Search Results for Tag : Budget

International Cases

Section 139(1)(c) of the Constitution imposes no obligation on the provincial executive to pass an interim budget, when it dissolves the council(24.12.2021)

The issue before the SCA was whether the administrator appointed in terms of Section 139(1)(c) of the Constitution had the power to approve the 2020/2.....

Tags : Annual budget, Power, Approval

Statute

Budget: It’s that time of 2016(22.02.2016)

The Parliament’s 2016 Budget Session may prove a misnomer yet what with 16 Bills waiting in the wings and another two to be introduced. Amongst the ne.....

Tags : Budget 2016, bills, pending, introduced

Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Bill, 2016(07.03.2016)

The Union Government introduced the Aadhaar (Targeted Delivery of.....

Tags : aadhaar number, bill, budget session

Houses of Parliament pass several Bills(14.03.2016)

The Lok Sabha and Rajya Sabha kept up frenetic legislative activity, passing several Bills in the ‘first half’ of the Budget session. Of note is the R.....

Tags : Budget session, 2016, parliament, legislation

Real estate bill passed, aadhaar number changes rejected(15.03.2016)

The Parliament kept up its newfound legislation fervour, approving the Real Estate (Regulation and Development) Bill, 2016, which aside from providing.....

Tags : Parliament, legislation, budget 2016, companies amemendment

Real estate bill passed, aadhaar number changes rejected(15.03.2016)

The Parliament kept up its newfound legislation fervour, approving the Real Estate (Regulation and Development) Bill, 2016, which aside from providing.....

Tags : Parliament, legislation, budget 2016, companies amendment

Top Story

Busy Budget: Snapshot of the 2016 proposals(29.02.2016)

The Central Government's Budget for 2016-2017 is out and has faced great scrutiny in the public spotlight. Being a large proposal, the devil is in the.....

Tags : budget, 2016-2017, employment, pension, welfare

Central Government’s Last Budget Showers Benefits To Tax Payers Aiming Upcoming Elections(01.02.2019)

The Finance Minister Shri Piyush Goyal presented an interim budget in Parliament on Friday and announced numbers of benefits to the people. Aimed at u.....

Tags : Budget, Benefit, Tax-payers

Union Finance Minister Presents First Budget of New Government(05.07.2019)

The Union Finance Minister, Nirmala Sitharaman has presented first budget after the formation of new Government. Nirmala Sitharaman is the second woma.....

Tags : Budget, Presentation, Highlights

Finance Minister presented Union Budget, 2022 in the Lok Sabha(01.02.2022)

The Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman tabled the Union Budget 2022-23 in Parliament. The Union Budget while co.....

Tags : Budget, Proposal, Taxpayers

Union Minister of Finance and Corporate Affairs presented the Union Budget 2023-24 providing major relief in the personal income tax(01.02.2023)

The Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman presented the Union Budget 2023-24 in Parliament. The Union Minister for F.....

Tags : Budget, Relief, Income Tax

Union Minister for Finance and Corporate Affairs presented the Interim Union Budget 2024-2025(01.02.2024)

The Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman presented the Interim Union Budget 2024-2025 in Parliament. The Governme.....

Tags : Budget, Announcement

Notifications & Circulars

Budget session 2016 from 23 February till 13 May(04.02.2016)

The Budget Session of the Parliament in 2016 will begin 23rd February and end on 13th May. The Sessions is expected to have a total of 31 sittings ove.....

Tags : Budget, session, 2016, parliament

Fiscal Responsibility and Budget Management (FRBM) Committee headed by Shri N.K. Singh presents its Report to the Union Finance Minister Shri Arun Jaitley(23.01.2017)

The Fiscal Responsibility and Budget Management (FRBM) Committee headed by Shri N.K. Singh, former Revenue and Expenditure Secretary and former Member.....

Tags : Budget Management, Committee, Report

Central Government Announces Budget for 2018-2019(01.02.2018)

The Central Government announced general budget for the year 2018-2019. On 1st February, 2018, the Finance Minister, Shri Arun Jaitley presented the B.....

Tags : Budget, Allocation, Announcement

Highlights of Union Budget 2020-21(01.02.2020)

Finance Minister Nirmala Sitharaman announced on 1st February, 2020-2021 cuts in personal income tax, extended tax benefits for affordable housing and.....

Tags : Union Budget, Highlights

Cabinet approves Scheme of Budgetary Support under GST Regime to the eligible units located in States of Jammu and Kashmir, Uttarakhand, Himachal Pradesh and North Eastern States including Sikkim(16.08.2017)

The Cabinet Committee on Economic Affairs chaired by the Prime Minister Shri Narendra Modi today has given its approval to the Scheme of providing Bud.....

Tags : Scheme, Approval, Budgetary Support, GST Regime

Fourth Pre-Budget Consultation Meeting for Union Budget 2018-19(06.12.2017)

The Union Minister of Finance and Corporate Affairs Shri Arun Jaitley today held consultations with the representatives from more than twenty Social S.....

Tags : Pre Budget, Consultation, Meeting

Budget to engage more through social media(22.02.2016)

The Finance Minister laid out the Economic Survey 2015-2016 in Parliament on 26 February 2016, while the General Budget 2016-2017 will be presented on.....

Tags : Budget 2016, social media, paper-saving

Budgetary support to Defence sector to remain government's priority(01.02.2018)

Ensuring adequate budgetary support to the Defence Sector will be the priority of the Government. Presenting the General Budget 2018-19 in Parliament .....

