Sat, Mar 25, 2023
Income Tax: Tax planning is an essential component of financial planning. An intelligent tax-planning strategy can help individuals meet their financial goals while also saving money on taxes.
Fri, Mar 10, 2023
Punjab Finance Minister Harpal Singh Cheema on Friday tabled the state budget for 2023-24 in the assembly here.
It is the first full budget of the AAP government.
Thu, Mar 09, 2023
The Maharashtra government today presented the state's annual budget 2023-24 in the assembly. The government has made many big announcements in this budget. Farmers will need to pay only Rs 1 for the Pradhan Mantri Corporation Insurance Scheme. The government will spend Rs 3,312 crore on crop insurance. Apart from this, the Maharashtra government has announced to give Rs 6,000 annually to the farmers. That is, now the farmers will get a total of Rs 12,000. Watch to know complete details in this video.
Wed, Feb 01, 2023
Budget 2023: The highest surcharge rate of 37 per cent, which was applicable on those individuals with income above Rs 5 crore, has been brought down to 25 per cent.
Budget 2023: In a year when the Indian athletes will compete at the Asian Games and prepare for 2024 Paris Olympics, the Sports Ministry has got a fillip with the government allocating Rs 3,397.32 crore.
In 2022-23, the total allocation was initially at Rs 733.02 crore, and the same was sharply revised to Rs 630.36 crore, according to the Union Budget 2023-24 presented in Parliament on Wednesday.
According to Zee Business research, in the last eight years, the market has ended the Budget day in the red only on two occasions: in 2020 and in 2016.
Women in Budget 2023-24: The budget allocated to the Women and Child Development Ministry, the nodal department of the government for the welfare of women and children, stood at Rs 25,448.75 crore in 2023-24.
Total allocation includes Rs 97,579.05 crore for the Department of Telecom and Rs 25,814 crore for Postal projects, the Budget document presented by Finance Minister Nirmala Sitharaman said on Wednesday.
In her Budget speech, she said states will be encouraged to set up physical libraries for them at panchayat and ward levels and provide infrastructure for accessing the National Digital Library resources.
Historically, the ITC stock is known to stage bigger moves on the Budget day in anticipation of tax changes for a segment that only forms a part of its business.
Budget 2023: The government said there won't be any capital gain tax if physical gold is converted to an Electronic Gold Receipt (EGR) and vice versa on Wednesday.
Sudhir Pai, CEO Magicbricks said that the Union Budget 2023 is a bonanza for affordable housing and provides the much-needed impetus towards the vision of ‘Housing for all’
Given that India is expected to be one of the world's fastest growing economies in the coming fiscal year, the budget has placed a strong emphasis on inward investment.
As per the 2023-24 Budget document, the revised estimate for miscellaneous capital receipts for the current fiscal has been pegged at Rs 60,000 crore, lower than the Rs 65,000 crore projected in Budget estimates for 2022-23.
The government has implemented a number of reforms aimed at boosting MSMEs' growth in India while also improving their international competitiveness.
Budget 2023: Delhi Chief Minister Arvind Kejriwal on Wednesday said despite paying more than Rs 1.75 lakh crore income tax last year, the city was allocated only Rs 325 crore in the Union Budget 2023-24.
Budget 2023: The finance minister said the mechanism to defer the filing of a case in a tax dispute till a constitutional court decides the common legal question would "greatly help in reducing the repeated litigation between taxpayers and the department".
The incentives have indeed been offered to enhance the affordable housing portion, there needs to be a reduction in the price of land, development premium costs, and tax deductions.
Budget 2023: The government on Wednesday proposed to simplify the KYC procedure by adopting a 'risk-based' rather than the 'one size fits all' approach currently in practice.
Budget 2023: According to the budget document presented in Parliament on Wednesday, hydro power giant NHPC Ltd - the public sector undertaking (PSU) under the administrative control of the Ministry of Power - witnessed the highest increase to Rs 10,857.22 crore in 2023-24, from the revised estimate of Rs 7,128.95 crore for 2022-23. It was budgeted at Rs 7,361.05 crore for this fiscal.
Budget 2023: Finance minister Nirmala Sitharaman also extend the customs duty exemption to import of capital goods and machinery required for manufacture of lithium-ion cells for batteries used in electric vehicles.
Budget 2023: Finance Minister Nirmala Sitharaman in the Union Budget proposed "to provide that where aggregate of premium for life insurance policies (other than ULIP) issued on or after April 1, 2023, is above Rs 5 lakh, income from only those policies with aggregate premium up to Rs 5 lakh shall be exempt".
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