[ad_1] Congress president and Leader of Opposition (LoP) in Rajya Sabha Mallikarjun Kharge condemned the Budget 2024 on July 24, accusing the Prime Minister Narendra Modi-led Centre of neglecting states. Kharge said all states, except Andhra Pradesh and Bihar, received nothing in Finance Minister Nirmala Sitharaman’s Budget 2024. The Congress leader listed states, including Tamil…
[ad_1] The recently announced Budget 2024 has brought significant changes to the income tax regime, raising pertinent questions about which tax structureâold or newâwill be more advantageous for different categories of taxpayers. Finance Minister Nirmala Sitharaman’s revisions include adjustments to tax slabs and deductions, aimed at providing relief to various segments of taxpayers. Let’s delve…
[ad_1] Gold rate today: Gold rate on MCX traded higher on Wednesday, recouping sharp losses in previous session, tracking gains in international bullion prices ahead of the release of key economic data in the US. MCX gold contracts for August delivery traded 0.42% higher at âš68,801 per 10 grams, while MCX silver contracts for September…
[ad_1] Indian stock market indices Sensex and Nifty 50 have corrected nearly 2% from their record high levels amid profit booking and concerns over high valuations. While the Union Budget 2024 had mixed overall impact, the stock market is likely to discount the budget and shift its focus to corporate earnings growth. The Budget 2024…
[ad_1] With the concerns of the period of reassessment and reopening of income tax file, finance minister Nirmala Sitharaman in budget 2024 has simplified such provisions. Sitharaman has suggested that an income tax assessment window can be reopened beyond three years from the end of the assessment year if the income which is not disclosed…
[ad_1] At least four Chief Ministers from the Opposition camp have decided to boycott the upcoming meeting of NITI Aayog to protest what they call a âdiscriminatoryâ Union Budget presented by Finance Minister Nirmala Sitharaman in the Parliament on July 23. Three of these Chief Ministers are from the Congress party â Revanth Reddy (Telangana),…
[ad_1] The budget has delivered a rude shock to most taxpayers. In the guise of rationalization of the capital gains provisions, there has been a significant increase in capital gains tax liability in most cases. Relatively straightforward is the increase in the rate of tax on long-term capital gains and short-term capital gains on listed…
[ad_1] Job seekers in Kerala. | Photo Credit: The Hindu The chapter on employment in the Economic Survey starts with the observation: âEmployment is the crucial link between growth and prosperity, and its quantity and quality determine the extent to which economic output translates into better quality of life for the population.â This âcrucial linkâ…
[ad_1] The Government of India levies income tax at slab rates ranging between 0 and 30 per cent with a surcharge (up to 25 per cent) in addition to levying a 4 per cent health and education cess. Effectively, the maximum rate of income tax on the highest income bracket stands at 39 per cent…
[ad_1] It is evident that Corporate India awaits the Union budget every year with tremendous anticipation. The measures proposed by finance minister Nirmala Sitharaman in the latest budget have fared rather well against these expectations. The nine-point agenda covering critical areas such as productivity and resilience in agriculture, manufacturing and services, infrastructure, inclusive human resource…
