Union Budget 2024-25: Angel Tax Abolished to Strengthen Start-Up Ecosystem and Attract Investment

New Delhi: In a significant move to boost India’s start-up ecosystem, Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, announced the abolition of the controversial ‘angel tax’ for all classes of investors during her Union Budget 2024-25 presentation in Parliament today. This landmark decision aims to remove financial hurdles for emerging businesses and foster…

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Union Budget 2024-25: GST Reforms to Simplify Taxation and Benefit the Common Man

New Delhi: In her Union Budget 2024-25 speech delivered in Parliament today, Union Minister of Finance and Corporate Affairs, Nirmala Sitharaman, highlighted the significant impact of the Goods and Services Tax (GST) on reducing the tax burden on common man, cutting down compliance costs, and lowering logistics expenses for businesses. She described GST as a…

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States to Be Incentivized for Business Reforms and Digitalization: Union Budget 2024-25 Unveiled

States to Be Incentivized for Business Reforms and Digitalization: Union Budget 2024-25 Unveiled

New Delhi: In a move aimed at advancing India’s business environment and insolvency resolution framework, Union Finance and Corporate Affairs Minister Smt. Nirmala Sitharaman presented the Union Budget for 2024-25 in Parliament today. The budget emphasizes a commitment to fostering economic growth through significant reforms and digitalization.

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Union Budget 2024-25: Major Updates to Capital Gains Tax with New Long-Term Rates and Increased Exemption Limits

New Delhi: The Union Budget 2024-25, presented by Union Finance and Corporate Affairs Minister Nirmala Sitharaman, has introduced significant changes to the Capital Gains Tax framework, aiming to simplify and rationalize the tax structure. Under the new proposal, short-term gains on certain financial assets will be taxed at a flat rate of 20%. This change…

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Union Budget 2024-25: ₹11.1 Lakh Crore Allocated for Infrastructure Development

New Delhi: In her Union Budget 2024-25 speech delivered in Parliament today, Union Minister for Finance & Corporate Affairs, Nirmala Sitharaman, underscored the critical role of infrastructure in driving economic growth. She announced a substantial allocation of ₹11,11,111 crore for capital expenditure, equating to 3.4% of the country’s GDP. This commitment highlights the government’s dedication…

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Union Budget 2024-25: Over ₹3 Lakh Crore Allocated to Boost Women’s Economic Empowerment

New Delhi: In a strong commitment to enhancing the role of women in economic development, the Union Budget 2024-25, presented by Union Minister for Finance & Corporate Affairs Nirmala Sitharaman, has allocated over ₹3 lakh crore for schemes benefiting women and girls. This allocation is part of a broader strategy to promote women-led development and…

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