Budget 2024 LIVE Updates, Union Budget Expectations News: The finance minister, Nirmala Sitharaman, is set to present the Interim Budget 2024 on February 1, 2024. As is customary, every sector of the economy holds certain expectations from the Budget.To streamline and simplify taxes, there are several pivotal measures that can be considered. These steps aim to rationalize the tax structure and alleviate the compliance burden on taxpayers.To alleviate the compliance burden, a proposal has been put forth to eliminate the necessity of issuing TDS/TCS certificates, with exceptions applicable to (A) Salary TDS certificates in Form 16, (B) TDS certificates issued to non-residents, and (C) Higher TDS/TCS cases where PAN is unavailable.Regarding Tax Deduction at Source at a rate of 1% under section 194O, there is a recommendation to exclude digital platforms operated for the benefit of farmers/FPOs from the scope of this section.The Confederation of Indian Industry (CII) expressed sincere grat
The new mechanism would regulate the release of funds to the states and track their use, thereby preventing idling
The Union government executes a plethora of welfare programs aimed at providing basic and necessary amenities and upliftment of the most disadvantaged members of society. It does so
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In 2023, gross tax collections of Rs. 12.67 lakh crore mark a 17.7% YoY increase, with net collections reaching Rs. 10.64 lakh crore, reflecting a 23.4% growth.
laimayum bashanta sharma from that point on, dbt has contributed to the reform of the government delivery system by re-engineering the welfare schemes' current procedures to facilitate an easier and quicker flow of grants and information.the advantages in