Finance bill (No.2) 2024 on dated 16.08.2024 (Proposed Amendments to the GST Law: Key Changes and Additions)
Amendments to the Goods and Services Tax Act, 2017 (GST Act) vide Finance Budget (2) 2024
Category: Budget-II 2024-25
THE FINANCE (No. 2) ACT, 2024 (No. 15 of 2024)
The Parliament received the assent of the President on the 16th August, 2024 and the Finance Bill is now ‘The Finance (No. 2) Act, hereby published for general information.
Budget approved: Rajya Sabha returns appropriation and finance Bills to Lok Sabha
Parliamentary approval for the 2024-25 Budget was completed Thursday with Rajya Sabha returning the relevant pieces of legislation to Lok Sabha. This completes the Budgetary exercise for 2024-25.
Removal of 18% GST on life, health insurance
“Several suggestions have come up and I shall take up with the GST Council,” Sitharaman said on the withdrawal of 18% goods and services tax (GST) on life and health insurance premiums
Lok Sabha passes Finance Bill, amends LTCG tax provision on immovable properties
The Lok Sabha on Wednesday passed the Finance Bill 2024 after the central government relaxed the freshly-introduced new capital gains tax on real estate, allowing taxpayers an option to switch to a new lower tax rate or stay with the old regime that had higher rate with indexation benefit.
Rollback after criticism: Govt brings back indexation benefit on sale of property purchased before Budget
Following outrage and concerns from certain quarters over the Budget proposal to remove indexation benefits on long-term capital gains (LTCG), the government Tuesday decided to offer taxpayers a choice to pay 20 per cent LTCG tax with indexation benefit on sale of property acquired before July 23, 2024.
Govt allows flexibility in LTCG tax calculation in relief for homeowners
The government on Tuesday sought to address a significant concern stemming from the 2024-25 Budget announcement by introducing flexibility in the computation of long-term capital gains (LTCG) tax on unlisted assets, including properties.
AMFI Urges Government To Reconsider Tax Proposals On STT, Capital Gains, Section 50AA
The Association of Mutual Funds of India has urged the government to reconsider tax proposals on capital gains in equities and debt instruments in the Union budget 2024 introduced last week.
Decoding Budget 2024 – Indirect Tax
Expert CMA Anil Sharma, an TIOL Awardee (2021) deliberated on Decoding Indirect Tax in Budget 2024
Decoding Budget 2024 – Direct Tax
Speaker CMA Anil Sharma, an TIOL Awardee (2021) deliberated on Decoding Direct Tax in Budget 2024 at Bhilai Steel Plant, Bhilai on 28.07.2024.