Hello everyone,
Do share your views of India Budget 2024.
Hello everyone,
Do share your views of India Budget 2024.
Union Budget : Important points --
Highlights from Budget:
The securities markets face challenges with the increase in short-term capital gains tax from 15% to 20%, the rise in long-term capital gains tax from 10% to 12.5%, and the hike in STT on F&O. The immediate market reaction has been less than positive. Customs duty on gold and silver has been reduced to 6% that may lead to a decline in domestic prices and perhaps lift demand. The existing duty on gold and silver is 15 percent which comprises 10% of basic custom duty and 5 percent as Agricultural Infrastructure Development cess.
Finance Minister Nirmala Sitharaman said that she can't take a call on whether the old tax regime will be done away with but said that the intention is to make the tax regime simpler.
Finance Secretary TV Somanathan said that expenditures on railways are the highest ever.
To keep the allies happy, Nirmala Sitharaman said that ₹15,000 crore to Andhra Pradesh will be through multilateral assistance.
Biggest go away from this budget (if that is a term)
Indexation benefits on Property tax gone.
No one was expecting a thing on Taxes but increase the burden of tax so much..
Really disheartening
📍HIGHLIGHTS OF THE UNION BUDGET 2024-25🔷Budget Estimates 2024-25:🔸Total receipts other than borrowings: ₹32.07 lakh crore🔸Total expenditure: ₹48.21 lakh crore🔸Net tax receipt: ₹25.83 lakh crore🔸Fiscal deficit: 4.9 per cent of GDP.
Here are key highlights from the Union Budget 2024-2025
Budget Theme:
> Productivity and resilience in Agriculture
Natural Farming
Shrimp Production & Export
Digital Public Infrastructure (DPI)
> Employment and Skilling
> MSME and Manufacturing Support
> Financial Initiatives
> Infrastructure and Regional Development
Highly elated no taxes levied on Inhaling and exaling 🙏
Angel tax removed for all classes of investors. In September last year, the Income Tax Department notified new angel tax rules that comprise a mechanism to evaluate the shares issued by unlisted startups to investors.
Over 1.17 lakh startups are registered with the government. They are eligible for availing of incentives under the government's Startup India initiative.
Bhai sahab, investments aur capital gains bhi nahi chod rahe ye log.
And uske badle mil kya raha hai, gaddhe wale roads, girti ceilings, railways in gutter.
Atleast improve the quality of life if you are almost taking 40% out of the taxpayer's pocket.
But nahi, ye sab leke sabko bas free mein baatenge. Khatakhat Khatakhat
Originally posted by: Chingaari
Highly elated no taxes levied on Inhaling and exaling 🙏
Ideas mat do unko, warna har transaction pe "SwachhSaasCess" laga ke wo bhi vasool lenge
Originally posted by: FlauntPessimism
Biggest go away from this budget (if that is a term)
Indexation benefits on Property tax gone.
No one was expecting a thing on Taxes but increase the burden of tax so much..
Really disheartening
Indexation on property- impact depends on what kind of return you were getting from your property investment. The more the better really (you pay lesser in those cases even with indexation taken out). If your returns were ordinary, or barely crossing inflation, you pay more in the newer scheme.
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