Budget 2024 Expectations LIVE Updates: What the Middle Class, Industry Want From Modi 3.0 as FM Sitharaman Prepares to Present Union Budget Next Week https://lnkd.in/gFwHJXiW
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#Budget2024 | #Standarddeduction of INR50,000/- allowed to salaried taxpayers has remained unchanged since FY 2019-20! For all Budget-related insights, visit our microsite https://lnkd.in/dfxN_V5C | #KPMGBudgetLIVE
India's Interim Budget 2024
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Union Budget 2024: Know Why it is Different and Significance of “Vote on Account” #UnionBudget2024 #Different #SignificanceofVoteAccount #taxscan #taxnews Read More: https://lnkd.in/gRFha4u2
Union Budget 2024: Know Why it is Different and Significance of "Vote on Account"
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💰💲#Modinomics 3.0 - #BudgetWithBT | Finance Minister #NirmalaSitharaman will unveil her 7th consecutive #budget, aiming to chart a course for #ViksitBharat by 2047. This budget is likely to provide #tax relief for the middle class. Track updates⤵️ https://lnkd.in/ggdUdkqm
Budget 2024 LIVE Updates: Who will get what in Nirmala Sitharaman's road map for Viksit Bharat?
businesstoday.in
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Here is all you can expect from the union budget 2024. Don’t miss out. Visit our website and read the write-up to understand the 2024 interim union budget better. Go to : https://lnkd.in/d8yEDpuX . . . #TradeFlock #budget2024 #nirmalasitharaman #financegoals #taxes #education #healthcare #newsfeed #newsupdates #latestnews
Union Budget 2024-25: What To Expect From The Budget?
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PhD Candidate, The Graduate Institute, Geneva (IHEID)| Centre for Political Studies, JNU | UGC NET || WBSET
Sharing Mitali Mukherjee’s article on the budget titled “A Budget with many authors but no plot”. Thought it was extremely well articulated and raised questions of pertinence. Here are some quotes from the article that were thought provoking. “The move to hike taxes across stocks, realty, etc. has played out as a public and angry ‘break-up’ with India’s middle class. They’re swiftly falling out of love with the Modi government, taking to social media to air grievances and demand changes in the finance ministry’s leadership. While the stock markets showed no dramatic change on the day, there’s a clear souring of mood over this perceived ‘penalisation’ of a tax-paying community.” “After all, tracking from 2014-15, it’s remarkable that the share of government revenue from income tax (tax on individuals) is now 19 per cent, higher than the 17 per cent contribution from corporations. No wonder business channel pundits consistently give glowing reviews and 10/10 ratings for each Union Budget.” “The ‘execution gap’ is cause for circumspection. After 10 years in power and countless new and re-branded schemes, the government has been high on promise but low on delivery.” https://lnkd.in/gFRxn2iW
Coalition Pressures, Middle-class Squeeze, and Execution Gaps Mar BJP’s Post-election Budget
frontline.thehindu.com
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JSA Interim Union Budget, 2024 Hon’ble Finance Minister tabled the Interim Budget for the fiscal year starting April 1, 2024 ("Budget”), ahead of the upcoming general elections. The Budget focusses on youth and women empowerment while reaffirming the commitment towards fiscal consolidation and increased capital expenditure. The fiscal deficit target for Financial Year 2024-25 is lowered to 5.1% of the GDP, as against the target set last year at 5.9% which is in sync with the commitment to achieve fiscal deficit of less than 4.5% by Financial Year 2025-26. Since this is an interim budget, keeping in with the convention, no changes are proposed in direct and indirect tax rates, including import duties. However, certain amendments are proposed to ensure continuation of tax benefits to start-ups, sovereign wealth funds, pension funds and International Financial Services Centre units, which were expiring on March 31, 2024. For a snapshot of the key tax proposals under the budget, please click here: https://lnkd.in/g59a2Zhh Kumarmanglam Vijay | Manish Mishra | Shareen Gupta | Surajkumar Shetty | Ankur Mittal | Shikha Parmar | Divyam Mittal | Joybrata Misra #jsa #leadinglawfirm #leadinglawyers #legalupdates #budget2024
Interim Union Budget, 2024 - JSA
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Union Budget 2024 Union Budget 2024 was announced yesterday by FM Nirmala Sitharaman. Here are some important highlights: Changes in capital gains tax -STCG on financial assets increased from 15% to 20%. -LTCG on financial and non-financial assets increased from 10% to 12.5%. -Exemption on LTCG gains increased from Rs 1 lakh to Rs 1.25 lakh. Increase in STT Securities Transaction Tax (STT) on: Futures: increased from 0.0125% to 0.02%. Options: increased from 0.0625% to 0.10%. Buyback of shares -Gains from buyback of shares are no more tax-exempt. It would now be taxable like dividends, as per the applicable tax slab. -Further, the cost of such shares shall be treated as a capital loss to the investor. Revised tax regime Structure for the new income tax regime has been revised. New tax slabs: -Rs 0 to Rs 3 lakh: 0% -Rs 3 to Rs 7 lakh: 5% -Rs 7 to Rs 10 lakh: 10% -Rs 10 to Rs 12 lakh: 15% -Rs 12 to Rs 15 lakh: 20% -Above Rs 15 lakh: 30% Note: There is usually only one budget announced in a financial year. But in Lok Sabha election years, there are 2 budget announcements: one in February (like every year) and one in July (after elections).
