Live Updates and discussion on Union Budget 2023-2024

Quick Summary
This discussion covers the live updates and key highlights of India's Union Budget 2023-2024, presented by Finance Minister Nirmala Sitharaman. The budget focuses on seven priorities, including inclusive development, green growth, youth empowerment, and financial sector stability. Key announcements include increased capital expenditure, support for MSMEs and artisans, new savings schemes for women, and significant changes to the income tax regime with a higher rebate limit and revised tax slabs.

Surcharge rate reduced

The government has proposed to reduce the highest surcharge rate from 37% to 25% under new tax regime, FM Sitharaman said while presenting the Budget 2023.

Micro enterprises with turnover upto 2 crore and professionals with turnover upto 50 lakh can avail the benefit of presumptive taxation, says the Finance Minister. #budget2023

To improve bank governance and enhance investors' protection, certain amendments to the Banking Regulation act, the Banking Companies Act and the Reserve Bank of India act are being proposed, says the Finance Minister.#budget2023

Tds filing 24Q Q4 should be inline with ITR filing

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