Slew Of Direct Tax Reforms Proposed in Budget 2025-26 To Achieve Good Governance
Posted Date : 01-Feb-2025 , 05:19:12 pm | Posted By CASANSAAR
Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman presented the Union Budget 2025-26, in the Parliament today. A slew of Direct Tax reforms were proposed in the document with the aim to achieve good governance for the people and economy.
The objectives of the Direct ...
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Slew Of Direct Tax Reforms Proposed in Budget 2025-26 To Achieve Good Governance
Posted Date : 01-Feb-2025 , 05:42:36 am | Posted By CASANSAAR
Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman presented the Union Budget 2025-26, in the Parliament today. A slew of Direct Tax reforms were proposed in the document with the aim to achieve good governance for the people and economy.
The objectives of the Direct ...
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Budget 2025-26 proposes changes in GST laws for ensuring trade facilitation
Posted Date : 01-Feb-2025 , 05:08:17 pm | Posted By CASANSAAR
BUDGET 2025-26 PRIORITISES TRADE FACILITATION: GST AMENDMENTS PROPOSED
DISTRIBUTION OF INPUT TAX CREDIT IN RESPECT OF INTER-STATE SUPPLIES FROM 1ST APRIL, 2025.
NEW CLAUSE TO DEFINE UNIQUE IDENTIFICATION MARKING FOR TRACK AND TRACE MECHANISM
PROVISION TO REDUCE SUPPL...
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Record over Rs 6.81 lakh crore allocated in Budget 2025-26 for MoD, an increase of 9.53% from current FY
Posted Date : 01-Feb-2025 , 04:55:27 pm | Posted By CASANSAAR
Rs 1.80 lakh crore allocated under Capital Budget of Armed Forces; Modernisation a key focus area; Rs 1.12 lakh crore earmarked for procurement from domestic industries
14% increase in allocation for Defence Pension; Rs 8,317 crore allocated for ECHS
12% hike for De...
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Investment & Turnover Limits for Classification of All MSMEs To Be Enhanced To 2.5
Posted Date : 01-Feb-2025 , 03:51:11 pm | Posted By CASANSAAR
CREDIT GUARANTEE COVER FOR MICRO AND SMALL ENTERPRISES ENHANCED FROM 5 CRORE TO 10 CRORE
10 LAKH CUSTOMIZED CREDIT CARDS WITH A 5 LAKH LIMIT FOR MICRO ENTERPRISES REGISTERED ON UDYAM PORTAL TO BE INTRODUCED IN THE FIRST YEAR
NEW FUND OF FUNDS of Rs. 10,000 CRORES TO BE SET UP FOR STA...
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FDI Limit for Insurance Sector Raised From 74 to 100 Percent: Union Budget 2025-26
Posted Date : 01-Feb-2025 , 03:34:13 pm | Posted By CASANSAAR
FORUM FOR REGULATORY COORDINATION AND DEVELOPMENT OF PENSION PRODUCTS TO BE SET UP: UNION BUDGET 2025-26
ROLL OUT OF REVAMPED CENTRAL KYC REGISTRY PLANNED IN 2025
PROCEDURES FOR SPEEDY APPROVAL OF COMPANY MERGERS TO BE RATIONALIZED, PROCESS TO BE MADE SIMPLER
Budget 2025-2...
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Need fiscal, monetary policy changes to achieve 6.4 pc GDP growth in 2025
Posted Date : 29-Jan-2025 , 05:50:28 pm | Posted By CASANSAAR
NEW DELHI: India needs to change its fiscal and monetary policy to achieve a 6.4 per cent GDP growth in 2025 amid a weak rupee, declining foreign investment and volatile inflation, Moody's Analytics said on Wednesday.
Moody's Analytics said it expects the 2025-26 Union Budget to s...
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FICCI members for review of tax structure to spur demand, boost growth
Posted Date : 28-Jan-2025 , 07:17:49 pm | Posted By CASANSAAR
NEW DELHI: Ahead of the Budget, a majority of the members surveyed by FICCI favoured review of the direct tax structure with a view to spur demand and boost growth.
A re-look at the slabs and the tax rates is warranted as this could leave more money in the hands of people and spur consumption dem...
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FM Nirmala Sitharaman Marks Final Preparations With Halwa Ceremony
Posted Date : 25-Jan-2025 , 09:09:08 am | Posted By CASANSAAR
The traditional ‘halwa’ ceremony, marking the final phase of preparation for the Union Budget 2025-26, took place at North Block on Friday. Finance Minister Nirmala Sitharaman, Minister of State for Finance Pankaj Chaudhary, and senior officials were present for the event.
This ceremo...
