The Finance Ministry will kick off its pre-budget discussions on October 10, 2024, starting with the review of key ministries such as New & Renewable Energy and Skill Development & Entrepreneurship.
In a significant development, President Droupadi Murmu on 16th August 2024, Friday gave her assent to the Finance (No 2) Bill, 2024, officially enacting it into law.
On Thursday, the Rajya Sabha returned the Appropriation (No. 2) Bill, 2024, the Jammu and Kashmir Appropriation (No. 3) Bill, 2024, and the Finance (No. 2) Bill, 2024, following a vigorous debate over the Budget.
In a major relief to the real estate sector, Lok Sabha on Wednesday approved the Finance Bill 2024 carrying relaxed capital gains tax provisions in respect of land or building.
The Union Budget has introduced a series of tax simplification measures, with significant implications for TCS compliance. Ravi Agarwal, Chairman of the CBDT, has hinted at the potential decriminalisation of delays in TCS filings
In the Union Budget 2024, Finance Minister Nirmala Sitharaman announced a significant change in the taxation of rental income from residential properties. To curb tax evasion, it has been mandated that such income can only be declared under the 'Inco
In the Union Budget 2024-25, FM has addressed the central government’s controversial 45-day payment rule by announcing a new fund in collaboration with banks to support India's cash-strapped MSMEs.
Reducing time limitation for orders deeming any person to be assessee in default
Amendments proposed in section 276B of the Act for rationalisation of provisions
Amendments in section 42 and 43 of the Black Money Act, 2015 relating to penalty for failure to disclose foreign income and asset in the ITR
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