Insurers are calling for increased tax benefits for health insurance, relaxed payment norms for MSMEs, and incentives for the agri-tech sector in the upcoming Union Budget 2024-25. FM Nirmala Sitharaman is set to present the budget on July 23, which will outline the new government's economic agenda.
The finance minister proposed to retain the same direct and indirect tax rates, including import duties.
ITR filing: July 31 is the due date to document personal government forms for the assessment year 2023–24 (relating to FY23), so the perfect opportunity to begin the process is when you get your Form 16.
Saving in insurance should not be limited to saving taxes, but consumers should understand that insurance is a safety net that can protect them in planned and unplanned circumstances
As per the policy, the state will provide a 15 per cent subsidy, a maximum of Rs 5,000 for two-wheelers, Rs 10,000 for three-wheelers, and Rs 50,000 for four-wheelers on the base price.
The steel minister said he will on behalf of his ministry assign a task to NITI Aayog and ask the think tank to discuss ways with all the government departments, especially the finance department, to make steel industry competitive.
Life Insurance Corporation of India (LIC) is the State-owned largest insurance policy provider - for life insurance, health insurance, pension plans or several other insurance and pension schemes. There are several tax benefits LIC policyholders can get on their LIC policies.
ITR Filing: To file an income tax return (ITR) for the assessment year 2019-20 for FY 2018-19, July 31 is the last date. Individuals can file ITR online through income tax's e-filing ITR website. Here is a step-by-step guide on how to file ITR online – Part A and Part B.
Union Finance Minister Nirmala Sitharaman is all set to present the Union Budget 2019 before Parliament. Here we give you a quick look at the points on what the first full-time female finance minister will present for the country.
Finance Minister doled out tax sops to middle class including doubling of income tax exemption limit to Rs 5 lakh, raising standard deduction to Rs 50,000 and provided concessions on interest income from bank deposits and rent.
Regulators said Amazon received tax breaks between 2006 and 2014 in Luxembourg without any "valid justification."
Commerce and Industry Minister Nirmala Sitharaman on Monday indicated that startups may get additional tax benefits in the forthcoming budget, to be unveiled on 1 February.
New Delhi: As the Budget day approaches, various sectors are lobbying hard for tax benefits and duty cuts while a few others want the government to ensure a stable and predictable taxation regime.The groups and
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