The Indian government has officially notified the Finance Act, 2024, after its passage through the Parliament and receiving the President's assent on February 15, 2024.
On Wednesday, the Lok Sabha marked a significant milestone in India's fiscal landscape by passing the Finance Bill 2024, effectively concluding the legislative process for the interim budget 2024-25.
In a significant development, Nitin Gupta, Chairman of the Central Board of Direct Taxation (CBDT), has announced that the process of tax return filing has been streamlined, reducing the turnaround time to just 10 days. G
ICAI appreciates the interim budget and feels that the structural reforms taken by the Government have now started bearing the fruit and is laying the foundation for a stronger and resilient new India.
FM proposes to retain same tax rates for indirect taxes and import duties
FM proposes to retain same tax rates for direct taxes
With the 'mantra' of 'Sabka Saath, Sabka Vikas, and Sabka Vishwas' and the whole of nation approach of "Sabka Prayas", FM Smt. Nirmala Sitharaman presented the Interim Union Budget 2024-25 in Parliament, today.
The Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman, while presenting the Interim Budget 2024-25 in Parliament today asserted that by unifying the highly fragmented indirect tax regime in India,
AVERAGE PROCESSING TIME OF RETURNS COMES DOWN FROM 93 DAYS IN 2013-14 TO JUST TEN DAYS NOW
A BILL to continue the existing rates of income-tax for the financial year 2024-2025 and to provide for certain relief to taxpayers and to make amendments in certain enactments.
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