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Union Budget 2024 Union Budget 2024 was announced yesterday by FM Nirmala Sitharaman. Here are some important highlights: Changes in capital gains tax -STCG on financial assets increased from 15% to 20%. -LTCG on financial and non-financial assets increased from 10% to 12.5%. -Exemption on LTCG gains increased from Rs 1 lakh to Rs 1.25 lakh. Increase in STT Securities Transaction Tax (STT) on: Futures: increased from 0.0125% to 0.02%. Options: increased from 0.0625% to 0.10%. Buyback of shares -Gains from buyback of shares are no more tax-exempt. It would now be taxable like dividends, as per the applicable tax slab. -Further, the cost of such shares shall be treated as a capital loss to the investor. Revised tax regime Structure for the new income tax regime has been revised. New tax slabs: -Rs 0 to Rs 3 lakh: 0% -Rs 3 to Rs 7 lakh: 5% -Rs 7 to Rs 10 lakh: 10% -Rs 10 to Rs 12 lakh: 15% -Rs 12 to Rs 15 lakh: 20% -Above Rs 15 lakh: 30% Note: There is usually only one budget announced in a financial year. But in Lok Sabha election years, there are 2 budget announcements: one in February (like every year) and one in July (after elections). #budgetupdates
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Certified Investment Planning Specialist | Certified Risk and Estate Planning Specialist | Stock Market Aficionado | Inquisitive Mind in Finance.
📊 Interim Budget 2024:What is the need of an Interim Budget? Hello Everyone, Nirmala Sitharaman is all set to present interim budget today. Now you might be wondering what is Interim Budget and why does it even exist? Well, it's simpler than you think. You know how sometimes, before a big event (like elections), there's a quick plan to keep things rolling until the new team takes over? That's exactly what an interim budget is – a temporary money plan to make sure everything stays smooth until the new government steps in. So, let's Understand what is interim budget and the difference between an Interim & Union Budget. [1] 🔍 Interim Budget (Vote-on-account): Why? It's like a temporary money plan presented by the current government before elections to keep things running until the new government takes over. What? It covers essential spending without making big new plans or policies to prevent the next government from dealing with unexpected financial burdens. When? It happens when there's an election, and the new government will later present a full, detailed budget. [2] 🚀 Union Budget (Comprehensive Annual Budget): Why? After elections, when the new government is settled in, they show the big picture by presenting a complete budget. This budget is like a guidebook for the entire year, telling us where the money goes and how things will work financially. What? This is the big, detailed financial roadmap for the country, covering everything from taxes to spending on various sectors. When? It happens after the elections, and it provides a clear picture of the government's economic plans for the coming year. So, in simple terms, the Interim Budget is a quick financial plan to keep things going until the new government arrives, and the Union Budget is the full, detailed plan that the new government puts together once they're in charge. 📣 If understanding India's budgeting process interests you, follow for more simplified insights into the world of finance. #IndianBudget #FinanceExplained #ElectionEconomics
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Understanding the Union Budget may not be an easy task. But there are several announcements which directly or indirectly affect the common man, and people want to know more about it. Our Partner, CA Amit Bansal, FCA, MBF, SAP-FI/CO shares his comments with Business Standard in an article titled, "Explained: How to decode the Union Budget's impact on your finances?” Read more at :- https://lnkd.in/dcyXTVpw #knowledgesharing #opinion #taxation #personalfinance #unionbudget #budget2024 #lawfirm #singhania
Explained: How to decipher Union Budget's impact on your finances
business-standard.com
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