Tags : Budgetary support, Defence sector, Priority

Finance Minister holds Second Pre-Budget Consultation with the Representatives of Industry, Services and Trade Groups(11.06.2019)

The Union Minister of Finance & Corporate Affairs, Smt. Nirmala Sitharaman, started her Pre-Budget Consultations with different stakeholder Groups in .....

Tags : Pre-Budget, Consultation, Representatives, Industry

Import duty on copper scrap reduced from 5% to 2.5%, announced in Union Budget 2021-22(03.02.2021)

Reduction of import duty on copper scrap from 5% to 2.5% announced in Union Budget 2021-22 to boost recycling of copper in the country. This will have.....

Tags : Import duty, Copper scrap, Union Budget

'Angel Tax' Abolished for all Classes of Investors(23.07.2024)

The Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman proposed to abolish 'angel tax' for all classes of investors, while pres.....

Tags : Union Budget, Angel Tax, Investors

Procedure for manual disbursal of budgetary support under GST Regime to the units located in States of J & K , Uttarakhand, Himachal Pradesh and North East including Sikkim(27.11.2017)

As you are aware, under the Central Excise regime as its existed prior to 01.07.2017, the units located in the states of Jammu & Kashmir, Uttarakhand,.....

Tags : GST Regime, Budgetary Support

FM holds Pre-Budget Consultation with representatives from Water and Sanitation sectors(23.12.2019)

Union Minister of Finance & Corporate Affairs Smt. Nirmala Sitharaman held her 9th Pre-Budget Consultation meeting with the leading representatives fr.....

Tags : Pre-Budget, Consultation, Water, Sanitation sectors

Finance Minister Smt Nirmala Sitharaman holds pre-budget consultation with Finance Ministers of States/Union Territories (with Legislature) for Budget 2021-22(18.01.2021)

The Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman held the pre-budget consultations with the Finance Ministers of States and .....

Tags : Pre-budget, Consultation, Finance Ministers

Finance Minister holds pre-budget consultation with the representatives of industry, services and trade groups(17.12.2019)

Union Minister of Finance & Corporate Affairs, Smt. Nirmala Sitharaman, held third Pre-Budget Consultations with stakeholder Groups from Industry, Tra.....

Tags : Pre-Budget, Consultation, Representatives, Industry

Budget 2021-22 augments capital of SECI and IREDA to promote development of RE sector(09.02.2021)

Finance Minister Smt. Nirmala Sitharaman in her budget speech 2021-22 announced capital Augmentation of Solar Energy Corporation of India Limited (SEC.....

Tags : Budget, Development, RE sector

RBI seeks Comments/Feedback on Report of the Working Group on the Implementation of Indian Accounting (20.10.2015)

Reserve Bank of India has released the Report of the Working Group on the Implementation of Indian Accounting Standards by Banks in India. The Report .....

Tags : Rbi, international reporting, accounting, india, standards, budget

News

Union Budget 2017-18: Key Updates(01.02.2017)

#No cash transactions above Rs 3 lakh. #MSMEs with 50 crore turnover will get a 5% reduction in corporate income tax. #Cash donations to political p.....

Tags : Budget 2017-18, Union Budget, Rail Budget, Arun Jaitley, Finance Minister

Union Budget 2017-18: Key Updates(01.02.2017)

#Income Tax rate for annual income between Rs 2.5 lakh to 5 lakh reduced to 5% from 10%. #Zero tax liability for people with annual income of Rs 3 la.....

Tags : Budget 2017-18, Union Budget, Rail Budget, Arun Jaitley, Finance Minister

Union Budget 2017-18: Key Updates(01.02.2017)

#Surcharge of 10% on individuals earning between Rs 50 lakh to Rs 1 crore. #Foreign investors will not have to pay tax after cashing out of offshore .....

Tags : Budget 2017-18, Union Budget, Rail Budget, Arun Jaitley, Finance Minister

Union Budget 2017-18: Key Updates(01.02.2017)

#India abolishes Foreign Investment Promotion Board (FIPB), the body which approves all inbound FDI investment proposals. #Payment regulatory board t.....

Tags : Budget 2017-18, Union Budget, Rail Budget, Arun Jaitley, Finance Minister

Govt Proposes 5% TDS on House Rent Payable to Residents by Individuals / HUFs(02.02.2017)

Government has proposed 5% TDS on House Rent Payable exceeding fifty thousand rupees for a month or part of month during previous year to Resident by .....

Tags : Budget 2017-18, Union Budget, Rail Budget, Arun Jaitley, Finance Minister

Govt Proposes to Change Base Year For Computing Capital Gains to 2001 From 1981(02.02.2017)

Government has proposed that cost of acquisition of an asset acquired before 01.04.2001 shall be allowed to be taken as fair market value as on 01.04......

Tags : Budget 2017-18, Union Budget, Rail Budget, Arun Jaitley, Finance Minister

Govt Proposes To Increase Threshold Limits For Maintenance Of Books Of Account(02.02.2017)

Government has proposed to increase threshold limits for maintenance of books of account in case of individuals and Hindu Undivided Family of income a.....

Tags : Budget 2017-18, Union Budget, Rail Budget, Arun Jaitley, Finance Minister

Union Railways Minister Presents Railway Budget in Parliament(25.02.2016)

Union Railways Minister Suresh Prabhu has presented his second Railway Budget in Parliament.

Tags : Union Railways Minister , Railway Budget

Finance Minister Unveils the Union Budget 2016-17(29.02.2016)

Finance Minister Arun Jaitley announced his third Union Budget. With a motive to support the small tax-payer and the small investor, the Minister anno.....

Tags : Union Budget 2016-17, Arun Jaitley

Budget Effects on Professionals(01.03.2016)

In a major relief for professionals and freelancers earning less than Rs 50 lakh per annum, Finance Minister Arun Jaitley has brought them under ambit.....

