The new form will enable employees to provide information about TCS and TDS from other sources. (AI image) TDS for salaried employees: The Central Board of Direct Taxes (CBDT) has introduced a new form, Form 12BAA, to facilitate the implementation of the Budget 2024 announcement regarding the adjustment of TDS and TCS from other sources…
Gold ETFs turn attractive: The recent reduction in customs duty on gold, coupled with long-term tax benefits announced in the budget, has made gold exchange-traded funds (ETFs) and gold funds an attractive investment option for many. Additionally, the expected discontinuation of new issuances of sovereign gold bonds (SGB) is further driving investors towards these investment…
Latest NPS rules, news: In the Union Budget 2024 speech, Finance Minister Nirmala Sitharaman announced two new initiatives with regard to National Pension Scheme (NPS) – extension of NPS 14% employer contribution benefits to private setcor and the intended launch of NPS Vatsalya.Budget 2024 announced the hiking of the tax deduction limit on private sector…
On July 23, Union Finance Minister Nirmala Sitharaman unveiled the Budget for 2024. During her presentation, she allocated Rs. 1.48 lakh crore for education, employment, and skilling. She announced several initiatives that the government is planning for the education sector, including education loans and internship opportunities for the youth.While there were several positive aspects of…
There is exciting news for those planning to buy jewellery for weddings and other special occasions. One of the most significant announcements in the Union Budget 2024 is the reduction of customs duties on gold and silver, which is expected to help bring down the currently high prices of these precious metals.Finance Minister Nirmala Sitharaman…
Budget 2024: Finance Minister Nirmala Sitharaman will deliver her seventh consecutive Budget on Tuesday, outlining a plan for India’s development by 2047 and showcasing the government’s performance over the past decade. The market anticipates potential tax relief for the middle class, leaving more disposable income in their hands, given the current tax buoyancy.Additionally, there are…
Income Tax Expectations Budget 2024: Finance Minister Nirmala Sitharaman will present the Union Budget 2024 on July 23, 2024 and the Budget is being looked at for relief to salaried, middle class taxpayers and also the common man. What can you expect from the Modi 3.0 government’s Budget 2024? What are the top expectations from…
By Ratna KBudget 2024 income tax expectations: With the government’s 3.0 Budget round the corner, taxpayers are optimistic that the finance minister will introduce measures aimed at revitalizing the economy and alleviate the financial burden on individuals. Expectations are particularly high for policies that can stimulate growth while ensuring equitable distribution of benefits, and impact…
By Surabhi MarwahBudget 2024 income tax expectations: The government is set to table its first full budget after elections and the wish list of taxpayers is as long as ever. This is especially so as the government did not make any key changes in the interim budget as it was a Vote on Account budget….
Budget 2024 expectations: With an aim to enhance healthcare accessibility, the Modi government is actively pursuing plans to double the reach of its flagship Ayushman Bharat health insurance scheme over the next three years.According to a PTI report, discussions are intensifying to increase the annual insurance coverage under the Ayushman Bharat Pradhan Mantri Jan Arogya…
