Economic Times
Union Budget 2024: Now the aggregate value of a house property is to be considered for determining whether TDS is to be deducted on purchase of proper
The Pradhan Mantri Awas Yojana (PMAY) is a government flagship program in India that aims to provide pucca houses with basic amenities to all resident
Budget 2024 proposes a higher tax on certain capital gains for non-residents. However, it has also proposed to reduce on certain assets. The new tax r
In the Budget 2024 proposal, it has been announced that the payout from your life insurance policy will be higher due to a reduction in the TDS (Tax D
Who gains and who losses in Budget 2024: The finance minister Nirmala Sitharaman has announced many changes in the Budget 2024 presented today. Howeve
Union Budget 2024: Now you will have to pay a lower percentage of tax deducted at source (TDS) on house rent payments exceeding Rs 50,000. The Union B
Re-Assessment of Old ITR: Budget 2024 has brought significant relief as tax authorities are no longer allowed to reopen old income tax returns (ITR) b
Union Budget 2024 House Rental Income: Now you can't save tax from rental income of residential house property. You have to mandatorily declare it und
TCS on Foreign remittances: Budget 2023 raised TCS on most foreign remittances under LRS to 20%. The initial implementation was met with criticism and
Section 87A tax rebate in Budget 2024: The finance minister Nirmala Sitharaman has not made any changes in tax rebate amount available under Section 8
Section 80C Tax Deducation limit in Budget 2024: The deduction under Section 80C of the Income-tax Act is available under the old tax regime only. Bud
Budget 2024 has reduced the holding period for capital gains on gold to qualify as long term capital gains from 36 months to 24 months and simultaneou
Latest income tax slabs: In today's Budget 2024, the finance minister Nirmala Sitharaman has made changes in the income tax slabs and rates for the cu
Holding period changed in LTCG, STCG in Budget 2024: The finance minister has rationalised the holding period for all asset classes in Budget 2024. Re
Indexation benefit removed from sale of property, budget 2024: The budget 2024 announced the removal of indexation benefit available on sale of prope
The Finance Minister has proposed an increase in short-term capital gains tax from 15% to 20% for equity investments sold before 12 months. This chang
Budget 2024: Time limit for reassessment is proposed to be reduced from ten years to five years. It is also proposed to withhold refund up to sixty da
National Pension Scheme (NPS): NPS contribution limit for employer in private sector raised from 10% to 14% of the employee’s basic salary. For both
The 2024 budget has increased the securities transaction tax (STT) on Futures & Options (F&O) of securities to 0.02 percent and 0.1percent respectivel
Old tax regime in Budget 2024: In the old tax regime, the basic exemption limit for income of the individual depends on the age of the taxpayer in the
