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Union Budget News


Budget 2023-24: Extension of date of incorporation for eligible start-up for exemption

   01 February 2023 at 13:38

The existing provisions of the section 80-IAC of the Act, inter alia, provides for a deduction of an amount equal to hundred percent of the profits and gains derived from an eligible business by an eligible start-up for three consecutive assessment y

Posted in Union Budget |   3234 Views


Budget 2023-24: Relief to start-ups in carrying forward and setting off of losses

   01 February 2023 at 13:38

Section 79 of the Act restricts carrying forward and setting off of losses in cases of companies, other than the companies in which the public is substantially interested. It prohibits setting off of carried forward losses if there is change in share

Posted in Union Budget |   2460 Views


Budget 2023-24: Penalty for cash loan/ transactions against primary co-operatives

   01 February 2023 at 13:38

Section 269SS of the Act provides that no person shall take from any person any loan or deposit otherwise than by an account payee cheque or account payee bank draft or online transfer through a bank account, if the amount of such loan or deposit is

Posted in Union Budget |   4191 Views


Direct Tax Proposals of Union Budget 2023-24

   01 February 2023 at 13:22

Direct Tax Proposals of Union Budget 2023-24

Posted in Union Budget |   13542 Views


Indirect Tax Proposals of Union Budget 2023-24

   01 February 2023 at 13:05

Indirect Tax Proposals of Union Budget 2023-24

Posted in Union Budget |   10089 Views


Budget Speech: 2023-24

   01 February 2023 at 12:53

I present the Budget for 2023-24. This is the first Budget in Amrit Kaal.

Posted in Union Budget |   3723 Views


Summary of Economic Survey 2022-23

   31 January 2023 at 15:12

The Survey underlines that Inflation and monetary tightening led to a hardening of bond yields across economies and resulted in an outflow of equity capital from most of the economies around the world into the traditionally safe-haven market of the US

Posted in Union Budget |   3708 Views


Economic Survey 2022-23: Highlights

   31 January 2023 at 15:03

Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman, presented the Economic Survey 2022-23 in the Union Parliament today.

Posted in Union Budget |   7011 Views


Final stage of Union Budget 2023-24 commences with Halwa Ceremony

   27 January 2023 at 08:42

The Halwa ceremony, marking the final stage of the Budget preparation process for Union Budget 2023-24, was held in North Block, in the presence of Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman

Posted in Union Budget |   4710 Views


PAN to be established as single business ID in Budget 2023

   13 January 2023 at 08:41

The Permanent Account Number (PAN) is likely to receive legal backing as the single business identification number in the upcoming Budget 2023, according to a recent report. 

Posted in Union Budget |   5160 Views