Union Budget income taxes: In the first Budget of the Modi 3.0 government, Finance Minister Nirmala Sitharaman introduced many important changes to income taxes. The most prominent was the tweaking of tax slabs and increase in Standard Deduction limit under the New Tax Regime. However, she didn’t introduce any change in the Old Tax Regime. … Read more
Union Budget: In its list of demands to Finance Minister Nirmala Sitharaman, the Association of Mutual Funds in India (AMFI) has asked the government to allow SEBI-registered mutual funds to float pension-oriented mutual fund schemes with tax benefits under the prevailing tax regimes. In a note to the government, the AMFI said the mutual fund … Read more
Union Budget: There is a considerable amount of anticipation and speculation surrounding the potential benefits that various sectors are expecting from the Finance Minister. Union Finance Minister Nirmala Sitharaman is scheduled to present the Budget for the fiscal year 2024-2025 in the third week of July. The Budget is expected to include a breakdown of … Read more
Niti Aayog on Monday said India can be at the forefront of the global online dispute resolution movement and suggested that the government should take targeted initiatives like setting up legal tech hubs and tax incentives for the private sector to enable faster adoption of ODR. Retired justice AK Sikri-led committee on the action plan … Read more