Tags : Budget, Professionals

Budget Brings Big Change in Pensions(01.03.2016)

NPS has now been made partially tax exempt, and EPF and superannuation funds, which were tax-free on maturity, are now partially taxable.

Tags : Budget , Pensions

Budget: Incentives for Start-Ups, Tax-Neutral Treatment for LLPs, Low Corporate Tax for Manufactures(01.03.2016)

For start-ups, 100 % deduction of profits for 3 out of 5 years will be allowed for units set up over April 2016-March 2019. But, MAT will apply. Tax-n.....

Tags : Budget, start-ups, LLPs, new manufacturers

Economic Survey: GDP Expected to Grow at 7-7.5% in 2019(29.01.2018)

Economic Survey 2018 tabled by Finance Minister Arun Jaitley in Parliament expects India’s GDP growth in 2019 to be between 7 and 7.5%, against 6.5% i.....

Tags : Economic Survey, Budget

Economic Survey: 50% Increase in Indirect Taxpayers Post GST(29.01.2018)

The Economic Survey 2018 tabled by Finance Minister Arun Jaitley in Parliament points to a 50% increase in the number of indirect taxpayers after the .....

Tags : Economic Survey, Budget

Budget 2018: FM to Present Modi Govt's Last Full-Year Budget(01.02.2018)

Union Finance Minister Arun Jaitley will present the Union Budget for 2018-19 today. The first phase of the Parliament Budget session began on January.....

Tags : Manupatra, Budget, Union Budget, Budget 2018, Modi Government, Arun Jaitley

Budget 2018: Government Launches "National Healthcare Scheme"(01.02.2018)

Government has launched a flagship healthcare scheme to cover 10 crore poor families with benefit of Rs 5 lakh per family, per year.

Tags : Manupatra, Budget, Union Budget, Budget 2018, Modi Government, Arun Jaitley

Budget 2018: Govt to Contribute 12% of EPF Contribution for New Employees in All Sectors(01.02.2018)

Government will now contribute 12 per cent of employee provident fund (EPF) to the new employees in all sections. The Employees Provident Fund Act wil.....

Tags : Manupatra, Budget, Union Budget, Budget 2018, Modi Government, Arun Jaitley

Budget 2018: Emoluments of President, Vice-President and Governors Will be Revised(01.02.2018)

The President’s salary will go up to Rs 5 lakh a month, the Vice-President’s salary will rise to Rs 4 lakh per month and the Governor’s pay will rise .....

Tags : Manupatra, Budget, Union Budget, Budget 2018, Modi Government, Arun Jaitley

Budget 2018: FM Projects Fiscal Deficit of 3.3% of GDP(01.02.2018)

Finance Minister Arun Jaitley has vowed to keep fiscal deficit at 3.3%.

Tags : Manupatra, Budget, Union Budget, Budget 2018, Modi Government, Arun Jaitley

Budget 2018: No Change in Income Tax Slabs(01.02.2018)

Finance Minister has said that there will be no Change in Income Tax Slabs.

Tags : Manupatra, Budget, Union Budget, Budget 2018, Modi Government, Arun Jaitley

Budget 2018: Corporate Income Tax Rate Cut to 25% for Companies with Turnover of Upto Rs 250 crore(01.02.2018)

Government has proposed to cut the corporate income tax rate to 25 percent for companies with a turnover of upto Rs 250 crore.

Tags : Manupatra, Budget, Union Budget, Budget 2018, Modi Government, Arun Jaitley

Budget 2018: Govt. Proposes to Tax Long Term Capital Gains Exceeding Rs 1 lakh(01.02.2018)

Government has proposed to tax long term capital gains exceeding Rs 1 lakh at 10 per cent without indexation.

Tags : Manupatra, Budget, Union Budget, Budget 2018, Modi Government, Arun Jaitley

Supreme Court Dismisses Plea to Delay Annual Budget(23.01.2017)

Supreme Court has rejected plea seeking postponement of Union Budget presentation ahead of upcoming assembly polls in five States.

Tags : Supreme Court, Union Budget, Elections

#Budget2019: Government Announces PM Kisaan Samman Nidhi Yojana for Small Farmers(01.02.2019)

Government has announced that under kissan Samman Nidhi Yojana scheme farmers who have up to two hectares of land, direct income support of Rs. 6,000/.....

Tags : Budget 2019, #Budget2019, kissan Nidhi Yojana

#Budget2019: 2% Interest Subvention to Farmers Pursuing Animal Husbandry and Fisheries(01.02.2019)

Government has announced 2% interest subvention to farmers pursuing animal husbandry and fisheries and all farmers severely affected by severe natural.....

Tags : #Budget2019, Budget 2019, Farmers Pursuing Animal Husbandry and Fisheries

#Budget2019: Govenment Announces Pension Scheme for Workers in Unorganised Sector(01.02.2019)

Government has announced a pension scheme called Pradhan Mantri Shram Yogi Mandhan, to provide assured monthly pension of Rs. 3000/- per month, with t.....

Tags : #Budget2019, Budget 2019, Pradhan Mantri Shram Yogi Mandhan

#Budget2019: Full Tax Rebate for Those Earning Up to Rs. 5 Lakh(01.02.2019)

Finance Minister has announced that individual taxpayers with annual income up to Rs.5 lakh will get full tax rebate.

Tags : #Budget2019, Budget 2019, Full Tax Rebate for Those Earning Up to Rs. 5 Lakh

#Budget2019: Government Increases Gratuity Limit to Rs. 30 Lakh(01.02.2019)

Union Finance Minister Piyush Goyal has announced increase in gratuity limit from Rs. 10 lakh to Rs. 30 lakh.

