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Budget 2024 LIVE Updates Income Tax: Will Budget 2024 allow more deductions under new income tax regime? All eyes on FM

Income Tax Budget 2024 Live Updates: Finance Minister Nirmala Sitharaman will present the interim budget for fiscal year 2024-25 on February 1, 2024. By definition, it will be a Vote on Account ahead of the Lok Sabha Elections scheduled later in April-May this year. Traditionally, the central government does not announce any significant reforms in the Votes on Account. "In Votes on Account, the tax structures and rates are generally not revised and significant changes to taxation are usually proposed in the subsequent full budget presented by the newly elected government," says Dr. Suresh Surana, Founder, RSM India. However, hopes are high from Sitharaman s last budget as middle-class taxpayers are eagerly waiting for some much-needed relief. More deductions in the new income tax regime, a hike in the standard deduction limit, and simplification of the capital gain tax regime are some of the demands of Indian income taxpayers from Budget 2024. 1) Tax deduction for contributin ....

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India's 2024 Budget: Lawyer reactions | Asian Legal Business

India’s Union Finance Minister Nirmala Sitharaman presented the interim Union Budget on Thursday. With elections around the corner, an interim budget is presented to keep essential government operations funded until the newly elected government presents its full budget. ....

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Budget 2024 expectations: 15 expectations of individual taxpayers this Budget

Different sectors in India have put forth their needs and demands. Here are 15 important things in the wish list of the common man regarding income tax. ....

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How Canada's international student cap will impact India

How Canada's international student cap will impact India
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Singhania & Co, Vibrant Gujarat Global Summit 2024

Singhania & Co., a leading law firm, has announced the release of a comprehensive Law Book tailored for the Vibrant Gujarat Global Summit 2024. This invaluable resource is designed to offer attendees,. ....

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