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The process of preparing the Indian Union Budget is a rigorous and detailed undertaking that unfolds over several months, led by the Ministry of Finance (MoF) in collaboration with various stakeholders, including NITI Aayog and other ministries.
The Confederation of of West Bengal Trade Association has pleaded for an increase in the income tax limit in this year’s Budget.
Noida, Jul 21 (PTI) Real estate developers in Noida and Greater Noida in western Uttar Pradesh expect the first Budget of the Modi 3.0 government to accord ‘industry status’ to their sector for easier access to funds, and address woes related to GST, including the 28 per cent taxation on cement.
Stakeholders in the farm sector, equally important in ensuring a robust harvest and better prices, are wondering if Finance Minister will announce something new or tweak some taxes/rates to prop up growth.
As India gears up for a full budget following the elections, the travel, tourism and hospitality industry is poised for significant growth and development. The interim budget of February 2024 had already set a positive roadmap, with substantial increases in budgetary allocations for the tourism ministry, highlighting a clear focus on enhancing tourism infrastructure.
With the Union Budget around the corner, India’s electric vehicle (EV) industry is eying major boost to the sector. Increase in subsidy, reduction of GST on EV components, policy to support research and development and introduction of production-linked incentives are some of the expectations of the industry.
Union Budget 2024 is set to be presented on July 23, it is expected that certain amendments will be made to the law, as recommended by the GST Council. Recommendations for trade facilitation, such as an amnesty scheme for the settlement of disputes for specified periods and a reduction in the amount of pre-deposit for appeals, were made before the Council at a recent meeting.
It is that time of the year again when industries, economists, financial advisors, and the taxpayer community eagerly await the announcements from the Hon’ble Finance Minister. The focus of the Modi 3.0 administration continues to be on fiscal consolidation.
The ed-tech sector has several expectations from the upcoming budget that include reduced GST, enhanced digital infrastructure, and more.
As Finance Minister Nirmala Sitharaman prepares to present the Union Budget for the current financial year on July 23, stakeholders in the education sector have expressed high hopes for reforms and increased financial support.