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Old vs new property indexation tax rules: Which system can help you save Rs 15 lakh on the sale of same property; know through example

Old vs new property indexation tax rules: Which system can help you save Rs 15 lakh on the sale of same property; know through example

Wed, Aug 07, 2024

The amendment in new rule provides significant relief on long-term capital gains for immovable property. The flexibility given by the grandfathering clause applies to any property transactions completed before the Budget's release on July 23.

No state has been denied money in FY25 Budget: Nirmala Sitharaman

No state has been denied money in FY25 Budget: Nirmala Sitharaman

Tue, Jul 30, 2024

"I have been picking up on Budget speeches since 2004-2005, 2005-2006, 2006-2007, 2007-2008 and so on. The Budget of 2004-2005 did not take the name of 17 states. I would like to ask the members of the UPA government at that time - did money not go to those 17 states? Did they stop it?" Sitharaman said.

Budget 2024: Government announces venture fund of Rs 1,000 crore to expand space economy

Budget 2024: Government announces venture fund of Rs 1,000 crore to expand space economy

Tue, Jul 23, 2024

In 2023, in a stellar display of prowess, India soared to new heights with the successful soft landing of Chandrayaan-3 on the South Pole of the Moon and the successful launch of Aditya-L1, India's first solar mission.

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Budget 2024: FM announces credit guarantee scheme, other measures for MSMEs

Budget 2024: FM announces credit guarantee scheme, other measures for MSMEs

Tue, Jul 23, 2024

"We have formulated a package, covering financing, regulatory changes and technology support for MSMEs to help them grow and also compete globally, as mentioned in the interim budget," Finance Minister Nirmala Sitharaman said.

Budget 2024: Government to fully exempt 3 cancer drugs from customs duty

Budget 2024: Government to fully exempt 3 cancer drugs from customs duty

Tue, Jul 23, 2024

Nirmala Sitharaman also proposed changes in the basic customs duty (BCD) on x-ray tubes and flat panel detectors for use in medical x-ray machines under the phased manufacturing programme, so as to synchronise them with domestic capacity addition.

Budget 2024: 3 crore houses to be built under Pradhan Mantri Awas Yojana

Budget 2024: 3 crore houses to be built under Pradhan Mantri Awas Yojana

Tue, Jul 23, 2024

Union Budget 2024: The Modi 3.0 government has proposed a Rs 2.2 lakh crore increase in urban housing.

Continue 45-day MSME payment rule: Industry body to Finance Minister

Continue 45-day MSME payment rule: Industry body to Finance Minister

Sun, Jul 14, 2024

Section 43B(h) of the Income Tax Act reinforces the importance of timely payments by mandating that companies settle payments to MSME vendors within 45 days to qualify for deductions," SME Chamber said in a statement addressed to Sitharaman.

Finance ministry notifies GSTR-1A to amend outward supply form

Finance ministry notifies GSTR-1A to amend outward supply form

Thu, Jul 11, 2024

Last month, the GST Council had recommended providing a new optional facility by way of form GSTR-1A to facilitate the taxpayers to amend the details in form GSTR-1 for a tax period and/ or to declare additional details.

Budget 2024: What is PM-SVANidhi Scheme that Finance Minister Nirmala Sitharaman mentioned in her Budget speech

Budget 2024: What is PM-SVANidhi Scheme that Finance Minister Nirmala Sitharaman mentioned in her Budget speech

Fri, Feb 02, 2024

Union Budget 2024: While presenting Interim Budget 2024, Finance Minister Nirmala Sitharaman mentioned about a loan scheme called PM-SVANidhi Scheme. She said that as many 78 lakh street vendors got credit from the government under this scheme. She also mentioned that among those, 2.3 lakh vendors got credit for the third time. Know what is PM-SVANidhi Scheme and how is it helping street vendors post coronavirus pandemic bout?

Budget 2024: Terms that you come across during Budget speech but might not know their meaning; know here

Budget 2024: Terms that you come across during Budget speech but might not know their meaning; know here

Wed, Jan 31, 2024

When you hear India's finance minister delivering the budget speech or when you go through the Budget document, you come across many financial terms that are not used very often. Know many such budget vocabulary in this write-up.

FM Launches Corporate Bond Repo Clearing Platform

FM Launches Corporate Bond Repo Clearing Platform

Fri, Jul 28, 2023

India's settlement technology is the fastest and best in the world, India's financial market is a trend setter in the world in many respects. MF's AUM has crossed ~44 Lk Cr: FM Nirmala Sitharaman

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