Tags : #Budget2019, Budget 2019, Full Tax Rebate for Those Earning Up to Rs. 5 Lakh

#Budget2019: Government Raises TDS Threshold on Interest on Deposits(01.02.2019)

Union Finance Minister Piyush Goyal has announced increase in TDS threshold on interest on post office and bank deposits from Rs. 10,000/- to Rs. 40,0.....

Tags : #Budget2019, Budget 2019, Government Raises TDS Threshold on Interest on Deposits

Govt Notifies Finance Act 2018(31.03.2018)

Ministry of Finance has notified the Finance Act, 2018 applicable with effect from 1st April 2018.

Tags : Budget 2018, Finance Act

Finance Minister Unveils the Union Budget 2020-2021(01.02.2020)

Finance Minister Nirmala Sitharaman has tabled the Union Budget 2020 in the Lok Sabha. She has said in her budget speech that the budget is aimed at b.....

Tags : Finance Minister, Union Budget 2020-2021

Union Budget 2020-201: Govt Committed to Double Farmers’ Income by 2022(01.02.2020)

Finance Minister noted while presenting the Union Budget 2020-2021 that the Central Government is committed to doubling farmers’ income by 2022 and wi.....

Tags : Union Budget 2020-2021, Farmers' Income

Union Budget 2020-2021: Govt to Use Proceeds from Taxing Medical Devices for Setting up Hospitals(01.02.2020)

Finance Minister Nirmala Sitharaman allocated Rs 69,000 crore, inclusive of Rs 6,400 crore for Jan Arogya Yojana, to healthcare in Budget 2020. This m.....

Tags : Union Budget 2020-2021, Hospitals

Union Budget 2020-2021:Single Investment Clearance Window to be Set Up for Promoting Entrepreneurship(01.02.2020)

Government will create a single investment cell to expedite grant of licences and promote entrepreneurship.

Tags : Union Budget 2020-2021, Single Investment

#Union Budget 2020-2021: Deposit Insurance Cover Increased to Rs 5 Lakh(01.02.2020)

Finance Minister noted that the depositors money in schedule commercial banks absolutely safe. Insurance cover on deposists by DICGC to be hiked to Rs.....

Tags : Union Budget 2020-2021, Insurance Cover

#Union Budget 2020-2021: Corporate Tax Reduced for Existing Companies(01.02.2020)

Finance Minister stated that the Corporate tax for existing companies has been slashed to 22%.

Tags : Union Budget 2020-2021, Corporate Tax

#Union Budget 2020-2021: Simplied Personal Income Tax Regime Introduced(01.02.2020)

Central Government has introduced a new simplified personal income tax regime. The same is as follows (i)Individual to pay tax 10% for income Rs. 5 to.....

Tags : Union Budget, Personal Income Tax Regime

#Union Budget 2021-2022: Finance Minister Announces Aatmanirbhar Health Yojana(01.02.2021)

Finance Minister has announced Aatmanirbhar Health Yojana with an outlay of Rs. 64,180 Crores over 6 years to strengthen the National Centre for Disea.....

Tags : Finance Minister, Union Budget, Aatmanirbhar Health Yojana

#Union Budget 2021-2022: Finance Minister Announces Allocations to Health and Wellness Sector(01.02.2021)

Finance Minister has announced Rs. 2,83,846 Lakh Crore for health and wellness sector which also includes Rs. 35,000 Crore for Covid-19 vaccines.

Tags : Finance Minister, Union Budget, Health and Wellness Sector

#Union Budget 2021-2022: Finance Minister Announces PLI Scheme for 13 Sectors(01.02.2021)

Finance Minister has announced a PLI scheme for 13 sectors. The Government has committed Rs 1.97 lakh crore over the next 5 years. In addition to earl.....

Tags : Finance Minister, Union Budget, PLI Scheme

#Union Budget 2021-2022: Finance Minister Proposes Launch of National Monetising Pipeline(01.02.2021)

Finance Minister has proposed to launch a national monetising pipeline and a dashboard to overlook the progress, stating that monetising operating pub.....

Tags : Finance Minister, Union Budget, National Monetising Pipeline

#Union Budget 2021-2022: National Railway Plan Created for Future Ready Railway System(01.02.2021)

National Rail Plan has been created to bring a future ready Railway system by 2030. Finance Minister has said that the dedicated Eastern and Western F.....

Tags : Finance Minister, Union Budget, National Railway Plan

#Union Budget 2021-2022: MetroLite and MetroNeo to be Introduced in Tier 2 Cities(01.02.2021)

Finance Minister has proposed to introduce MetroLite and MetroNeo in Tier 2 cities and peripheral areas of Tier 1 cities with additional allocation fo.....

Tags : Finance Minister, Union Budget, MetroLite and MetroNeo

#Union Budget 2021-2022: Union Govt to Create Framework to Tackle Monopoly of Power Distribution(01.02.2021)

Union Government proposes to create a framework to allow consumers of electricity alternatives to choose from more than one Distribution Company, in a.....

Tags : Union Government, Union Budget, Monopoly of Power Distribution

#Union Budget 2021-2022: Finance Minister Proposes Unified Securities Market Code(01.02.2021)

Finance Minister proposes to consolidate the provisions of the Securities and Exchange Board of India Act, 1992, Depositories Act, 1996 and two other .....

Tags : Finance Minister, Union Budget, Unified Securities Market Code

#Union Budget 2021-2022: Finance Minister Proposes to Introduce Investor Charter(01.02.2021)

Finance Minister proposes to introduce an investor charter as a right for all investors in all financial products and to amend the Insurance Act, 1938.....

