In India, Budget Day is an eagerly anticipated event, with businesses and the public keenly awaiting announcements of schemes and initiatives that could impact them. However, this year, due to the upcoming elections, Budget 2024 has been replaced with an Interim Budget. Nevertheless, the public’s expectations were met as the honourable Union Finance Minister, Smt. Nirmala Sitharaman, presented her sixth consecutive budget, ensuring continuity in plans and benefits.
Continue reading “INTERIM BUDGET 2024-25”Budget 2022: Key Takeaways
Minister of Finance, Smt. Nirmala Sitharaman presented the Budget 2022 on 1st February 2022. At the very outset, she mentioned that India’s economic growth in the current year is estimated to be 9.2 per cent, highest among all large economies.
Continue reading “Budget 2022: Key Takeaways”COVID-19 Relief Measures in Income Tax
On 24th March 2020, the Union Finance Minister announced several measures taken by the Government of India in view of the COVID-19 outbreak and nationwide lockdown. The relief measures related to Income tax are detailed below.
Continue reading “COVID-19 Relief Measures in Income Tax”