Key Features of Budget 2024-25
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Key Features of Budget 2024-25: July24
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Key Highlights of Proposed Changes in the Customs & Excise in the Union Budget 2024-25 for easy digest
Changes in Customs, Central Excise and rates have been proposed through the Finance (No.2) Bill, 2024.
F&O transactions may attract higher tax rate
The government is considering various options to discourage retail participation in the futures and options (F&O) segment. The proposed steps include moving F&O from the head of ‘business income’ to ‘speculative income’ and/or also introducing a tax-deductible-at-source (TDS) in the upcoming Budget, sources in the know said.
Seeking Suggestions for Union Budget 2024-25
Department of Revenue, Tax Research Unit requested Trade and Industry Associations vide letter reference dated 12.06.2024 to provide their suggestions and views for changes in the duty structure, rates and broadening of tax base on both direct and indirect taxes giving economic justification for the same for upcoming Union Budget 2024-25.