Mon, Jul 22, 2024
Union Budget 2024 : The upcoming Union Budget 2024 is likely to draw the roadmap to accelerate India’s electric vehicle ambitions, with the Narendra Modi government targetting 30 per cent of auto sales shares by 2030 to be that of electric variety.
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Budget expectation: CA Ruchika Bhagat, MD, Neeraj Bhagat & Co believes that the government will make the new tax regime more appealing to individual taxpayers. CA Bhagat anticipates several key expectations and reforms to be unveiled in this Union Budget.
Sun, Jul 21, 2024
Budget expectations: One of the wishes includes rationalisation for tax exemption in Long Term Capital Gains (LTCG) and Short Term Capital Gains (STCG) U/S 111 A/112 etc.
India is the only country levying STT and CTT taxes in the delivery-based as well as derivatives and commodities futures segment, thus, ANMI reckons that a rebate under Section 88E for STT and CTT paid should be reintroduced.
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