[ad_1] Budget 2025: BJP issues three-line whip for all Lok Sabha MPs, asking them to be present in Lok Sabha tomorrow, 21 March, for the passing of the budget. Further Lok Sabha has announced that the parliament will apply guillotine tomorrow. Lok Sabha Speaker Om Birla had in March 2023 applied guillotine to clear the…
[ad_1] The second leg of Parliamentās Budget session will begin today, March 10. The session is expected to begin on a stormy note, with the Opposition planning to corner the Union government on issues like US trade tariffs, alleged manipulation of electoral rolls, the Waqf bill, delimitation and the three-language rule in National Education Policy…
[ad_1] Jammu and Kashmir Budget 2025: Jammu and Kashmir Chief Minister Omar Abdullah presented the Union Territoryās first budget on Friday, announcing a host of measures to empower youth and women, address regional disparities, and work toward the restoration of statehood. āThis Budget emphasises inclusive growth, fiscal prudence, and strategic investments in infrastructure, agriculture, industry,…
[ad_1] A few years ago, during a field visit, I met two women whose stories stayed with me. Lakshmi, an entrepreneur, had the skill and ambition to expand her small lacquer bangle business, a craft passed down by her father. But every bank she approached demanded collateral she didnāt have.Ā In another town, I met…
[ad_1] The Union ministry of ports, shipping and waterways (MoPSW) on Thursday announced a series of initiatives, including āOne Nation: One Port Process (ONOP)ā, aimed at modernizing Indiaās maritime infrastructure, strengthening its global trade presence and promoting sustainability. Ports, shipping and waterways minister Sarbananda Sonowal launched the initiatives during a stakeholders’ meeting to discuss various…
[ad_1] Though the announcement was widely welcomed, it failed to address a critical question ā does income from capital gains affect a personās eligibility for the rebate? In other words, if a person with a ā¹12 lakh salary earns an additional ā¹1 lakh from capital gains, will they lose the rebate or will they only…
[ad_1] In Budget 2025, Finance MinisterĀ Nirmala Sitharaman announced that taxpayers withĀ income upto ā¹12 lakh do not need to pay any income tax. Aside from this,Ā salaried taxpayers will be entitled to take an additional benefit of no tax by virtue of ā¹75,000 standard deduction. Notably, these changes will come into effect from April 1 2025, which…
[ad_1] India’s income tax law has recently undergone a major reform with a new Bill having been introduced in the Lok Sabha on Thursday and proposed to be reviewed by the select committee. The new Income Tax Bill aims to make the tax legislation simpler, concise and easy to read, so that there is less…
[ad_1] New Income Tax Bill: Finance Minister Nirmala Sitharaman tabled the long-awaited bill for the new tax code in the Lok Sabha on Thursday, February 13. While the new bill is a significantly shorter version of the Income Tax Act of 1961, it mandates that assessees would have to share their computer ā access codesā…
[ad_1] Finance minister Nirmala Sitharaman on Thursday defended the tax relief measures in the Budget, emphasizing that they primarily benefit middle-income earners. Responding to a debate in the Rajya Sabha, Sitharaman said a closer look at the tax proposals reveals that the maximum benefit applies to those earning up to ā¹12 lakh, tapering off as…
