Nirmala Sitharaman’s budget, benefiting from 8.2% GDP growth, cuts the fiscal deficit, boosts infrastructure, and adjusts import duties. It raises long-term capital gains tax, abolishes angel tax, and includes corporate tax cuts, employment incentives, state funding, income tax standard deduction,…
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Finance minister Nirmala Sitharaman announced a groundbreaking internship scheme offering one crore youth opportunities in 500 top companies over five years. With a central outlay of Rs 2 lakh crore, interns will gain real-life business experience and receive Rs 5,000…
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India’s finance minister has proposed a 35% reduction in the tax rate for foreign companies to attract more investment and boost foreign inflows. The move will benefit overseas companies looking to establish permanent branches and project offices for engineering, procurement,…
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The Union Budget 2024 has been tabled today at the Parliament and mixed reactions across industries have started pouring in. Top economists of India believe that the change in income tax slabs along with the direct benefit transfer to first…
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Union Budget 2024 emphasizes MSME support with innovative measures like new Public Sector Bank credit assessments, increased MUDRA loans, stress-period credit support, a Credit Guarantee Scheme, expanded SIDBI branches among others. The Finance Minister said these initiatives aim to enhance…
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The new Budget documents indicate that the tax rate for LTCG on property sales will increase to 12.5% without the indexation benefit.
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