Cutting direct taxes for the lower income strata and schemes towards rural upliftment should be the themes for the upcoming budget, Kaustubh Gupta, co-head, fixed income, Aditya Birla Sun Life AMC Ltd, said.
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Introduction of new excise bill aims to streamline tax compliance by aligning with GST laws, focusing on tobacco and petroleum oils. Changes include removing SEZs exemption, introducing central excise duty credit, and allowing regularisation of non-levy or short levy of excise duty.
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Calculate NowWhen shares are sold one year after purchase, the gains earned amounting to ₹1 lakh and above are taxed as per the provision of long term capital gains. The rate of tax is 10 percent without indexation benefit.
Wooing the middle class ahead of the upcoming general elections, Finance Minister Nirmala Sitharaman on Thursday announced that the government will launch a housing scheme for those who are living in rented accommodations or slums to buy or build their own houses
The government will launch a housing scheme for people living in rented accommodation, slums or unauthorized colonies. The announcement is in line with the government’s ‘Housing for All’ mission
Trupti Agrawal of WhiteOak Capital shares her views on the expectations from interim Budget 2024, India’s macro-economic environment, sectors that are likely to get a boost this year, and the need to overlook short-term market movement.
Real estate leaders seek increased tax slabs, revised affordability caps, and incentives in the upcoming budget. They also advocate for expanding the SWAMIH stress fund and reintroducing GST with an input tax credit, industry status, and perks for first-time homebuyers.
Experts believe that the 2024 budget should implement digitized approval systems and transparency in departmental processes to ease blockades in the Indian real estate sector
Welcome to the Budget 2024 Updates!
In July 2024, Finance Minister Nirmala Sitharaman will present the Union Budget 2024, the first one in the new Modi-led coalition government. This Budget is expected to focus on accelerating economic growth, enhancing infrastructure development, and promoting digital innovation. With a keen eye on sustainable development, the government aims to balance fiscal responsibility with social welfare.
Key expectations from Budget 2024:
Economic Growth: Proposals to stimulate economic activity and create job opportunities.
Tax Reforms: Potential revisions in personal and corporate tax structures to boost disposable income and business investment.
Infrastructure Development: Significant investments in roadways, railways, and digital infrastructure. Social Welfare: Increased allocation for health, education, and social security schemes.
Green Initiatives: Emphasis on renewable energy projects and sustainable practices.
Stay tuned for live updates and detailed analysis as we break down the implications of Budget 2024 on various sectors.