Tags : Finance Minister, Union Budget, Investor Charter

#Union Budget 2021-2022: Union Govt Approves Extension of Cover for Deposit Insurance(01.02.2021)

Union Government has approved an increase in the cover for deposit insurance from Rs 1 lakh to Rs 5 lakh for bank depositors, to help depositors in ba.....

Tags : Union Government, Union Budget, Deposit Insurance

#Union Budget 2021-2022: Proposals for Agriculture and Rural Development(01.02.2021)

Finance Minister has said that agriculture infrastructure fund will be available for APMCs for augmenting their infrastructure. Further, 1,000 more Ma.....

Tags : Finance Minister, Union Budget, Agriculture and Rural Development

#Union Budget 2021-2022: Union Government Launches One Nation, One Ration Card Scheme(01.02.2021)

Union Government has launched the One Nation, One Ration card to help migrant workers. Further, launch of a portal to maintain information on gig work.....

Tags : Union Government, Union Budget, One Nation, One Ration Card

#Union Budget 2022-2023:Overview of Changes in Custom Duties and Regime(01.02.2022)

Union Budget proposes to apply a moderate customs tariff of 7.5%.Custom duty on cut and polished diamond reduced to 5%.Custom duty on imitation jewell.....

Tags : Union Budget, Custom Duties

#Union Budget 2022-2023: Overview of Changes in the Direct Tax Regime(01.02.2022)

Union Budget proposes to cap surcharge of AOPs at 15%. Long term capital gains on listed equity share units liable to surcharge of 15%. Further, the F.....

Tags : Union Budget, Direct Tax Regime

#Union Budget 2022-2023: Scheme for Taxation of Virtual Digital Assets(01.02.2022)

Union Budget proposes that for taxation of Virtual Digital Asset (VDA), any income from transfer of VDA shall be taxed at rate of 30% without any dedu.....

Tags : Union Budget, Taxation of Virtual Digital Assets

#Union Budget 2022-2023: Incentives for Start Ups(01.02.2022)

Union Budget proposes to extend period of corporation by 1 more year for providing tax incentives.

Tags : Union Budget, Startups

#Union Budget 2022-2023: FM Allows Parents to Take Insurance from Children with Disability(01.02.2022)

Finance Minister has stated that the parents or guardian can take insurance from their children with disabilities. The payment of annuity or lump sum .....

Tags : Union Budget, Finance Minister, Insurance from Children with Disabilities

#Union Budget 2022-2023: Union Budget Reduces Alternate Minimum Tax for Cooperative Societies(01.02.2022)

Union Budget reduces alternate minimum tax for Cooperative societies to 15% . Surcharge has also been reduced to 7% for those cooperative having incom.....

Tags : Union Budget, Reduction in Alternate Minimum Tax for Cooperative Societies

#Union Budget 2022-2023: Finance Minister Proposes New Provision to File Updated Return(01.02.2022)

Finance Minister has proposed a new provision to file an updated return on payment of additional tax which can be filed within 2 years. This will enab.....

Tags : Union Budget, Finance Minister, Updated Return

#Union Budget 2022-2023: Financial Assistance to States for Capital investment(01.02.2022)

Under the scheme for Financial Assistance to States for Capital investment, for 2022-23, the allocation is 1 lakh crore to assist States. This will be.....

Tags : Union Budget, Financial Assistance to States

#Union Budget 2022-2023: Finance Minister Informs on Central Bank Digital Currency(01.02.2022)

Finance Minister has stated that the introduction of a central bank digital currency will give boost to digital economy leading to cheaper currency ma.....

Tags : Union Budget, Finance Minister, Central Bank Digital Currency

#Union Budget 2022-2023:Outlay for Capital Expenditure(01.02.2022)

Union Budget has stepped up the outlay for capital expenditure by 35.4% to 7.50 lakh crores in 2022-23. This outlay will be 2.95 of the GDP. Further,.....

Tags : Union Budget, Capital Expenditure

#Union Budget 2022-2023: Overview of Domestic Procurement and Development in Defence Sector(01.02.2022)

Union Budget earmarks 68% capital procurement budget for domestic procurement. Defence R&D will be opened up for start ups, private industry and acade.....

Tags : Union Budget, Domestic Procurement, Development in Defence Sector

#Union Budget 2022-2023: Telecommunication Development in Rural Areas(01.02.2022)

Finance Minister has stated that 5% annual collection of service obligation fund will be allocated for rural telecom and broadband development. Contra.....

Tags : Union Budget, Finance Minister, Telecommunication Development

#Union Budget 2022-2023: Acceleration of Corporate Exit and Launch of E-Bill System(01.02.2022)

Finance Minister has said that accelerated corporate exit will be facilitated by reducing it from 2 years to 6 months. E-bill system will be launched .....

Tags : Union Budget, Finance Minister, Corporate Exit, E-Bill System

#Union Budget 2022-2023: Finance Minster Introduces Battery-Swapping Policy(01.02.2022)

Finance Minister proposes to formulate battery swapping policy and inter operability standards to improve efficiency for Electric Vehicle.

Tags : Union Budget, Finance Minister, Battery-Swapping Policy

#Union Budget 2022-2023: Finance Minister Informs on Expansion of Parivesh for Green Clearances(01.02.2022)

Finance Minister informs on expansion of scope of Parivesh - single window portal for all green clearances. e-Passports to be rolled out in 2022-23 wi.....

