Budget 2024: Threshold for Professionals Eligible for Presumptive Taxation Increased to ₹75 lakhs in 2023
In the interim budget 2024 presented by finance minister Nirmala Sitharaman, it was announced that the threshold for professionals eligible for...
Interim Budget 2024: Outstanding Direct Tax Demands withdrawn up to ₹ 25,000 pertaining to Period up to FY 2009-10
In the Interim Budget 2024, the Central Government withdrew Outstanding direct tax demands up to ₹ 25,000 pertaining to period up to FY 2009-10. “I propose to withdraw such outstanding direct tax...
Income Tax Benefit: Budget 2024 Extends Date of Startup LLP/Company Incorporation for S. 80IAC Exemption by One More Year [Read Finance Bill]
On February 1st, Finance Minister Nirmala Sitharaman introduced the Interim Budget 2024 in Parliament. An important feature is the prolongation of the deadline for the incorporation of Startup...
Interim Budget 2024: FM proposes Corpus of One Lakh Crore for R&D Investments with Fifty Year Interest Free Loan
In a pivotal announcement during her budget speech the Finance Minister disclosed plans to establish a corpus of one lakh rupees through a fifty-year interest-free loan. This is aimed at fostering...
Finance Bill 2024: Proposes Penalties for Failure to Register Certain Manufacturing Machines Under GST Special Procedure [Read Finance Bill]
Union Finance Minister Nirmala Sitharaman presented the Interim Budget 2024 before Parliament on February 1st, unveiling key proposals that include significant changes to the existing tax laws. One...
