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    Budget 2024: Expect incentives for agri sector, infra focus to continue, says Tushar Pradhan of Epsilon Money

    “Another positive is the inclusion of Indian government bonds in the JP Morgan index but it is a longer term positive because if you're not in any index, you're not visible to foreign investors. It has an impact on the local markets and individual investors who are investing in bonds in India will also benefit,” says Tushar Pradhan

    What homeowners want from Budget 2024: Higher exemption limit, shorter period for CGAS holding, bond lock-in and more

    With Budget 2024 scheduled in the coming weeks, the Finance Minister is expected to make announcements that will set the path for India to achieve the vision. Towards this, the government may look to providing various incentives to taxpayers, especially on capital gain taxation boosting investment and in providing stimulus to the housing sector. Here is the list of expectations an individual taxpayer would have with respect to a property sale transaction from Budget 2024.

    3 sectors Nirmala Sitharaman may focus on during Budget 2024

    The first Budget of Narendra Modi's third term will be presented on July 23, with the dates being officially announced. Finance Minister Nirmala Sitharaman is all set to table the Budget. Sitharaman will leverage the revenue growth and a record dividend from the Reserve Bank of India.

    Budget 2024: What's coming up? A Sitharaman budget or a Naidu-Nitish budget?

    Budget Expectations: Finance Minister Nirmala Sitharaman will present her seventh full budget on July 23. Known for fiscal prudence, aggressive capital expenditure, and boosting manufacturing, her previous budgets lacked populist proposals. With changed political dynamics post-elections, allies TDP and JD(U) are speculated to seek favorable treatment in the budget. Sitharaman is expected to balance fiscal discipline with growth amidst demands.

    Budget 2024 Expectations: Policies and reforms needed to boost NRI investments in Indian real estate

    The Indian real estate market is experiencing a rise in NRI investments. Policies like RERA and reforms in financial transactions are attracting overseas buyers. With a focus on luxury housing, India's real estate sector is poised for growth and economic benefits.

    Union Budget consultations done, Sitharaman set to announce measures and reforms on July 23

    Budget expectations: Finance Minister Nirmala Sitharaman completed pre-Budget consultations with diverse stakeholders, setting the stage for presenting her seventh Union Budget on July 23. This first full budget of Modi's third term aims to steer India towards becoming a developed nation by 2047. President Murmu hinted at significant economic reforms ahead.

    • Budget 2024: Hospitality players seek infra status for hotels

      Advocates from the hospitality industry are urging the government in the upcoming Union Budget to classify hotels as infrastructure to enhance investment appeal and move away from luxury or 'sin' goods labels. They seek incentives like tax breaks for eco-friendly practices, highlighting tourism's potential for GDP growth and job creation.

      More tax savings from NPS in Budget 2024? Expect employer's share to rise to 12%, additional Rs 50,000 NPS deduction in new tax regime

      NPS changes in Budget 2024: Currently, the deduction in respect of the employer’s contribution (capped at 10%) to NPS is allowed under both the old tax regime and the new tax regime. The government may consider at increasing this limit to 12% (aligned with the exemption of employer’s PF contribution up to 12%). Another proposal is to introduce the additional deduction of Rs 50,000 under the new tax regime. Will Budget 2024 make NPS and new tax regime more attractive for investors? Read on

      Budget 2024: Will Budget remove the ‘killer’ angel for the sake of Indian startups?

      Budget expectations for startups: Ahead of the Budget 2024, the DPIIT has proposed eliminating the Angel Tax for startups to boost capital formation. The department also aims to address the inverted duty structure and high tariffs on electronics inputs. The 'angel tax' issue has sparked political debates, with industry leaders and organizations urging its removal to facilitate startup investments. Startups will await Budget announcements with hopes for measures on angel tax.

      Budget 2024: Tax cuts and lower rates top developers’ Budget wishlist

      Budget Expectations: As the Union Budget 2024 nears, real estate developers eagerly await tax rationalisation and interest rate cuts for financial viability and growth. The CREDAI and Colliers survey underscores the need for GST input tax concessions and lower interest rates to boost project feasibility. Developers anticipate strong demand in Tier I and II cities, with hopes of sustaining momentum in 2024. Expectations include cost management solutions, price increases, and exploring new residential models. Developers and stakeholders look to Budget 2024 for crucial support in driving sector growth.

      6 things salaried taxpayers want from Budget 2024: Hike in standard deduction, HRA exemption, work from home benefits and more

      Budget 2024 expectations: The upcoming budget is expected to address salary taxation to benefit salaried individuals and boost the economy. Taxpayers expect revisions in areas like standard deduction, tax slabs, and HRA limits to ease their burden and encourage spending. Here are some of the key changes that salaried taxpayers want from Finance Minister Nirmala Sitharaman in Budget 2024.

      Sitharaman may focus on affordable housing in Union Budget: Former HDFC CEO Keki Mistry

      BUDGET 2024: Finance Minister Nirmala Sitharaman is expected to prioritize affordable housing in the upcoming Union Budget, former HDFC CEO Keki Mistry stated. Real estate developers are advocating for tax rationalization, more funds for the SWAMIH scheme, and continued government backing to sustain sector growth and stimulate demand

      Budget 2024: DPIIT seeks Angel tax, inverted duty removal in Budget

      The Department for Promotion of Industry and Internal Trade (DPIIT) has proposed eliminating the Angel Tax for startups ahead of Budget 2024, said Secretary Rajesh Kumar Singh. Introduced in 2012 under Section 56(2)(viib) as an anti-abuse measure to prevent tax evasion, the tax is levied above 30%. DPIIT asserts this removal could enhance capital formation in India.

