TAX DAY 2024
Budget 2024: Ombudsman body and more on Nirmala Sitharaman's to-do list for PLI scheme
Budget 2024: The Modi-led government's policy announcement on July 23 aims to enhance Policy Linked Incentives (PLI). Gunjan Prabhakaran of BDO India suggests quicker disbursements and an ombudsman. The PLI scheme, covering 14 sectors including telecommunication and medical devices, has Rs 1.97 lakh crore outlay. Budget 2025 raised the allocation 33% to Rs 6,200 crore.
Union Budget 2024 will likely focus on women, middle-class and agri sector
BUDGET EXPECTATIONS: Narendra Modi's third-term Budget, slated for July 23, focuses on leveraging revenue growth and RBI dividends for infrastructure and targeted sectors. The session will also introduce non-legislative reforms. The Economic Survey will precede, highlighting achievements and future plans. Sitharaman aims to tackle inflation, unemployment, and regional disparities with tax measures and social benefits, aiming for a fiscal deficit of 4.5% amid robust GDP projections.
Budget 2024 date: Finance Minister Nirmala Sitharaman to present Union Budget in Lok Sabha on July 23
Budget 2024 date: Finance Minister Nirmala Sitharaman is scheduled to present the Union Budget, which will outline the roadmap for Modi 3.0, in the Lok Sabha on July 23. The Parliamentary session dedicated to the Budget will commence on July 22 and extend until August 22.
How to file ITR-2 online with salary, capital gains and other incomes for FY 2023-24 (AY 2024-25)?
ITR-2 can be filed using the Excel or Java utilities provided by the income tax department, or online directly through the e-filing portal. This guide outlines the most effective way to file ITR-2 online, including examples of reporting salary, capital gains, and other incomes in the tax return form.
Amazon Fourth of July Sales 2024: Steep discounts on hundreds of items: Kitchen equipment, luggage essentials, Apple tech and more
The retail giant has come out with Amazon's Fourth of July Sales 2024, which spans every category, including home and kitchen items, luggage essentials, Apple tech and more. Buyers can find all their favorite Fourth of July sales on Amazon. Amazon has offered discounts on hundreds of items ranging from cosmetic products and household equipment to electronic gadgets.
Budget 2024: Tariffs, duties & nuisance tax - Here's what electronics industry wants from FM Nirmala Sitharaman
Budget 2024 Expectations: The electronics industry wants Finance Minister Nirmala Sitharaman to simplify tariff lines and streamline duties for sub-assemblies and input parts in the upcoming budget. They specifically call for reducing the current seven tariff slabs to three and eliminating nuisance tariffs of 2.5% on certain parts.
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How to file ITR-1 with salary, income from house property and other sources for FY 2023-24 (AY 2024-25)
File ITR-1 online: Here is a step by step guide on how salaried individuals can file their income tax return using ITR-1 form easily on the income tax department's e-filing website. ITR-1 form is also known as Sahaj. Individuals having income from salary, house property, interest and dividend incomes can use ITR-1 to file income tax return.
Pakistan's National Assembly passes Rs 18,877 billion budget for fiscal 2024-25
The budget, facing opposition, sets growth targets and tax revenue goals while addressing concerns about IMF loans and tax exemptions to aid economic growth.
MSME Day 2024: Participation of women in MSMEs increases but challenges remain
MSME Day 2024: While the role of women has increased significantly in India’s MSME set-up, certain challenges remain which need to be soon addressed. Notably, the women-led MSMEs play a critical role in this set up. They contribute significantly to employment and investment.
ETMarkets Smart Talk: Reforms to attract FDI, simplification of tax regime & green energy likely in Budget 2024: Gurpreet Sidana
The positive trends in global markets, favourable domestic economic data, and optimism regarding corporate earnings growth have further bolstered market sentiment.
RSS-affiliate union seeks extension of mandatory work under MGNREGA to 200 days in pre-Budget meet
BUDGET EXPECTATION: In its pre-budget meeting with the finance minister Nirmala Sitharaman on Monday, BMS general secretary Ravindra Himte demanded increasing the minimum pension under the Employees’ Pension Scheme (EPS), 1995 from Rs 1,000 to Rs 5,000 while enhancing of honorarium of scheme workers, especially for Asha, Aanganwadi, Mid-day Meal and National Health Mission workers, the central trade union said in a statement issued on Tuesday.
ETMarkets Smart Talk: We could see tweak in corporate & personal tax to boost consumption in Budget 2024: Samir Bahl
While the expectations on overall economic growth were unchanged, FED committee members increased their inflation forecast for 2024 and 2025 and hence in June 2024, Fed kept the interest rates unchanged at 5.50%.
Union Finance Minster Nirmala Sitharaman chairs pre-budget meeting with state finance ministers
Union Finance Minister Nirmala Sitharaman chaired a pre-budget meeting with state and union territories finance ministers at Bharat Mandapam for suggestions on the upcoming Union Budget, after previously consulting with economists and industry experts. She is set to chair the 53rd GST Council Meeting to discuss tax rates, policy modifications, and administrative challenges, crucial for shaping India's indirect tax system. The agenda for the meeting is yet to be disclosed.
