Union Budget & Policy News
Budget 2025 to Feature Simplified Income Tax Rules for Hassle-Free Filing
10 January 2025 at 08:49The Indian government is set to overhaul the Income-tax Act of 1961 in a bid to simplify tax filing rules, easing compliance for taxpayers and addressing disputes that have escalated to over $120 billion in the past decade.
Mutual Fund Industry Seeks Restoration of Indexation Benefit for Debt Funds in Budget FY26
08 January 2025 at 09:00The mutual fund (MF) industry is hopeful that the government may restore the indexation benefit for computing capital gains on the sale of debt-oriented funds. ..
Trade Unions Demand Super-Rich Tax and Social Security Reforms in Pre-Budget Meeting
08 January 2025 at 09:00In a pre-budget consultation with Union Finance Minister Nirmala Sitharaman on Monday, trade union leaders advocated for critical tax reforms and enhanced social security measures, particularly for informal sector workers.
Insurance Industry Seeks Key Tax Reliefs and GST Reduction in Upcoming Budget
08 January 2025 at 09:00The insurance industry has put forth significant demands ahead of the Union Budget, focusing on easing tax burdens and improving insurance accessibility for the public.
Pre-Budget Consultation Meetings for the forthcoming Union Budget 2025-26 concludes
07 January 2025 at 08:50The Pre-Budget consultations chaired by Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman for the forthcoming Union Budget 2025-26 concluded in New Delhi.
Union Budget 2025: Tax Incentives for Fixed Deposits on the Table to Boost Middle-Class Savings
06 January 2025 at 08:54As the Union Budget 2025 approaches, Finance Minister Nirmala Sitharaman is actively engaging with representatives from the financial sector to consider key recommendations aimed at boosting middle-class savings.
ICAI Submits Suggestions on Comprehensive Review of the IT Act 1961 and Pre-Budget Memorandum 2025
04 January 2025 at 08:58Explore ICAI's preliminary inputs on the Comprehensive Review of the Income-tax Act, 1961, discussed during a stakeholder consultation chaired by the Revenue Secretary on September 18, 2024
Budget 2025 Preview: FM Sitharaman's Strategies to Address Inflation and Growth
11 December 2024 at 09:05In the July 2024 Budget, Finance Minister Nirmala Sitharaman aimed to provide relief to India's middle and lower-income households by widening the income tax slab for zero tax and increasing the standard deduction for salaried individuals.
Union Budget 2025: Key Reforms Expected for Direct Tax Code Implementation
04 December 2024 at 08:50The Union Budget 2025 is expected to bring significant changes to India's income tax framework, with the long-awaited implementation of the Direct Tax Code (DTC) marking a major step toward overhauling the country's direct tax system.
Govt Considering Arbitration Mechanism to Resolve Tax Disputes in Budget 2025
25 November 2024 at 09:07The Indian government is actively exploring the introduction of an arbitration mechanism to address tax disputes, a move aimed at easing the litigation burden on both taxpayers and officials.
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