Tags : Union Budget, Finance Minister, Expansion of Parivesh for Green Clearances

#Union Budget 2022-2023: Post Office to Come Under Core Banking Systems(01.02.2022)

Finance Minister has said that 100% of 1.5 lakh Post Offices will come on Core banking systems to help farmers and senior citizens in rural areas. Go.....

Tags : Union Budget, Finance Minister, Core Banking Systems

#Union Budget 2022-2023: Finance Minister Informs on Plans Under Aspirational Districts Programme(01.02.2022)

Finance Minister has stated that in 2022-23 Aspirational districts programme will focus on lagging blocks. Vibrant villages programme for border villa.....

Tags : Union Budget, Finance Minister, Aspirational Districts Programme

#Union Budget 2022-2023: Launch of PM Development Initiative Scheme for North East(01.02.2022)

Finance Minister has informed on launch of PM Development Initiative Scheme for North East to fund infrastructure in spirit of PM Gati Shakti. This wi.....

Tags : Union Budget, Finance Minister, PM Development Initiative Scheme for North East

#Union Budget 2022-2023: Development of Anganwadis(01.02.2022)

Finance Minister has introduced Saksham Anganwadis as new generation anganwadis powered by clean energy, stating that 2 lakh anganwadis will be upgrad.....

Tags : Union Budget, Finance Minister, Anganwadis

#Union Budget 2022-2023: Launch of National Mental Health Tele-programme(01.02.2022)

Finance Minister has informed on launch of National Mental Health Tele-programme with NIMHANS being Nodal centre, highlighting the accentuated mental .....

Tags : Union Budget, Finance Minister, National Mental Health Tele-programme

#Union Budget 2022-2023: Launch of Digital University(01.02.2022)

Finance Minister has said that a digital university will be established for world- class education, in different languages, based on networked hub mod.....

Tags : Union Budget, Finance Minister, Digital University

#Union Budget 2022-2023: Launch of New Portal for Skilling; Expansion of One Class, One TV Channel(01.02.2022)

Finance Minister has said that a new portal will be launched for skilling. One Class, One TV channel, will be expanded from 12 to 200 TV Channels to h.....

Tags : Union Budget, Finance Minister, New Portal for Skilling, One Class, One TV Channel

#Union Budget 2022-2023: Finance Minister Informs on Finalization of Draft DPR for River Links(01.02.2022)

Finance Minister has informed that Draft DPR for 5 river links have been finalised, whereby the Centre will provide support for their implementations......

Tags : Union Budget, Finance Minister, Finalization of Draft DPR for River Links

#Union Budget 2022-2023: Overview and Inclusive Development of Agricultural Sector(01.02.2022)

Finance Minister has announced support for post-harvest value addition for millet products, as 2022 will be Year of Millet. Procurement of Wheat and R.....

Tags : Union Budget, Finance Minister, Inclusive Development of Agricultural Sector

Union Budget 2019: Union Finance Minister Nirmala Sitharaman Presents First Budget of New Government(05.07.2019)

The Union Finance Minister Nirmala Sitharaman has presented her first budget and the second woman after Indira Gandhi on behanlf of the new Government.....

Tags : Union Budget 2019, Finance Minister

Union Budget, 2019: Special Additional Excise Duty of Rs 1/Litre on Petrol & Diesel(05.07.2019)

Union Finance Minister Nirmala Sitharaman has levied a special excise duty of Rs 1/Litre on petrol and diesel.

Tags : Union Budget 2019, Excise Duty

Union Budget, 2019 – Income Tax Rate Increases(05.07.2019)

Union Finance Minister Nirmala Sitharaman has increased the income tax rate to 3 % for those earning Rs 2 to 5 crore and to 7 % for those above Rs 5 c.....

Tags : Union Budget 2019, Income Tax Rate

Union Budget, 2019: No Change in Income Tax Slabs(05.07.2019)

Union Finance Minister Nirmala Sitharaman has informed there is no change in the income tax slabs being followed currently.

Tags : Union Budget 2019, Income Tax

Union Budget, 2019: Cos Having Turnover of Less Than Rs 5 Cr Will Have to File GST Quarterly Returns(05.07.2019)

Union Finance Minister Nirmala Sitharaman has informed that companies having turnover of less than Rs 5 crores will have to file GST Quarterly Returns.....

Tags : Union Budget 2019, GST

Union Budget, 2019 - Levy of TDS(05.07.2019)

Union Finance Minister Nirmala Sitharaman has informed that TDS will be levied on over Rs 1 crore bank withdrawal meant to discourage cash transaction.....

Tags : Union Budget 2019, TDS

Union Budget, 2019 – AADHAAR and PAN to be Used Interchangeably(05.07.2019)

Union Finance Minister Nirmala Sitharaman has informed that now AADHAAR and PAN can be used interchangeably.

Tags : Union Budget 2019, AADHAAR, PAN

JKL HC: Benefit Under Budgetary Support Scheme is Not a 'Right' But Only a Concession(28.06.2023)

Jammu and Kashmir and Ladakh High Court while observing that benefit provided under the Budgetary Support Scheme is not a 'right' but only a concessio.....

Tags : Jammu and Kashmir and Ladakh High Court, Budgetary Support Scheme, Concession

SC Accepts Delhi Govt. Statement to Make budgetary provisions to Contributions Towards RRTS Project(26.07.2023)

Supreme Court while noting that if INR 1100 crores can be spent for advertisement in the last 3 financial years, contributions can be made to infrastr.....

Tags : Supreme Court, RRTS Project, Budget

Supreme Court Quashes Plea For 'Urgent Hearing' of Petition to Defer Budget Presentation(06.01.2017)

Supreme Court has refused an urgent hearing on a plea seeking postponement of presentation of Union Budget due to assembly elections in five States.

