Tag: budget tax announcements
Budget recap: What were the booster doses Sitharaman unveiled for aam aadmi a year back?
Budget 2024: India’s middle class have one big demand before the Budget every time – Please cut the income tax rates. However, they have been…
Foreign portfolio investors in India to pay higher tax on debt securities, official says
Foreign portfolio investors will lose a preferential tax rate on interest from Indian government securities and corporate and foreign currency bonds, a senior tax official…
India’s new income tax regime brought in to simplify country’s direct tax system, FM Sitharaman says
India’s exemption-less tax regime, which is expected to see half of taxpayers migrating to, has been brought in to simplify the direct tax system in…
Budget 2023: View: Budget 2023 to allow consent based use of GST data, to unleash benefits for taxpayers
Given that the structure of GST decision making is federal, the budget changes are mostly procedural with respect to the GST. Therefore, the presentation of…
North Block pins hopes on large footfall for its pumped-up new income tax regime
Top finance ministry officials are betting on luring Indians’ trust to the new tax regime, after Finance Minister Nirmala Sitharaman proposed higher tax exemptions to…