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CBIC issues Advisory on Updation of Express Cargo Clearance System Post Union Budget 2024-25

The Office of the Additional Director General (Systems), West Zonal Unit, New Custom House, Ballard Estate, Mumbai, has issued Advisory No. 03/2024 dated January 29, 2024, concerning the anticipated...

CBIC Advisory Updation - Express Cargo Clearance System Post Union Budget 2024-25 - TAXSCAN
Navasree A.M

Budget 2024: Government to Lower Deficit in 2024-25 Fiscal Year on Lifting Capital Expenditure to All-Time High

The Central Government will focus to lower deficit in the 2024-25 fiscal year despite lifting capital expenditure to an all-time high and is aiming to narrow the fiscal deficit to 4.50% of GDP by the...

Budget 2024 - Government deficit reduction - Capital expenditure - Fiscal deficit - Central Government - TAXSCAN
Kalyani B. Nair

Central Govt appoints members of Sixteenth Finance Commission

The Central Government has recently appointed the members of the Sixteenth Finance Commission, established on December 31, 2023. The President of India has approved the appointment of the...

Central Govt appoints members - Sixteenth Finance Commission - taxscan
Manu Sharma

Budget 2024: MSME Sector expects Enhanced Availability of Credit and Increase in Funding Channels

The MSME sector hopes for enhanced availability of credit, increased funding channels. The MSME sector constituted around 29.15 per cent of the country’s GDP in 2021-22. The sector stressed on the...

Budget 2024 - MSME - Funding Channels - MSME sector budget 2024 - Budget news - Budget 2024 impact on MSME - TAXSCAN
Kalyani B. Nair

Ministry of Finance releases 'The Indian Economy - A Review' before Budget 2024

The Ministry of Finance has released the 'The Indian Economy - A Review' before Budget 2024 as tribute to the government policies. It is clarified that distinct from the Economic Survey of India...

Budget 2024 - Indian Economy Review - Ministry of Finance - Economic Survey of India - Department of Economic Affairs - taxscan
Navasree A.M

Here's How You can Claim HRA Exemption on Rent Paid to Spouse

In the lead-up to Budget 2024, anticipation is building for potential adjustments to exemption limits by the finance ministry, offering a possible relief from tax burdens. Notably, House Rent...

Budget 2024 - HRA exemption - House Rent Allowance - Finance ministry - Budget 2024 income tax benefits - TAXSCAN
Manu Sharma

Counting Calories and Currencies: Budget 2024 Halwa Ceremony and Lock in Period

The Halwa ceremony, a traditional prelude to the Union Budget presentation, recently took place at North Block, featuring Union Finance Minister Nirmala Sitharaman. This age-old ceremony plays a...

Budget 2024 - Nirmala Sitharaman - Budget presentation - Finance Minister - Halwa ceremony - Budget ceremony - taxscan
Manu Sharma

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