Pre-Budget meeting with FM: Tax sops, higher capex, stable tax regime top industry wishlist
Budget expectations: Indian industry and financial institutions had their customary pre-budget consultations with Finance minister Nirmala Sitharaman on Thursday. The suggestions from India Inc included tax sops, capex boost as well as tax stability.
Focus on agriculture sector in Budget 2024 as it can generate employment: PHDCCI
Budget expectations: In its pre-Budget recommendations to the Finance Ministry, PHD Chamber of Commerce and Industry (PHDCCI) emphasized focusing on the agriculture sector as a vital employment generator. With a significant portion of India's workforce in agriculture, PHDCCI advocates for boosting rural infrastructure, increasing public and private investments, and reducing post-harvest losses.
SBI Chairman pitches for tax relief on interest income in Budget
"If at all some relief could be given in the Budget regarding tax on the interest earnings, it will be an incentive to depositors. Eventually, the banking sector uses deposits mobilised for the capital formation in the country," Khara told PTI in an interview.
Father’s Day 2024: Think of your father’s future with these 26 funds to take care of his financial needs
Retirement is inevitable, and the older generation, which often trusted fixed deposits, can struggle with financial planning due to inflation reducing post-tax returns. The fear of outliving savings is a real concern due to the constant devaluation of money.
Best tax saving mutual funds or ELSS to invest in June 2024
Tax -saving mutual funds or Equity Linked Savings Schemes (ELSSs) helps you to save income tax under Section 80C of the IT Act. You can invest a maximum of Rs 1.5 lakh in ELSSs and claim tax deductions on your investments every financial year. Are you interested?
Startups seek support, policy continuity from new govt
As of 6.30 pm, data from Election Commission showed the incumbent BJP leading with 241 seats, opposition Congress with 98 seats -- leaving both parties short of the 272 Lok Sabha seats needed to form a government and increasing the chances of a coalition.
Income Tax Department seizes record Rs 1100 crore cash and jewellery in Lok Sabha elections 2024
The Model Code of Conduct (MCC) came into force on March 16, the day the Election Commission of India announced the dates for the Lok Sabha elections. Since then, the Income Tax Department has been vigilant in monitoring and seizing unaccounted cash and valuables that could potentially influence voters.
IDFC FIRST Bank revises FD interest rates: These fixed deposits to earn 8.4% rate
IDFC FIRST Bank has revised fixed deposit interest rates on amounts less than Rs 2 crore and savings account interest rates, according to its official website. The new FD interest rates are effective May 15, 2024.
Venice made $1 mn from the implementation of €5 Tourist Tax in April
Venice has responded to concerns about over-tourism by introducing a ticketing system for day visitors since last month. Reports indicate that nearly one million euros were collected within the first 11 days of implementing the tax. From April 25 to May 5, approximately 195,000 tickets were sold, generating €975,000, though this amount falls short of covering the expenses incurred in setting up the system. After the trial period, the daily fee is expected to increase to €10, with fines ranging from €50 to €300 for those without tickets.
'Chaos, ruckus, stampede-like situations every day': Yogi Adityanath takes dig at Congress-SP
In a Jaunpur rally, UP CM Yogi Adityanath criticized Congress and SP, warning of chaos and inheritance tax return if elected. He rallied for BJP, targeting opposition alliances and historic analogies. UP's critical role in the Lok Sabha elections is emphasized.
Best arbitrage mutual funds to invest in May 2024
There is no change in the list this month as all schemes have retained their place in the list. Watch out for our monthly updates to ensure your schemes are faring well.
Mother's Day gift: Can credit card be a good gift to your mother especially when she is not earning?
Mother's day: This mother's day give her the gift of financial freedom by by taking out a credit card and giving to her. A credit card will be useful for her in many situations like in case of emergencies, household shopping, etc. A credit card will also help a non-working mother by giving her better autonomy.
Akshaya Tritiya 2024: Why gold rates vary across cities?
On Akshaya Tritiya, Hindus globally celebrate by purchasing gold, symbolizing prosperity and new beginnings. However, understanding the fluctuating gold prices across Indian cities is crucial. Factors such as local demand, transportation costs, taxes, market competition, and global trends influence these variations. Despite the timeless allure of gold, its pricing reflects the intricate dynamics of each urban center, shaping the experience for buyers.
Best tax saving mutual funds or ELSS to invest in May 2024
Tax -saving mutual funds or Equity Linked Savings Schemes (ELSSs) helps you to save income tax under Section 80C of the IT Act. You can invest a maximum of Rs 1.5 lakh in ELSSs and claim tax deductions on your investments every financial year. Are you interested?
Tax Day 2024: How to file an extension if you can't pay by the deadline
According to reports, this year the average tax return stands at $3,050 based on IRS' recent statistics. If you don't have the money to pay your tax till the deadline, know how you can opt for an extension.
Tax Day 2024 in USA: Full list of discounts, freebies on food items
Tax Day 2024 in the USA beings discounts, freebies from companies such as Krispy Kreme, GrubHub, Potbelly, Arby's, Dave & Buster's, California Pizza Kitchen, BJ's Restaurant, TGI Fridays, Paris Baguette, Grimaldi's and 'Hooters'.
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