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Lok Sabha passes Finance Bill (No. 2), 2024

The Lok Sabha passed the Finance (No.2) Bill, 2024, with amendments on Wednesday. Among the changes, taxpayers can now calculate liability on the sale of land and buildings acquired before July 23,...

Lok Sabha - Finance Bill 2024 - TAXSCAN
Manu Sharma

Tax Treatment of Capital and Labor Incomes to Play Key Role, Says Economic Survey

The Economic Survey was presented by the Finance Minister Nirmala Sitharaman before the Lok Sabha on 22nd July 2024. Later on, the Chief Economic Adviser of the Government addressed the public and...

Economic Survey - Economic survey 2024 - capital income taxation - Labor income taxation - Finance Minister - Nirmala Sitharaman - taxscan
Navasree A.M

Budget 2024-25 to come with GST Council recommended Amendments: CBIC Chairman

The Central Board of Indirect Taxes and Customs ( CBIC ) Chairman Sanjay Kumar Agarwal announced on Wednesday that the decisions made during last month's Goods and Services Tax ( GST ) Council...

Budget 2024-25 to come with GST Council recommended Amendments: CBIC Chairman
Manu Sharma

Nirmala Sitharaman to Make History: First Finance Minister and Woman FM to Present 7 Consecutive Annual Union Budgets

The Finance Minister Nirmala Sitharaman will make history by presenting this 2024-25 full Budget before the Lok Sabha on 23 July, 2024. She will surpass the record created by the Former Finance...

Nirmala Sitharaman - Finance Minister Nirmala Sitharaman - Finance Minister - Union Budget - Nirmala Sitharaman Union Budget - taxscan
Navasree A.M

[BREAKING] Finance Minister to present Union Budget 2024-25 in Lok Sabha on 23 July

Finance Minister Nirmala Sitharaman will present the Union Budget 2024-2025 on July 23, 2024 in the Lok Sabha during the budget session, as approved by the President of India. President Droupadi...

Budget - Budget 2024 - Finance Minister Nirmala Sitharaman - Lok Sabha budget announcement - taxscan
Manu Sharma

GST Appellate Tribunals to be set up by Mid-Financial Year 2024-2025

A significant development is on the horizon for taxpayers and professionals dealing with Goods and Services Tax (GST) disputes awaiting to file appeals. An appellate tribunal specifically dedicated...

GST Appellate Tribunals to be set up by Mid-Financial Year 2024-2025
Manu Sharma

Direct Tax Code under works, set to Replace Income Tax Act and Revamp Capital Gains, TDS Provisions

Official sources have indicated that if re-elected, the Narendra Modi government plans to prioritize the implementation of the long-pending Direct Taxes Code ( DTC ). Discussions are already underway...

Direct Tax Code under works, set to Replace Income Tax Act and Revamp Capital Gains, TDS Provisions
Manu Sharma

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