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Government ended 92 Year old Practice by merging the Railway Budget with General Budget
Government ended 92 Year old Practice by merging the Railway Budget with General Budget. It also in Principle Decided to advance the presentation of Union Budget from Last Day of February to the first week of February. ???????????????????? CA JAIN ALOK 9899259011 NIRC Member
Highlights of Union budget 2019
Highlights Of Union budget 2019: Tax 1. Within 2 years, Tax assessment will be done electronically 2. IT returns processing in just 24 hours 3. Minimum 14% revenue of GST to states by Central Govt. 4. Custom duty has abolished from 36 Capital Goods 5.
RBI press release to handle the panic in market
Today RBI press release was scheduled to handle panic in the market due to Corona Virus. Two important measures announced by RBI: No rate cut announced by RBI. But some liquidity measures are taken Rs. 1,00,000 crore of long term repos is announced. Surety
Highlights of Union Budget 2021-22
Highlights of Union Budget 2021-22 A. Initiative TakenTill Date The Finance Minister started her tax proposals by stressing the initiative taken in the past to smoothen and simplify the tax system. Few of them are slashing of Corporate Tax Rates drastically, Abolition of DDT &
Budget 2022-2023 Highlights
GENERAL GST collection for the month of Jan 2022 at 1.40 Lakh crores, which is the highest since inception. In the background of robust economic recovery and buoyant tax collection, Finance Minister Nirmala Sitharaman presented a futuristic and development-oriented Budget for the fiscal year 2022-23.
Financial PlanningDirect Tax Proposals Budget 2022
Tax Rates Related Amendments The Budget backed no major changes in the tax rates for taxpayers, except for a few minor changes for specific classes of incomes and specific classes of taxpayers. Taxation of Co-operative Societies Surcharge applicable on Co-operative societies As per provisions of
Union Budget 2022-23- Proposed Changes Relating to Income Tax Search and Seizure Provisions
Introduction The Hon’ble Union Finance Minister Nirmala Sitharaman has presented the Union Budget 2022-23 of India on the 1st of February, 2022 with an aim to boost growth amid continued disruption from Covid-19 and rising inflation. The Hon’ble Finance Minister mentioned that the country is
Union Budget 2023-24- Proposed Changes relating to Income Tax Search and Seizure Provisions
Introduction The Hon’ble Union Finance Minister Nirmala Sitharaman has presented the last full-fledged Union Budget of the Modi government before the 2024 Lok Sabha elections on 1 February 2023. While presenting the Budget, Sitharaman said: “This Budget hopes to build on the foundation laid in
Financial Planning15 Effective Strategies to Maximize Your Savings and Grow Your Wealth
Saving money is one of the most important financial habits that everyone should cultivate. Whether you are trying to save for a rainy day or for a long-term goal, such as buying a house or retiring comfortably, it is essential to have a plan and
Coal Sector’s Economic Contribution: A Vital Pillar of Revenue Generation
Introduction: The coal sector plays a pivotal role in India’s economy, contributing significantly to both the Centre and state governments’ revenue through various channels such as GST, royalties, and other levies. The government’s recent statement emphasizes the substantial financial contribution of the coal industry, highlighting
Telangana CM’s Initiatives: Tackling Revenue Shortfall and Layout Regularisation
Introduction: Telangana Chief Minister Revanth Reddy recently chaired a crucial review meeting to address the state’s revenue shortfall and discuss the regularisation of unapproved layouts. The meeting shed light on pending dues from the Union government and the government’s decision to regularise unauthorised layouts to
“India’s Economic Outlook: A Promising Start to Q4”
Promising Start to Q4 India’s economy kicked off the fourth quarter on a positive note, as indicated by the National Council of Applied Economic Research (NCAER) in its latest economic review. Key Indicators The report highlights several key indicators pointing to a robust and resilient
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