Despite industry expectations for tax relief, the government has kept the 30% tax on crypto income gains and 1% TDS (tax deducted at source) on transactions unchanged in the Union Budget 2025. This move underscores the government’s firm stance on digital assets, maintaining strict taxation and compliance measures. However, the compliance burden related to transaction […]
Budget 2025 | A ‘Kabhi Khushi, Kabhi Gham’ event for the insurance sector – CNBC TV18
Finance Minister Nirmala Sitharaman’s budget proposes the much-anticipated increase in the limit of Foreign Direct Investment (FDI) in the insurance sector to 100% from the current 74%. But it comes with some riders. IRDAI Chairman Debasish Panda told CNBC-TV18 that this is an opportune time to increase the FDI limit in the insurance sector. The […]
Budget 2025: Sitharaman says Kisan Credit Card loan limit will increase to ₹5 lakh – CNBC TV18
Presenting the 14th consecutive Budget under the Narendra Modi government since 2014, Finance Minister Nirmala Sitharaman said the loan limit under the Kisan Credit Card scheme will be increased to ₹5 lakh from the current limit of ₹3 lakh. Sitharaman said the Kisan Credit Cards would facilitate short-term loans for 7.7 crore farmers, fishermen, and […]
Finance Bill 2025: Govt plugs a big loophole in gold, silver alloy imports, raises duty from May 1 – CNBC TV18
India has tightened its import rules for gold and silver alloys, closing a major loophole that allowed duty exemptions under trade agreements. The Finance Bill 2025, unveiled on the eve of the Union Budget, introduced new tariff classifications effective May 1, ensuring that high-purity gold and silver alloys face a 10% import duty. Effective 1st […]
Budget 2025: New deadline to file updated tax returns extended to 4 years, announces FM Sitharaman – CNBC TV18
Announcing the 14th consecutive Budget under the Narendra Modi government since 2014, Finance Minister Nirmala Sitharaman announced that the time limit to file the updated tax returns has been proposed to 4 years from the current limit of 2 years. Click here for Budget live updates Sitharaman also announced significant tax benefits in Budget 2025. […]
Budget 2025: Here’s an overview of key taxes paid by the everyday consumer – CNBC TV18
As India prepares for Budget 2025, it’s essential to understand the various taxes that consumers are subject to. From income tax to capital gains tax, Goods and Services Tax (GST), and Securities Transaction Tax (STT), each tax plays a role in shaping the financial landscape for individuals and businesses. Here’s a breakdown of key taxes, […]
Income tax cuts likely in Budget 2025 to spur consumption: Sources – CNBC TV18
As the Union Budget approaches, expectations are growing that the government may extend personal tax relief. According to sources, to boost consumption and accelerate economic recovery, the government is actively considering personal income tax breaks, which could be unveiled in the Budget for 2025. “The proposed changes aim to boost disposable income and enhance spending […]
Budget 2025: India Inc shares crucial expectations from FM Nirmala Sitharaman – CNBC TV18
As the Union Budget is round the corner, everyone is keen to hear the Finance Minister give some kind of tax reliefs. As a pre-cursor to the Budget some of the key expectations which are on the table of the finance ministry as they juggle to finalize the budget proposals includes, tax breaks, enhancing incomes […]
Budget 2025 Live Updates | EV Industry seeks battery manufacturing policy, tax incentives to boost growth
Finance Minister Nirmala Sitharaman will present the Union Budget 2025 on February 1, marking her eighth budget. Stakeholder consultations concluded after a month-long process involving diverse sectors. Stock markets will remain open despite it being a Saturday, reflecting the budget’s significance for India’s economic trajectory and market sentiment. Industries across the board are eagerly anticipating […]
Budget 2025 LIVE Updates | Expectations and suggestions for FM Nirmala Sitharaman
Jan 10, 2025 10:34 AM IST Budget 2025 | Simplified GST, lower direct tax rates are key to reversing economic slowdown, say experts Finance Minister Nirmala Sitharaman faces significant challenges as she prepares to present the Union Budget in just over three weeks. The first advance GDP estimates project a growth rate of 6.4%, a […]