Tag Archives: Union Budget 2024-25

The Hon’ble Supreme Court today disposed off 573 direct tax cases where the tax effect is less than ₹5 crore, in view of the revised monetary limit of filing of appeals. This significant milestone aligns with the government’s efforts to reduce tax litigation and promote Ease of Doing Business. The Union Budget …

FREQUENTLY ASKED QUESTIONS (FAQs) Q1. What are the major changes brought about in the taxation of capital gains by the Finance (No.2) Bill, 2024? Ans. The taxation of capital gains has been rationalised and simplified. There are 5 broad parameters to this rationalisation and simplification, namely:- Holding period has been …

 “Our government will facilitate development of investment-ready “plug and play” industrial parks with complete infrastructure in or near 100 cities, in partnership with the states and private sector, by better using town planning schemes.” proposed the Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman in the Union Budget …

In the Regular Union Budget of Financial Year (FY) 2024-25, Ministry of Defence (MoD) has been allocated Rs 6,21,940.85 crore (approx. US $75 Billion), the highest among the Ministries. While maintaining the allocation made to MoD during interim budget, the Government has made an additional allocation to the tune of …

The Pre-Budget consultations for Union Budget 2024-25 that started from 19th June 2024 onward in the Ministry of Finance and chaired by Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman, concluded on 5th July 2024. Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman chaired the seventh Pre-Budget Consultation …