Budget Expectations

Union budget 2023: Long term capital gains tax likely to be rationalised

This tax was discontinued in 2005, but was reintroduced in 2018 in the Union Budget for that fiscal.

Jan 17, 2023, 13:02 PM IST

Realty industry wants tax and policy related relaxations in upcoming Budget

With interest rates rising, a lot depends on Budget 2023 to support and sustain the housing demand.

Jan 17, 2023, 12:48 PM IST

Union Budget 2023: Five BIG expectations of middle class

Finance Minister Nirmala Sitharaman will present Union Budget for 2023-24 in the Lok Sabha on February 1 amid expectations that the government will raise the income tax limit and provide relief to middle-class taxpayers, besides others.

Jan 16, 2023, 13:56 PM IST

Union Budget 2023-24 India: Date, timings, expectations, When and Where to Watch LIVE Check complete details

It is expected that Finance Minister Nirmala Sitharaman will present the Union Budget 2023 at 11 am on 1 February. 

Jan 13, 2023, 13:15 PM IST

Budget 2023: Modi govt's final full budget to focus on welfare spending, reduction of subsidies, ''Make in India'

The Indian Union budget will be presented on February 1 as the final full-year budget under the current administration before the national elections in mid-2024.

Jan 12, 2023, 12:59 PM IST

Union Budget 2023: Insurance sector demands lowering of GST, larger deduction limit for health insurance premiums

Additionally, in the health insurance category, there should be a larger deduction limit for health insurance premiums in Section 80D of the Income Tax, says Insurance sector. 

Jan 12, 2023, 09:28 AM IST

"Treat tobacco crop like any other agricultural produce & not put an additional burden of taxes: FAIFA to FM

"We urge the policymakers to be reasonable and fair in the upcoming union budget and do not take any steps that affect the legal domestic industry with severe consequences on tobacco farmers' livelihood," FAIFA President Javare Gowda said in a statement.

Jan 04, 2023, 21:00 PM IST

Budget Expectations 2023: Finance Minister urged to raise taxes on tobacco products-- Here's WHY

Advocate Varsha Deshpande, Convenor, Women and Child Rights Organization (WCRO) Coalition has made an appeal to the Union Finance Minister to consider making tobacco products unaffordable by raising taxes on all tobacco products in the upcoming annual budget 2023-24.

Dec 28, 2022, 13:59 PM IST

Union Budget 2023: Widen tax base, do away with cess and surcharges, say experts

Experts during the deliberation stressed better compliance processes to be put in place backed by technological support which in turn will enable tax widening and the need for strategies to strengthen tax collections from Tier 2 towns and cities to widen the tax net.

Dec 22, 2022, 15:42 PM IST

Pre-Budget expectations: PHDCCI expects ESOP taxation reforms for startup

It also said to consider extended tax exemptions for sunrise and essential categories.

Dec 07, 2022, 13:22 PM IST

Union Budget 2023: PHD Chamber suggests 5 prolonged strategy to revitalize private investments

The Industry body has suggestd 5 prolonged strategy to revitalize the private investments including 1) enhance consumption 2) increase capacity utilization in the factories, 3) create employment 4) Enhance quality of social infrastructure 5) strengthen economic growth.

Dec 01, 2022, 11:23 AM IST

Nirmala Sitharaman concludes pre-Budget meetings for forthcoming Union Budget 2023-24

Some central trade unions had on Friday requested Finance Minister Nirmala Sitharaman to hold a physical pre-Budget meeting on Monday.

Nov 29, 2022, 12:01 PM IST

A ration shop for raw materials: MSME Association Budget 2023 wish

One of the budget wish lists of AIE is the abolition of capital gains tax enabling the micro-entrepreneurs to sell their property to regularise their loan accounts, settle their suppliers, and reinvest in the business.

Nov 28, 2022, 12:31 PM IST

Union Budget 2023 Expectations: COAI seeks cut in licence fee, waiver in customs duty for 5G network gear

The apex telecom association has urged the government to rationalisation of GST, reduce of license fee to 1 percent from 3 percent, and waive customs duty on 5G network equipment.

Nov 23, 2022, 10:17 AM IST

Union Budget 2023: PHDCCI suggests 2-year tax holiday for Covid-hit businesses

The Union Budget 2023-24 is being presented at a crucial juncture of geo-political uncertainties, high inflation, and slowing world economic growth, Saket Dalmia, President of PHD Chamber of Commerce and Industry (PHDCCI), said in a statement.

Nov 23, 2022, 09:50 AM IST

Union Budget 2023: Cut personal income tax rates, CII suggests in pre-budget meeting with FM Sitharaman

CII further suggested reducing the highest 28 percent GST slab on consumer durables.

Nov 22, 2022, 13:15 PM IST

Infra sector demands rationalisation of GST, easier bank credit, hike in public expenditure

"...Our demand for cost reduction should be looked at expeditiously," Director General of COAI SP Kochhar said after the online meeting of the infrastructure industry experts with the Finance Minister.

Nov 22, 2022, 10:59 AM IST

Union Budget 2023-24: Focus should be on job creation, steps to broaden tax base, India Inc tells FM Nirmala Sitharaman

The Confederation of Indian Industry (CII), which was part of the virtual pre-Budget meeting, called for an aggressive focus on privatisation of public sector units.

Nov 21, 2022, 15:49 PM IST

Union Budget 2023-24: Will government reduce income tax rates, decriminalise GST law? CII writes to Centre

Union Budget 2023-24: Arguing that the GST law already contains adequate penal provisions for deterrence against evasion of taxes, CII has suggested decriminalisation of GST law.

Nov 20, 2022, 16:09 PM IST

Budget 2022: Kisan drones, services in PPP mode, chemical-free natural farming to open new doors for agriculture

Sitharaman said the Central government will promote Kisan Drones, chemical-free natural farming, public-private partnerships (PPP) for the delivery of digital and high-tech services to farmers.  

Feb 01, 2022, 16:02 PM IST