Tag: tax regime
FM Nirmala Sitharaman defends tax regime, calls on academics to apply for more patents
Finance minister Nirmala Sitharaman on Tuesday defended the extant taxation regime, highlighting that the pressure of meeting several challenges and compelling spending requirements, including for…
taxpayers: Realty LTCG: Taxpayers get to choose regime
The Lok Sabha Wednesday passed the Finance Bill with amendments to long-term capital gains (LTCG) tax rules on property proposed in the budget. This allows…
How to switch to old tax regime from new tax regime for filing income tax
The current income tax rules does provide the freedom for taxpayers to choose between the new tax regime and the old tax regime based on…
Budget will spur job creation, boost investments in startups: Finance minister Nirmala Sitharaman
New Delhi: Finance minister Nirmala Sitharaman on Sunday said the budget proposals will spur job creation, encourage investments in startups, leave more money with the…
LTCG rates India: A comparative look at India’s LTCG rates in tandem with peers like UAE, Singapore, China, USA and others
The Union Budget 2024 introduced significant changes to the capital gains tax regime in India, which have sparked considerable discussion among investors and financial experts….
Budget widens ambit of transfer pricing, enhances power of officers to pick domestic cases
The budget has proposed to widen the transfer pricing provision, extending it to even some domestic transactions.It has also enhanced the power of the transfer…
Budget 2024: How the changes in new tax regime will benefit the salaried, explained
Jul 23, 2024 08:34 PM IST The Centre estimates that about four crore salaried individuals and pensioners will benefit if they opt to file their…
Budget 2024 key announcements for common man: Will aam aadmi get the much-needed relief from inflation?
Union Finance Minister Nirmala Sitharaman is set to present her 7th straight Union Budget today, surpassing the record of former Prime Minister Morarji Desai. This…
Union Budget 2024: 6 new changes to income tax that the new budget may bring
As the Union Budget 2024 is scheduled to be presented on July 23 by Finance Minister Nirmala Sitharaman, there are expectations of multiple changes in…
Budget 2024: Relief on buying EV, HRA rationalisation, higher tax deduction on health insurance premium and more, what to expect
Earlier this year, while presenting the Interim Budget 2024-25, in keeping with the convention, Finance Minister Nirmala Sitharaman did not propose any change in taxation…