Income Tax Bill LIVE updates: The new Income Tax Bill, which will replace the six-decade old Income Tax Act of 1961, will make direct tax laws simple to understand, remove ambiguities and reduce litigations. Income Tax Bill LIVE updates: Finance Minister Nirmala Sitharaman is likely to introduce the new Income Tax Bill in the Lok […]
Views| India’s shrinking tax base: Could a GST cut have been more effective for the middle-class woes than an income tax waiver – CNBC TV18
The Finance Minister Nirmala Sitharaman’s budget 25-26 proposal to steeply abolish tax for income upto ₹12 lakh sans deduction and exemptions from the existing ₹7 lakh as well as the proposal to bring down sharply the slab rates for those earning more than ₹ 12 lakh together will entail a tax sacrifice of ₹ 1 […]
Schemes under Export Promotion Mission to roll out in 4-5 months with ₹2,250 crore allocation – CNBC TV18
The government is in the process of finalising schemes under the Export Promotion Mission, announced in Union Budget 2025, with an allocation of ₹2,250 crore. The schemes, aimed at MSME exporters, are expected to be rolled out within the next four to five months. The Mission will be jointly driven by the Ministries of Commerce, […]
Budget 2025: How personal tax changes benefit the common man — an EY India perspective – CNBC TV18
The Union Budget 2025, presented by Finance Minister Nirmala Sitharaman, aims to accelerate growth, promote inclusive development, strengthen private sector investments, uplift household sentiments, and enhance the spending power of India’s middle class. The personal tax announcements focus on reforming the tax rate structure, rationalising Taxes Deducted at Source (TDS) and Taxes Collected at Source […]
Budget 2025: How it could strengthen India’s agricultural backbone – CNBC TV18
Citing the iconic words of Telugu poet and playwright Shri Gurajada Appa Rao, “A nation is defined by its people, not just its land,” the Union Finance Minister unveiled the Union Budget 2025-26 with the overarching theme of “Sabka Vikas,” reinforcing the government’s commitment to equitable growth across all regions and demographics. This budget sustains […]
Budget 2025: ITC a winner, re-rating play, analysts say, as Cigarette tax concerns ease – CNBC TV18
ITC Ltd. has emerged as a winner from the Union Budget 2025 as tobacco taxes were left unchanged by the government this time around, according to most analysts who have coverage on the stock. No announcement to that effect was made by Finance Minister Nirmala Sitharaman during her eighth budget address on Saturday, February 1. […]
Decoding Budget Arithmetic: Dr. Rathin Roy reflects on the 2025 Budget – CNBC TV18
The central government is shrinking: The total expenditure (TE) GDP ratio shrank from 16.03% in FY22 to 15.04% in FY24 TO 14.19% in FY26(BE). It is now just a percentage point higher than in FY20. The covid splurge has played out and fiscal constraints have resulted in continuous downsizing. […]
Budget 2025: How the govt plans to track crypto transactions better | Explained – CNBC TV18
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 statement good for bond markets and consumption, Kotak says – CNBC TV18
The Union Budget 2025, presented by Finance Minister Nirmala Sitharaman on Saturday, February 1, continued the government’s focus on gradual consolidation while providing a boost to consumption, Kotak Institutional Equities said in a note on Sunday, February 2. Company Value Change %Change The government has also made changes to the tax slabs under the new […]
Budget 2025: ICICI Securities does not see any material impact on lower-end consumption – CNBC TV18
Brokerage firm ICICI Securities wrote in its note post the Union Budget of 2025 that the total tax benefits from enhanced tax slabs and tax rebate are maximum for individuals with income levels between ₹7 lakh to ₹24 lakh and hence will boost discretionary demand the most. Company Value Change %Change However, it went on […]