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FM likely to increase outlay for 2 key tax remission schemes for exporters by 10%
Posted Date : 22-Jan-2025 , 06:55:00 pm | Posted By CASANSAAR
The finance ministry is expected to increase allocations for two key tax remission schemes for exporters—RoDTEP and RoSCTL—by about 10% each in the 2025-26 budget to support exporters amid global economic challenges. Currently, Rs.16,575 crore is allocated for RoDTEP and Rs. 9,246 crore ...
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NDFC Seeks Import Duty rationalisation, lower GST in Budget
Posted Date : 22-Jan-2025 , 06:34:13 pm | Posted By CASANSAAR
NEW DELHI: The Nuts and Dry Fruits Council of India (NDFC) on Wednesday urged the government to rationalise walnut import duty on a per-kilogram basis, reduce GST to 5 per cent, and introduce a production-linked incentive scheme for the sector in its pre-budget proposals. India's dry fruits mark...
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Union Budget 2025: NPS contributions of up to Rs 50,000 to the National Pension System (NPS)
Posted Date : 21-Jan-2025 , 07:07:10 pm | Posted By CASANSAAR
Union Budget 2025: NPS contributions of up to Rs 50,000 to the National Pension System (NPS) under Section 80CCD(1B) qualify for deductions only under the old tax regime, and this benefit is not available in the new regime.
The government intends to entice people to switch to the new tax regime, ...
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Expert Demand 87A tax rebate increase, home loans, income tax slabs linked with inflation & others
Posted Date : 21-Jan-2025 , 06:43:16 pm | Posted By CASANSAAR
Budget 2025: Experts demand 87A tax rebate increase, accessible home loans, income tax slabs linked with inflation and others from the FM. A strong case for linking income tax slabs with inflation makes sense now. "By linking income tax slabs to inflation, India could protect the purchasing pow...
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FM Nirmala Sitharaman may introduce new income tax bill in Budget session
Posted Date : 18-Jan-2025 , 06:17:50 pm | Posted By CASANSAAR
Budget 2025: Finance Minister Nirmala Sitharaman is expected to present a bill for a new direct tax law during the upcoming budget session. The focus of this proposed legislation will be on simplifying existing provisions, eliminating redundant ones, and making the language more accessible to t...
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Insurers are seeking tax benefits, incentives in Union Budget
Posted Date : 14-Jan-2025 , 06:54:52 pm | Posted By CASANSAAR
Insurers eye tax benefits, incentives in Union Budget
NEW DELHI: Insurers are seeking tax benefits for buyers and incentives for selling policies in their wishlist for the upcoming Union Budget as the country is projected to emerge as the G20's fastest-growing insurance market.
In 2023-24,...
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FM Sitharaman extending the additional Rs 50,000 tax exemption for life insurance companies: Budget 2025
Posted Date : 14-Jan-2025 , 04:57:16 pm | Posted By CASANSAAR
FM Sitharaman extending the additional Rs 50,000 tax exemption for life insurance companies
Insurers Also Want FM Sitharaman To Consider Extending the Additional Rs 50,000 Tax Exemption for NPS Contributions to Pension Plans from Life Insurance Companies Too
Top insurance company officials want ...
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GDP growth, likely rate cuts in 2025 to support credit access of corporates in FY26
Posted Date : 13-Jan-2025 , 06:51:12 pm | Posted By CASANSAAR
GDP growth, likely rate cuts in 2025 to support credit access of corporates in FY26
India's GDP growth, healthier banking sector, and potential interest-rate cuts in 2025 are set to enhance corporate credit access in FY26. While sectors like cement, electricity, and telecom expect robust sale...
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Union home ministry has cut the budget for Census Survey and Statistics
Posted Date : 13-Jan-2025 , 06:48:02 pm | Posted By CASANSAAR
Union home ministry has cut the budget for Census Survey and Statistics.
The Union home ministry has cut the budget for Census Survey and Statistics. The Registrar General of India will still proceed with the delayed census and update the National Population Register. Additional funds can be acce...
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GTRI Suggests for simplified customs duty structure in Union Budget 2025
Posted Date : 13-Jan-2025 , 06:39:10 pm | Posted By CASANSAAR
GTRI Suggests for simplified customs duty structure in Union Budget 2025
The Global Trade Research Initiative suggests the government simplify the customs duty structure in the upcoming Budget. They recommend reducing slabs to five, taxing raw materials lower than finished goods, and aligning tar...
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FM Announces Amnesty Scheme for customs in Upcoming Budget
Posted Date : 13-Jan-2025 , 04:43:21 pm | Posted By CASANSAAR
FM Announces Amnesty Scheme for customs in Upcoming Budget
Finance Minister Nirmala Sitharaman may announce an Amnesty Scheme for customs in the upcoming Budget to reduce litigation and foster ease of doing business. This potential scheme aligns with the government's objective to lessen court...
