi-led government is contemplating measures worth over ₹50,000 crore ($6 billion) to boost consumption in India’s upcoming Union Budget. This includes potential tax cuts for lower income individuals, marking the first such cuts in seven years, sources told Bloomberg. Finance Ministry officials are evaluating proposals to reduce taxes … Read more
The upcoming Union Budget is expected to propose changes in the tax treatment of income from futures and options (F&O) segment with an aim to discourage retail participation in the derivatives trading, a report said. Along with various options, the government is said to consider moving income from F&O trading from the head of ‘business … Read more
NEW DELHI : State governments will get ₹75,000 crore for milestone-linked reforms, finance minister Nirmala Sitharaman said Thursday while presenting her sixth Union Budget. The provision will be provided through a 50-year interest-free loan, she said. “The provision of ₹75,000 crore, as a 50-year interest-free loan, is proposed this year to support milestone-linked reforms by … Read more