Thu, Dec 07, 2023
'There will be no major announcements in the interim budget, we will have to wait for the full budget to be presented in July 2024': Nirmala Sitharaman, Finance Minister
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.
Wed, Feb 01, 2023
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".
"Budget with vision, structure, discipline. Immediate benefits to all individual earners. Continues measured path of fiscal consolidation," said Uday Kotak, CEO of Kotak Mahindra Bank.
Customs duty on vehicles in completely built units (CBUs) costing less than USD 40,000 or with engine capacity less than 3,000 cc for petrol-run vehicles and less than 2,500 cc for diesel-run vehicles has been raised from 60 per cent to 70 per cent, as per the Budget document.
Budget 2023: The number of tax slabs have been reduced from 7 to 5 and the tax exemption limit is increased to Rs 3 lakh.
According to the Budget document, the government has pegged total subsidies on food, fertilisers and petroleum at Rs 5,21,584.71 crore in its revised estimate (RE) for 2022-23, as against the actual budget of Rs 4,46,149.24 crore in last fiscal year.
In his first reaction to the Budget presented by Finance Minister Nirmala Sitharaman, he said that the first budget of the 'Amrit Kaal' provides foundation to fulfil the resolve for a developed India while giving priority to deprived sections of the society as well
Budget 2023: Nirmala Sitharaman made several announcements in the Union Budget 2023-2024 on Wednesday.
Download Budget 2023-24 PDF Document: Post the budget presentation, the full text of the speech is now available for the general public. Anyone can download the PDF version of the speech by visiting the official website - www.indiabudget.gov.in.
Viability gap funding for battery energy storage systems is also likely to create critical infrastructure, while custom duty reduction on capital goods for Lithium batteries manufacturing will facilitate faster adoption of EVs, Banwari Lal Sharma, CEO Consumer Business, CarTrade Tech said
I present the Budget for 2023-24. This is the first Budget in Amrit Kaal.
Budget 2023: For the defence sector, the budget was increased to Rs 5.94 lakh crore for 2023-24 from last year's allocation of Rs 5.25 lakh crore.
Budget 2023: The government plans to borrow a record Rs 15.4 lakh crore from dated securities in FY24 to meet its expenditure requirement to prop up the economy. This is higher than the total borrowing of Rs 14.21 lakh crore for the current financial year ending March 31, 2023.
Budget 2023: Mobile phones and TV sets manufactured in India would become cheaper with Finance Minister Nirmala Sitharaman announcing cuts in Basic Customs Duty (BCD) on import of their components but smokers would have to pay more as the government has increased taxes.
Budget 2023: Paying heed to the consumer electronics industry`s demand, the Centre on Wednesday reduced basic custom duty (BCD) on import of certain mobile phone parts and inputs like camera lens and continued the concessional duty on lithium-ion cells for batteries for another year.
The agriculture credit target will be increased to Rs 20 lakh crore with focus on animal husbandry, dairy and fisheries
Budget 2023: The government on Wednesday proposed to extend income tax benefits to startups incorporated till March 2024.
In her budget speech, Finance Minister Nirmala Sitharaman said that India is a global leader in the cutting and polishing of natural diamonds, contributing about three-fourths of the global turnover by value.
Budget 2023: The Union Budget for 2023-24 is focused on growth and welfare with a priority to provide support to farmers, women, marginalised sections and the middle class, Defence Minister Rajnath Singh said on Wednesday.
According to Prabhu Ram, Head-Industry Intelligence Group, CMR, the proposal to set-up 100 labs for developing 5G applications at Indian engineering institutions "is a step in the right direction to realize new opportunities that 5G posits, and develop India-specific 5G use cases for education, healthcare and agriculture, among others".
Budget 2023: Finance Minister Nirmala Sitharaman on announced the Union Budget for 2023-24 on Wednesday, February 1.
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