Union Budget Articles

Summary of Interim Union Budget 2024-25

CA Ruby Bansal 01 February 2024 at 13:19

The Finance and Corporate Affairs Minister Smt Nirmala Sitharaman, while presenting the Interim Union Budget for 2024-2025 in Parliament today announced that the capital expenditure outlay for the next year is being increased by 11.1 per cent to Rs 11,11,111 crore, which would be 3.4 per cent of the GDP.

Personal Budget before National Budget

CA Umesh Sharma 29 January 2024 at 13:29

How is the concept of budget relevant to the individual in personal finance?

Budget 2024: Expectations from Union Budget 2024

Shivani 29 January 2024 at 13:26

Finance Minister Nirmala Sitharaman is going to deliver the fourth paperless budget on February 1, outlining the interim Budget for the financial year 2024-25.

Anticipated Changes in Indian Interim Budget 2024: Taxpayer Expectations

CA Aman Rajput 23 January 2024 at 08:50

As Lok Sabha elections are due in India in early 2024, the government shall be announcing an interim budget instead of a full-fledged budget, which shall function as a transitional financial plan for the remaining months of government in power.

Financial Realities: Analyzing MSME Dues Disallowance Post Budget 2023

Ashwin Jain 20 January 2024 at 08:26

Amendment in Section 43B of Income Tax Act, 1961 (Certain expenses to be allowed on payment basis) by insertion of new clause (h) with effect from 01.04.2024

MSME Registration Benefits - Tax and Others

Affluence Advisory 14 March 2023 at 12:43

The Budget 2023 provides tax benefits and other measures for the Micro, Small and Medium Enterprises (MSMEs) and startups in the country, which helps them grow and boost their businesses

Impact of Judicial precedents in Union Budget 2023

Venkat Raj 23 February 2023 at 09:00

Through this write up changes in domestic taxation will be articulated keeping in mind the Supreme Court judgment's impact in the Income –Tax Act(''ACT") and Income tax Rules(''Rules").

Navigating Budget 2023: Implications For Payroll Processing

Amit Kumar 14 February 2023 at 16:12

This budget brings in significant changes that affect payroll calculations for most employees. A large portion of the workforce may also shift to the new tax regime. Employees expect a smooth, hassle-free transition with accurate payouts.

Old Tax Regime or New Tax Regime - Which one is better?

CA Umesh Sharma 13 February 2023 at 16:40

Honourable Finance Minister Mrs Nirmala Sitharaman had declared the Finance Budget of 2023-24 on 01st February in the Lok Sabha. Why there is a lot of discussion going around the Old Tax Regime and New Tax Regime of the Income Tax regime?

Major Changes under Income Tax in Budget 2023

kowsalya 11 February 2023 at 13:00

A Resident Individual is entitled to a Rebate of 100% of the amount of tax payable under the provisions of Section 87 A of the Act for the total income up to Rs. 7 Lakhs ( earlier it was Rs. 5L)