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Summary of The Union Budget 2024-2025

July 23, 2024 10026 Views 0 comment Print

Discover highlights of India’s Union Budget 2024-25: low inflation, ₹2 lakh crore for youth schemes, 109 crop varieties, and extensive tax reforms by Finance Minister Nirmala Sitharaman.

Changes in Basic Customs Duty (BCD) on various goods wef 24th July 2024

July 23, 2024 6537 Views 0 comment Print

Explore the key changes in Notification No. 30/2024-Customs, including new tariff entries, revised duty rates, and updates effective October 1, 2024.

New Pension Scheme ‘Vatsalya’ for Minors; Contributions by Parents & Guardians

July 23, 2024 765 Views 0 comment Print

Discover the ‘Vatsalya’ pension scheme for minors launched by the Ministry of Finance. Learn about contributions, conversion options, and progress on NPS review in 2024.

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

July 23, 2024 651 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: Income Tax Act 1961 Review, Digitalization of GST & Customs & Vivad Se Vishwas Scheme

July 23, 2024 873 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 573 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: ‘Angel Tax’ Abolished; Foreign Companies’ Tax Rate Reduced to 35%

July 23, 2024 1761 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 459 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 2124 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.

IRDAI imposes penalty on Care Health Insurance for ESOP Violation

July 23, 2024 1026 Views 0 comment Print

Explore IRDAI’s order against Care Health Insurance Ltd. for ESOP violations. Detailed analysis of legal implications, penalties imposed, and compliance directives.

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