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Shares of real estate stocks surged as much as 9.3% on Saturday, February 1, after Finance Minister Nirmala Sitharaman announced the revised limit of the tax deducted at source (TDS) on rent to Rs 6 lakh annually. The Union Budget 2025 has brought welcome news for landlords and tenants, with a significant increase in the…
There may be concessions for the middle class, which is pinning hope on a reduction in income tax rates, along with a hike in standard deduction. Under the old tax regime, the basic income exemption limit is set at Rs 2.50 lakh, while in the new tax regime, the limit is Rs 3 lakh. With…
India’s Finance Minister Nirmala Sitharaman’s annual outlay for 2024-25 was Rs 45 lakh crore. The annual expenditure or outlay is proportional to the government’s revenue and capital receipts. Design your ideal budget for India and tell us your annual expenditure for the country. You get to “shape key policies”, adjust sector allocations, and see the…
It remains important to consider the potential impact of a US market downturn, considering past patterns. (AI image) Economic Survey 2024-2025: Is the Indian stock market headed for a meaningful correction in 2025? The Economic Survey 2025 tabled in Parliament ahead of Budget 2025 has pointed to risks for the Indian stock market in 2025,…
Taxpayers who continue to favor the traditional structure are still hopeful for adjustments which are at least reflective of the rising inflation and costs of living in India. By Ravi JainBudget 2025 income tax expectations: The announcement of new income tax regime in India’s Union Budget 2020 was a progressive step by the Hon’ble Finance…
New Delhi: Finance Minister Nirmala Sitharaman on Friday participated in a traditional ‘halwa’ ceremony, marking the final stage for the preparation of Union Budget 2025-26 to be unveiled on February 1 in the Lok Sabha. The ceremony is a customary ritual in which traditional dessert ‘halwa’ is prepared and served to officials and staff members…
Budget 2025 expectations: In the July 2024 budget, Rs 16,575 crore were allocated for RoDTEP. (AI image) Budget 2025 expectations: In the upcoming Union Budget 2025-2026, finance minister Nirmala Sitharaman is expected to increase fund allocations for two major tax remission schemes for exporters by almost 10 per cent each, according to sources familiar with…
Budget 2025: Shetty advocates for a 30% flat deduction on gross income with a ₹15 lakh ceiling on deductions. Budget 2025 income tax expectations: Finance Minister Nirmala Sitharaman should look to increase the income tax threshold for the 30% tax bracket in her Union Budget 2025, says Adhil Shetty, CEO of BankBazaar.According to BankBazaar, three…
Budget 2025 income tax: From a surcharge levy perspective, the threshold begins from Rs 50 lakh Budget 2025 income tax expectations: Finance Minister Nirmala Sitharaman will present the Union Budget 2025 on February 1, 2025. In its pre-Budget 2025 memorandum, Assocham has called for rationalization of surcharge on salaried individuals.As per the existing provisions the…
Budget 2025 income tax expectations: The changes involve simplifying the language and rationalizing information by using formulas and tables. (AI image) Budget 2025 expectations: India’s government plans to simplify its income tax filing rules to make it less tedious for taxpayers to comply with the law and help cut down on disputes that have ballooned…
