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Thursday, November 14 2024 | 10:06:13 PM

HIGHLIGHTS OF THE UNION BUDGET 2024-25

The Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman presented the Union Budget 2024-25 in Parliament today. The highlights of the budget are as follows: Part-A Budget Estimates 2024-25: Total receipts other than borrowings: `32.07 lakh crore. Total expenditure: `48.21 lakh crore. Net tax receipt: `25.83 lakh crore. …

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REFORMS IN CUSTOMS DUTIES WILL SUPPORT DOMESTIC MANUFACTURING AND PROMOTE EXPORT COMPETITIVENESS; FINANCE MINISTER

The Budget proposals for Customs Duties intend to support domestic manufacturing, deepen local value addition, promote export competitiveness, and simplify taxation, while keeping the interest of the general public and consumers surmount, said Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharman in her Budget speech in Parliament today. …

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‘ANGEL TAX’ ABOLISHED FOR ALL CLASSES OF INVESTORS

The Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman proposed to abolish ‘angel tax’ for all classes of investors, while presenting the Union Budget 2024-25 in Parliament today. She added that this move is aimed to bolster the Indian start-up eco-system, boost the entrepreneurial spirit and support innovation. The Minister …

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CAPITAL GAINS TAXATION SIMPLIFIED AND RATIONALISED

Simplification and Rationalization of the Capital Gains Tax was one of the key focus areas of the Union Budget 2024-25, presented by the Union Finance and Corporate Affairs Minister Smt. Nirmala Sitharaman in the Parliament today. As proposed by Smt. Sitharaman, short term gains on certain financial assets shall henceforth …

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