Tags : Supreme Court , Union Budget, assembly elections

Budget 2018: Govt. Proposes to Increase Custom Duty on Mobile Phones(01.02.2018)

Government has proposed to increase custom duty on mobile phones from 15% to 20%.

Tags : Manupatra, Budget, Union Budget, Budget 2018, Modi Government, Arun Jaitley

Budget 2018: Govt. Proposes to Increase Health and Education Cess(01.02.2018)

Government has proposed to increase health and education cess to 4 per cent.

Tags : Manupatra, Budget, Union Budget, Budget 2018, Modi Government, Arun Jaitley

Budget 2018: Govt. Proposes Exemption in Income of Rs 10,000 from Banks FD for Senior Citizens(01.02.2018)

Government has proposed to increase exemption of income from interest on bank deposits to Rs 50,000 for senior citizens.

Tags : Manupatra, Budget, Union Budget, Budget 2018, Modi Government, Arun Jaitley

Budget 2018: Govt. Proposes to Introduce Tax on Distributed Income by Mutual Funds(01.02.2018)

Government has proposed to introduce tax on distributed income by equity oriented mutual funds at 10 per cent.

Tags : Manupatra, Budget, Union Budget, Budget 2018, Modi Government, Arun Jaitley

Budget 2018: Govt. Proposes Standard Deduction of Rs. 40,000 for Salaried Employees(01.02.2018)

Government has proposed standard deduction of Rs 40,000 for salaried employees in lieu of transport and medical expenses.

Tags : Manupatra, Budget, Union Budget, Budget 2018, Modi Government, Arun Jaitley

Budget 2018: Govt. Proposes to Increase Health and Education Cess(01.02.2018)

Government has proposed to increase the health and education cess to 4%.

Tags : Manupatra, Budget, Union Budget, Budget 2018, Modi Government, Arun Jaitley

Lok Sabha Passes Finance Bill, 2019(12.02.2019)

Lok Sabha has passed Interim Budget for financial year 2019-20.

Tags : Lok Sabha, Interim Budget

Lok Sabha Passes Interim Budget(12.02.2019)

Lok Sabha has passed Interim Budget for financial year 2019-20.

Tags : Lok Sabha, Interim Budget

Delhi HC Enquires Over Budget Approval for Hybrid Hearings Without Involvement of Experts(22.10.2021)

Delhi High Court has questioned as to how the revised estimate of over Rs. 79 crores was approved by the Delhi Government for providing infrastructure.....

Tags : Delhi High Court, Budget Approval for Hybrid Hearings

Supreme Court: 'No Law to Bar Centre From Advancing Union Budget'(13.01.2017)

Supreme Court, while asking for legal provisions in support of plea seeking postponement of Budget presentation due to Assembly Elections in five Stat.....

Tags : Supreme Court, Annual Budget, 2017-18, Assembly Elections

SC to States: Give Details of Funds Disbursed for Judiciary from 2017-2022(27.07.2022)

Supreme Court while expressing concerns at the lack of proper judicial infrastructure in many States, has directed the Law Secretaries of all State Go.....

Tags : Supreme Court, Judicial Infrastructure, Budget Allocation

#Union Budget 2021-2022: Union Government Proposes Setting Up of Schools in Tribal Areas(01.02.2021)

Union Government has proposed setting up of 100 Sainik Schools and 750 Eklavya schools in tribal areas. A Central University will come up in Ladakh. F.....

Tags : Union Government, Union Budget, Setting of Schools

#Union Budget 2021-2022: Union Government Proposes to Ease Compliance Burden for Filing ITR(01.02.2021)

Union Government has proposed to reduce compliance burden on people above 75 years, who get pension and earn interest from deposits, from filing of In.....

Tags : Union Government, Union Budget, Compliance Burden

#Union Budget 2021-2022: Late Deposit of Contributions Not Allowed as Deductions to Employers(01.02.2021)

Finance Minister has reiterated that late deposit of contributions will not be allowed as deductions to employers, taking notice that some employers d.....

Tags : Finance Minister, Union Budget, Provident Fund Deductions

#Union Budget 2021-2022: Finance Minister Proposes Revised Customs Duty Structure(01.02.2021)

Finance Minister has proposed to review over 400 old exemptions through extensive consultations for a revised customs duty structure free of distortio.....

Tags : Finance Minister, Union Budget, Revised Customs Duty Structure

#Union Budget 2021-2022: Union Govt Proposes Agriculture Infrastructure and Development Cess(01.02.2021)

Union Government has proposed Agriculture Infrastructure and Development Cess (AIDC) on petrol and diesel at the rate of Rs.2.5/litre on petrol and Rs.....

Tags : Union Government, Union Budget, Agriculture Infrastructure and Development Cess

Govt Proposes To Make Conversion Of Preference Shares To Equity Shares Tax Neutral(02.02.2017)

Government has proposed to provide tax neutrality to conversion of preference shares of a company into equity shares of that company by excluding such.....

Tags : Budget 2017-18, Union Budget, Rail Budget, Arun Jaitley, Finance Minister

Govt Proposes to Exemption Of Long Term Capital Gains Tax Only If STT Is Chargeable(02.02.2017)

Government has proposed to provide tax exemption on income arising from transfer of long capital asset acquired on or after 01/10/2004, only if acquis.....

Tags : Budget 2017-18, Union Budget, Rail Budget, Arun Jaitley, Finance Minister

Delhi HC Directs Centre to State Details of Budget for Health in Past 5 Years(08.03.2021)

Delhi High Court has directed the Centre to state on affidavit its budget for health in the last 5 years in a petition for children suffering from rar.....

