Nitin Gadkari, the minister of roads, transport, and highways, wrote to Nirmala Sitharaman, the minister of finance, requesting the removal of the 18% Goods and Services Tax (GST) from life and health insurance premiums. According to Nitin Gadkari, the GST limits industry expansion and amounts to taxing life’s uncertainties. The 18% GST applies to both … Read more
N Sitharaman, Minister of Finance, unveiled the Union Budget for 2024–25. Stakeholders in the education sector are eager to see what portion of the GDP the government would set aside for the sector in the first budget of the Modi 3.0 government, given that the nation is moving toward digital literacy in accordance with the … Read more
For middle-class taxpayers, the standard deduction is still an essential but out-of-date tax break in the face of growing living expenses and inflation. According to Lokesh Shah and Gaurav Goyal of INDUSLAW, this set deduction, which has remained at ₹50,000 since 2018, does not take into account the current state of the economy and increases … Read more
Union Budget 2024: The Budget Session is planned to begin on July 22 and last until August 12. The Union Budget for 2024-25, the ‘Viksit Bharat Budget 2024,’ will be presented by Union Finance Minister Nirmala Sitharaman on July 23. This is the first annual budget in the NDA 3.0 regime. While the commencement of … Read more
On February 1, Union Finance Minister Nirmala Sitharaman will unveil the interim Union Budget 2024 for the upcoming fiscal year. This budget will have no big announcements and will serve as a placeholder until the results of the 2024 Lok Sabha elections are announced. The interim Budget 2024 will not feature any substantial policy changes, … Read more