As the Income Tax filing deadline approaches on July 31, 2024, it’s crucial for taxpayers to understand the intricacies of ITR filing, including income tax slab rates and deductions under both old and new tax regimes. With the right knowledge, you can optimise your tax returns and ensure compliance with the latest regulations. This comprehensive …
Interim Union Budget for 2024-25 The Interim Union Budget for 2024-25, presented on February 1, 2024, by Finance Minister Nirmala Sitharaman, allocated a record Rs 6.21 lakh crore to the Ministry of Defence. This figure represents a 4.72% increase over the previous fiscal year, showcasing the government’s commitment to strengthening India’s defence capabilities. As we …
Finance Minister Nirmala Sitharaman is gearing up for crucial pre-budget deliberations as she prepares to present the Union Budget 2024-25 by the end of July. Scheduled for June 20, 2024, the pre-budget meetings will see participation from prominent industry bodies and state finance ministers. These consultations are pivotal in shaping the economic agenda for the …
India’s economic development is deeply intertwined with its vital infrastructure and dynamic real estate industry. The real estate sector contributed 7.3% to the GDP in 2022 and is predicted to grow to a $5.8 trillion industry by 2047, making up 15.5% of the GDP. Research from the Reserve Bank of India suggests a high return …
Budget 2024-2025 In the recent Interim Budget announcements, significant financial highlights include the launch of solar power schemes, providing potential annual savings of Rs 15,000-18,000 per household with rooftop solar panels. The government aims to enable 1 crore households to receive 300 units per month for free. In the housing sector, the PM Awas Yojana …
A few stocks witnessed a dramatic sell-off on February 1st, 2024, following the presentation of the interim budget by Finance Minister Nirmala Sitharaman. While the interim budget, being presented in an election year, was widely expected to be a “vote on account” with limited changes, the specific details of the announcement appear to have triggered …
On Thursday, February 1, 2024, the Union Finance Minister Nirmala Sitharaman presented her 6th consecutive Union Budget ahead of the Parliamentary elections. This Union Budget is for the upcoming financial year 2024-25. As it is the last one before the Lok Sabha elections, the budget is an interim one. The full budget will be presented …
Today, Finance Minister Nirmala Sitharaman announced the last interim budget before the impending general elections, covering the government’s focus on various sectors, including infrastructure, railways, renewable energy, housing, and more. Inside the budget, the finance minister made a significant announcement regarding renewable energy. To turn households into power generation units, the central government will focus …
In recent years, India has witnessed a significant surge in its infrastructure development initiatives, driven by the government’s commitment to fostering economic growth and creating employment opportunities. In today’s Interim Budget of 2024, we heard some announcements related to infrastructure development. To build on the enormous impact of the capital expenditure that has tripled over …
The Indian government’s Interim Budget 2024, presented on February 1, 2024, brought good news for the agriculture sector. Finance Minister Nirmala Sitharaman announced several initiatives aimed at boosting farmers’ income, promoting value addition, and enhancing overall growth. Here’s a breakdown of the key announcements: Doubling Down on Success Pradhan Mantri Kisan Sampada Yojana (PMKSY) This …
