Finance Minister Nirmala Sitharaman unveiled key changes to the Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) regulations in the 2024 budget. These changes aim to streamline tax compliance and broaden the tax base. Payments made by firms to their partners will now be subject to TDS at 10% for aggregate amounts […]
Budget 2024 Key Highlights: New TDS and TCS Rules Announced in 2024 Budget Read More »
Finance Minister Nirmala Sitharaman announced significant changes to the taxation of capital gains in the 2024 budget. The aim is to rationalize and simplify the tax structure, impacting both short-term and long-term capital gains. The tax on short-term gains from specified financial assets has been raised to 20% from 15%, while the tax rates for
Budget 2024 Key Highlights: New Capital Gains Tax Rules Announced for 2024 Read More »
The Budget Session of Parliament commenced today with Union Finance Minister Nirmala Sitharaman tabling the Economic Survey of India 2023-24. The voluminous report, including a statistical appendix, was placed in both Houses of Parliament. The Union Budget for 2024-25 will be presented in the Lok Sabha on July 23. This would be the first Budget
Economic Survey 2023-24: Key Highlights (Union Budget) Read More »
The Union Budget 2024-25 will be presented in the Lok Sabha on July 23, confirmed by Parliamentary Affairs Minister Kiren Rijiju. In a post on X, he stated that the President of India, upon the recommendation of the Union Government, has sanctioned the proposal for summoning both Houses of Parliament for the Budget Session from
Union Budget 2024 Date Announced: Live Updates Read More »