      Can the bull run continue or should you be concerned? Ajay Khandelwal explains

      Ajay Khandelwal says expecting between 5% and 7% earning growth in large-cap IT companies, but certain businesses in midcap IT will grow even more than 15% to 20%. At this point, we have allocation in our large and midcap and our multi-cap. But in terms of smallcap, we do not have IT allocation.

      Budget 2024 should hike basic income tax exemption limit to Rs 5 lakh in both old and new tax regimes: Deloitte

      Finance Minister Nirmala Sitharaman is likely to present Union Budget 2024 this month. Salaried taxpayers are eagerly waiting for some much-needed tax benefits from the upcoming Budget. According to Deloitte, salaried people want Finance Minister to revamp tax slab benefits, adjust HRA rates, incentivise EV sales, and promote affordable housing in Budget.

      Capital gain taxation in Budget 2024: Income tax rate parity, uniform holding period for long-term gain; what taxpayers want

      Budget 2024 expectations: The present provisions of determining capital gains tax are complex and varied. The government has hinted at simplifying it, and the upcoming budget could be the perfect opportunity to make those changes. Here's how Budget 2024 can simplify capital gains tax for investors.

      Income tax Budget 2024 expectations: 10 ways the finance minister can ease income tax and financial burden of senior citizens

      Income tax Budget 2024 expectations: A notable percentage of taxpayers in India are senior citizens since they receive income, frequently through passive means. ET Wealth Online interviewed three specialists to discuss senior citizens' expectations for the forthcoming Union Budget 2024.

      Budget should double standard deduction, raise basic exemption to Rs 3.5 lakh under new tax regime: EY

      EY recommends significant tax reforms in the upcoming Budget, urging the government to double the standard deduction under the new concessional tax regime to Rs 1 lakh or increase the basic exemption limit to Rs 3.5 lakh. Key suggestions include maintaining corporate tax stability, rationalizing TDS provisions, and improving dispute resolution mechanisms.

      Industry pitches for tax reduction, rationalisation of duty structure in Budget

      During a pre-budget meeting with Finance Minister Nirmala Sitharaman, industry representatives urged for reduced indirect taxes and rationalized duty structures. FIEO's Ashwani Kumar requested extending the Interest Equalisation Scheme for five years. Reliance Industries sought a review of tariffs on Chinese imports, and Nasscom pushed for easing transfer pricing rules.

      Central govt employees seek rationalised income tax slabs and old pension scheme from Budget

      Central government employees are advocating for key reforms in the Union Budget 2024-25. Their demands include rationalization of income tax slabs, the restoration of the old pension scheme, the establishment of the eighth central pay commission, improved home loan recovery terms, enhanced medical facilities, and income tax exemptions for pensioners.

      What is expected from the GST Council meeting today?

      The GST council may delay the inclusion of petroleum products under GST and the much-awaited rate rationalization. Discussions may also focus on reducing GST on insurance products.

      Budget 2024: What will happen to Income Tax in this Budget, will it be cut?

      Finance Minister Nirmala Sitharaman is gearing up to present the Union Budget 2024 in late July, her seventh budgetary address. Following the interim budget in February, expectations are high regarding potential income tax rate cuts to stimulate consumption and address economic priorities. Industry bodies like FICCI and CII have advocated for tax relief, while the Ministry of Finance explores measures targeting higher-spending individuals, potentially introducing a new tax bracket.

      Union Budget: India mulls income tax cuts in Budget as part of $6 billion consumer boost

      India Budget Tax Expectations: India's government under Prime Minister Narendra Modi is considering measures worth over 500 billion rupees to boost consumption in the upcoming budget. This includes tax cuts for lower income individuals for the first time in seven years. The plan aims to target consumers with high propensity to spend amidst economic challenges.

      Budget 2024: How about a 'Robot Tax' in Budget? Economists pitch the idea for AI-hit jobs

      Union Budget: Economists discussed the upcoming Budget with Finance Minister Nirmala Sitharaman, focusing on growth, fiscal policy, investment, private sector involvement, food inflation, and debt. Key topics included the impact of AI on employment, 'robot tax' proposal, IMF recommendations, challenges faced by developing countries in adapting to AI technology, and insights from Gita Gopinath.

      Budget 2024: Fin Min considering income tax rate cuts to boost consumption

      BUDGET expectations: The Indian government is exploring personal tax cuts for individuals earning over ₹1.5 million annually to boost consumption and savings. This move, considered for the July budget after the BJP’s electoral setback, aims to address inflation and unemployment concerns. These adjustments may modify the existing 2020 tax scheme, potentially lowering the 30% top tax rate.

      Income tax relief for those in lowest slab may need to be considered in Budget: CII

      Sanjiv Puri, newly-elected CII President, advocates potential income tax relief for the lowest slab amidst high inflation in the upcoming 2024-25 Budget. He proposes institutional platforms for consensus-building on reforms, emphasizing public capex, fiscal discipline, and investment in social infrastructure. CII anticipates inflation around 4.5%, urging RBI rate cuts by year-end.

      What to expect from NDA 3.0's budget #1

      The new NDA government's budget aims for faster fiscal correction with higher growth and central bank profits to lower interest rates.

      After a 5% rally in 2 days, ITC earns a downgrade. Here's why

      Emkay Global downgraded ITC to 'add' at Rs 460 citing near-term pressures like margin stress. Analysts' recommendations from Trendlyne data show 31 buy, 2 hold, and 1 sell. ITC shares yielded negative returns recently.

      Market will soon start acting and reacting to economic fundamentals

      The unexpected election results and resulting uncertainty have triggered market jitters, reminiscent of similar situations in 2004 and 1991

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