Tags : Delhi High Court, Details of Budget for Health

#Union Budget 2020-2021: New Power Generation Companies to be Taxed at 15%(01.02.2020)

Central Government with an aim to boost power generation capacity, has extended the new corporate tax regime for new manufacturing plants to new power.....

Tags : Union Budget 2020-2021, Power Generation Companies

#Union Budget 2020-2021: Tax on Co-Operative Societies Reduced(01.02.2020)

Central Government has reduced the Tax on Co-operative societies to 22% plus surcharge, as against current 30%.

Tags : Union Budget 2020-2021, Co-operative Societies

#Union Budget 2020-2021: Additional Rs 1.5 Lakh Tax Benefit on Affordable Housing Loans Introduced(01.02.2020)

Central Government has extended additional Rs 1.5 lakh tax benefit on interest paid on affordable housing loans to March 2021.

Tags : Union Budget 2020-2021, Housing Loan

Budget 2021: West Bengal Government Waives Road Tax on Every Passenger Transport Vehicles(11.02.2021)

Government of West Bengal has waived the road tax on all passenger transport vehicles from January 31, 2021 to June 30, 2021 for two quarters.

Tags : Budget 2021, West Bengal Government

#Union Budget 2023-2024(01.02.2023)

Income limit for rebate of income tax increased from Rs. 5 lakh to Rs. 7 Lakh in the new regime. Highest surcharge rate on income above Rs. 5 crore t.....

Tags : Budget 2023-2024

#Union Budget 2023-2024(01.02.2023)

Extending benefits of standard deduction to new tax regime for salaried class and pensioners. Increasing tax exemption limit to Rs. 25 lakh on leave .....

Tags : Budget 2023-2024

#Union Budget 2023-2024(01.02.2023)

Make AI in India: Three specialized AI centres to be set up in Educational Institutes. National Data Governance Policy to be introduced. Phase 3 of .....

Tags : Budget 2023-2024

#Union Budget 2023-2024(01.02.2023)

Vivad se Vishwas I: Less stringent contract execution for MSMEs. Vivad se Vishwas II: Easier and standardized settlement scheme.

Tags : Budget 2023-2024

#Union Budget 2023-2024(01.02.2023)

Entity Digi Locker to be set up for use by business enterprises and charitable trusts. Setting up of National Financial Information Registry. Settin.....

Tags : Budget 2023-2024

#Union Budget 2022-2023: Aim for Ecologically Sustainable Roads in Hilly Areas(01.02.2022)

Finance Minister has highlighted that in regards to plans of development of ecologically sustainable roads in hilly areas, the Government aims to prov.....

Tags : Union Budget, Finance Minister, Ecologically Sustainable Roads in Hilly Areas

#Union Budget 2022-2023: Overview of PM Gati Shakti(01.02.2022)

PM Gati Shakti has 7 engines and would include infrastructure development by States. National Highways network to be expanded by 25,000 kms in 2022-23.....

Tags : Union Budget, PM Gati Shakti

#Union Budget 2022-2023: Finance Minister Highlights 4 Priorities for Government(01.02.2022)

Finance Minister has highlighted the 4 priorities of the Government in the present budget as: PM Gati Shakti; Inclusive Development; Energy transition.....

Tags : Union Budget, Finance Minister, Priorities for Budget

SC Criticizes Punjab CM and Governor Over Delay in Summoning of Budget Session(01.03.2023)

Supreme Court while criticizing both Chief Minister of Punjab and Governor for the dereliction stating that constitutional dialogue between functionar.....

Tags : Supreme Court, Chief Minister, Governor, Budget Session

SC: Govt. is not Bound by Budget Speeches(26.07.2016)

SC has held that Budget speeches by the Union Finance Minister are not enactments by Parliament and a Government cannot be bound under law by them.

Tags : SC , Union Finance Minister , Govt., Budget Speeches

Government Passes Uttarakhand Budget Bill in Lok Sabha(10.05.2016)

Uttarakhand Budget and Appropriation Bill has been passed in the Lok Sabha, justifying the move on the grounds that it was a "constitutional necessity.....

Tags : Uttarakhand Budget and Appropriation Bill

Bombay HC Allows Budget Approval for Universities Before Polls(01.04.2019)

Bombay High Court has allowed all state universities to get their annual budgets approved before upcoming Lok Sabha election from the Maharashtra Gove.....

Tags : Bombay High Court, Universities Budget

Bombay HC Allows Budget Approval for Universities Before Polls(01.04.2019)

Bombay High Court has allowed all state universities to get their annual budgets approved before upcoming Lok Sabha election from Maharashtra Governme.....

Tags : Bombay High Court, Universities Budget

Telangana HC Issues Notice in Plea Challenging Suspension of Assembly Budget Session(10.03.2022)

Telangana High Court has issued notices to Telangana Legislature Secretary in a writ petition filed by three BJP MLAs challenging their suspension fro.....

Tags : Telangana High Court, Suspension of Assembly Budget Session

Finance Minister Nirmala Sitharaman Announces Union Budget 2024(23.07.2024)

Few highlights from the Union budget have been mentioned below: 1. Revisions made in the new tax regime 2. Corporate Tax On Foreign Companies reduc.....

Tags : Union Budget 2024, Corporate Tax, New Tax Regime

Finance Minister Nirmala Sitharaman Announces Union Budget 2024(23.07.2024)

Few highlights from the Union budget have been mentioned below: 1. Angel Tax abolished for all classes of investors 2. Comprehensive review of Inc.....

Tags : Union Budget 2024, Corporate Tax, Angel Tax