Allocation to Maharashtra Under Railway budget of Rs 15,940 crore 250 new local services in coming five years 41 new projects, 5877 km new rail network Redevelopment of 128 Railway Stations New Delhi 25: The Union Railway Budget for 2024-25 has allocated Rs 15,940 crore for the State of Maharashtra. The budget includes 41 new…
[ad_1] With the revision of tax rates in the new tax regime (NTR) announced in Budget 2024, some taxpayers are in a dilemma about the rates at which they have to calculate their income tax liability while filing their income tax returns ahead of the July 31 deadline. In Budget 2024, Finance Minister Nirmala Sitharaman…
[ad_1] Although many taxpayers anticipated the possibility of capital gains tax rationalisation in Budget 2024, not many were expecting the tax rates to be raised, said Saumya Aggarwal, assistant professor, department of commerce at Shri Ram College of Commerce, University of Delhi. In a telephonic interview with MintGenie, Aggarwal also spoke about the National Pension…
[ad_1] Real estate transactions had enjoyed lower effective tax rates due to indexation benefits that adjusted for inflation before levies were made. With the union budget removing indexation benefits across asset classes, a higher appreciation in property prices would actually reduce the tax payout for real estate investors. If the returns are higher, the new…
[ad_1] Finance Minister Nirmala Sitharaman has proposed drastic changes in capital gains taxation. This article will discuss budget proposals related to the taxation of equity market transactions. Increase in the tax rate and enhanced tax-free amount of long-term capital gains Presently, the profits on the sale of listed shares and units of equity-oriented schemes of…
[ad_1] A hospital in Alluri Sitarama Raju district, Andhra Pradesh. File | Photo Credit: Special Arrangement With the worst of the COVID-19 pandemic behind us (though the World Health Organization warns that the virus has still not vanished), the Union Budget expectedly shifted focus to levers of economic growth such as infrastructure and employment. It…
[ad_1] In Budget 2024, the central government has sweetened the new tax regime with more slab relaxations and an increase in the standard deduction from ā¹50,000 to ā¹75,000. However, despite the changes introduced in Budget 2024 in the rates under the new tax regime, there are taxpayers who would want to opt for the old…
[ad_1] Trinamool Congress (TMC) leader Abhishek Banerjee warned the Centre on Wednesday and said that Prime Minister Narendra Modi is on “borrowed time”. Hitting out at the PM Modi-led central government, Abhishek Banerjee said in the Lok Sabha, “Waqt badal gya hai (the time has changed)”. He said the prime minister now āleading a creaky,…
[ad_1] In the Union Budget 2024, presented by Finance Minister Nirmala Sitharaman on July 23, the tax rates for long-term capital gains (LTCG) and short-term capital gains (STCG) have been tweaked. The changes include raising the tax rate on long-term capital gains on equity from 10 per cent to 12.5 per cent, while the tax…
[ad_1] Bharatiya Janata Party (BJP) Srikakulam district president Birlangi Umamaheswara Rao on Wednesday said that Andhra Pradesh would develop quickly with the support of Union government, which assured the State of ā¹15,000 crore financial assistance and early completion of Polavaram project. BJP organised a round table conference with business persons, auditors, academicians and others to…