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Union Budget 2025-26 expectations arise for possible simplification of Customs duty rates
Posted Date : 11-Jan-2025 , 06:55:51 pm | Posted By CASANSAAR
Union Budget 2025-26 expectations arise for possible simplification of Customs duty rates
With the Union Budget 2025-26 approaching, expectations arise for a review and possible simplification of Customs duty rates. The aim is to reduce tax rate multiplicity, fix duty inversions, resolve classifi...
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If Economic growth Slips then India's fiscal deficit seen rising to 4.98%
Posted Date : 08-Jan-2025 , 06:12:48 pm | Posted By CASANSAAR
If Economic growth Slips then India's fiscal deficit seen rising to 4.98%
India’s fiscal deficit calculations for FY25 might be impacted by a lower-than-expected economic growth forecast of 9.6%. Lower nominal GDP could result in a slight increase in the fiscal deficit ratio to 4.98%. H...
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Budget 2025-26 should prioritise giving tax relief by raising income tax exemption to 5 lakh
Posted Date : 08-Jan-2025 , 06:21:25 am | Posted By CASANSAAR
Budget 2025-26 should prioritise giving tax relief by raising income tax exemption to Rs. 5 lakh
Union Budget: EY India proposes personal tax relief and the deferment of TDS on PF interest rate in the upcoming union budget 2025-26. They recommend simplifying the tax system, reducing litigat...
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Budget expected to focus on tax simplification, reduction in personal I-T: EY
Posted Date : 08-Jan-2025 , 05:14:47 pm | Posted By CASANSAAR
Budget should focus on tax simplification, reduction in personal I-T: EY
NEW DELHI: The Budget is expected to focus on boosting private capex, tax simplification and reduction in personal income tax, particularly for the lower-income groups, to stimulate demand, EY India said.
The Union Budget...
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Gems, jewellery Sector Urges Govt to Reduce GST to 1% in upcoming Budget
Posted Date : 07-Jan-2025 , 07:15:29 pm | Posted By CASANSAAR
Gems, jewellery Sector Urges Govt to Reduce GST to 1% in upcoming Budget
MUMBAI: The gems and jewellery sector has urged the government for a reduction in goods and services tax (GST) to 1 per cent on revenue equivalence ratio to ease the cost burden on the industry in the upcoming Budget.
...
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Pre-Budget Consultation meetings 2025-26 conclude in New Delhi, today
Posted Date : 07-Jan-2025 , 06:42:51 pm | Posted By CASANSAAR
Pre-Budget Consultation meetings 2025-26 conclude in New Delhi, today
The Pre-Budget consultations chaired by Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman for the forthcoming Union Budget 2025-26 concluded in New Delhi, today. The consultations were held o...
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Budget 2025 Proposals, Expectations on tax slabs, estimates for corporate tax, excise duty may be difficult
Posted Date : 07-Jan-2025 , 02:25:28 pm | Posted By CASANSAAR
Budget 2025 Proposals, Expectations on tax slabs, estimates for corporate tax, excise duty may be difficult
Union Budget Expectations LIVE: The Union Budget for 2025-26 will be presented by Finance Minister Nirmala Sitharaman on February 1, 2025. Budget announcements will gain importance as...
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FM Nirmala Sitharaman met financial-capital market stakeholders ahead of Budget 2025
Posted Date : 02-Jan-2025 , 07:39:54 pm | Posted By CASANSAAR
FM Nirmala Sitharaman met financial-capital market stakeholders ahead of Budget 2025
Budget 2025: Finance Minister Nirmala Sitharaman held her seventh pre-Budget consultation with financial sector and capital market stakeholders. Despite India's economy growing at 5.4% in Q2 of 2024-25, lower...
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Budget 2025-26: CII calls for cut in excise duty on fuel, consumption vouchers to stir demand
Posted Date : 30-Dec-2024 , 01:37:47 pm | Posted By CASANSAAR
Budget 2025-26: CII calls for cut in excise duty on fuel, consumption vouchers to stir demand
Union Budget: CII recommends lowering excise duty on fuel to boost consumption, reduce inflation, and increase disposable income in its pre-budget suggestions for 2025-26. The proposal includes reducing ...
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Budget 2025: Cut income tax rates! The clamour is getting Louder for a Reason
Posted Date : 27-Dec-2024 , 06:34:28 pm | Posted By CASANSAAR
Budget 2025: Cut income tax rates! The clamour is getting Louder for a Reason
Budget 2025 expectations: Finance Minister Nirmala Sitharaman is under pressure to reduce income tax rates for individuals earning up to Rs 15 lakh annually. This move aims to boost consumption and revive demand. Reduci...
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