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Archive: 23 July 2024

Posts in 23 July 2024

Eight New Measures to Support MSMEs in Union Budget 2024

July 23, 2024 1092 Views 0 comment Print

Union Budget 2024 introduces eight new MSME support measures, including credit schemes, enhanced Mudra loans, and new SIDBI branches for easier access.

Budget 2024: New Skill Development Scheme to Benefit 20 Lakh Youth

July 23, 2024 243 Views 0 comment Print

New centrally sponsored scheme announced: 20 lakh youth to be skilled, 1,000 ITIs upgraded, and skill loan limits increased to ₹7.5 lakh annually.

Budget 2024: 3 New Employment Incentive Schemes to Boost Job Creation

July 23, 2024 525 Views 0 comment Print

Govt launches 3 employment schemes: wage support for new workers, incentives for manufacturing jobs, and employer support to boost 90 lakh jobs.

Budget 2024: GST a Success, Reduced Tax Burden on Common Man

July 23, 2024 963 Views 0 comment Print

Finance Minister lauds GST success, highlights reduced tax incidence, simplified compliance, and eased appeal processes in the Union Budget 2024-25.

Budget 2024: Income Tax Act 1961 Review, Digitalization of GST & Customs & Vivad Se Vishwas Scheme

July 23, 2024 372 Views 0 comment Print

Union Finance Minister outlines tax reforms in Budget 2024-2025, including Income-tax Act review, digitalization of tax services, and Vivad se Vishwas Scheme for dispute resolution.

IBBI Imposes ₹50,000 Penalty on Insolvency Professionals for Non-Cooperation

July 23, 2024 288 Views 0 comment Print

Read about the IBBI Disciplinary Committee’s decision on Mr. S. Diraviam regarding alleged violations during a corporate insolvency resolution process. Insights on findings, penalties, and implications discussed.

Budget 2024: Capital Gains Taxation Simplified And Rationalised

July 23, 2024 3606 Views 0 comment Print

Finance Ministry’s new capital gains tax: Short-term gains at 20%, long-term at 12.5%. Exemption limit raised to ₹1.25 lakh for financial assets.

Budget 2024: ‘Angel Tax’ Abolished; Foreign Companies’ Tax Rate Reduced to 35%

July 23, 2024 870 Views 0 comment Print

Explore the Union Budget 2024-25 highlights by Finance Minister Nirmala Sitharaman: ‘Angel tax’ abolished, corporate tax for foreign companies reduced to 35%. Simplified rules for FDI, climate finance taxonomy

Customs Duty Reforms: Boosting Manufacturing & Export Competitiveness

July 23, 2024 204 Views 0 comment Print

Ministry of Finance unveils reforms in customs duties to support manufacturing, boost exports, and simplify taxation. Includes exemptions for critical minerals and cancer drugs. Read more about the latest updates.

Budget 2024: ₹75,000 Standard Deduction, ₹17,500 Tax Saving for Salaried

July 23, 2024 1155 Views 0 comment Print

Discover the Ministry of Finance’s latest tax changes: ₹75,000 standard deduction, enhanced pension benefits. Potential savings of ₹17,500/year for salaried employees.

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