Page 27 - Budget 2023 News

CII suggests slashing income tax rates in upcoming budget o revive demand

The CII has suggested a cut in personal income tax rates to revive demand -- a move which would benefit 5.83 crore taxpayers who have filed returns for assessment year 2022-23

Focus on job creation, capex boost, tax measures in Budget: Industry to FM

Employment-linked incentive scheme for services sector suggested

Decriminalise GST law, cut personal income tax rates in Budget: CII to govt

Industry body CII has pitched for a reduction in personal income tax rates, decriminalisation of the goods and services tax and a relook at the capital gains tax rates for Budegt

FM Nirmala Sitharaman to kick-start pre-Budget meetings from Monday

On November 22, Sitharaman would meet agriculture and agro processing industry, representatives from financial sector and capital markets

Govt plans changes in capital gains tax in Budget 2023, says report

Changes in capital gains tax in India are expected in the next budget, an income tax official from India's finance ministry said on Tuesday

Budget 2023-24: Centre's capex support for states likely to continue

The scheme, for FY23, consists of Rs 1 trillion, 50-year, interest-free capex loans to states. It is part of the Centre's capex budget of Rs 7.5 trillion

Budget 2023-24: FY24 direct tax target likely to see 14-17% increase

Centre's FY23 mop-up may top BE by Rs 1-1.5 trn

Budget 2023-24: Sitharaman's meetings with stakeholders to begin on Nov 21

Seven meetings will take place between November 21 and 24, while the pre-budget interaction with state Finance Ministers is expected to take place in December in Madurai

FM Sitharaman likely to begin pre-Budget talks from third week of November

FM Nirmala Sitharaman and senior officials will hold eight meetings in all with all stakeholders

On the cards: Expansionary Budget with optimistic tax revenue rise

Finance Minister Nirmala Sitharaman is expected to present the next Budget on February 1

The process involved in preparing the Union Budget: An explainer

All of this culminates on February 1, when the Cabinet approves the budget, the Finance Minister presents it to the President, then proceeds to Lok Sabha, where she rises at 11 am to begin her speech

Budget focus is to maintain growth, tame inflation: FM Nirmala Sitharaman

The minister is in Washington DC to the annual meetings of World Bank and International Monetary Fund, as well as the G-20 Finance Ministers and Central Bank Governors meetings

Next budget will have to be carefully structured to maintain growth: FM

The next annual budget will have to be very carefully structured to sustain the country's growth momentum, FM Nirmala Sitharaman said, noting that it will also address inflation concerns

Run-up to Budget 2023-24: Centre looks to cut non-priority expenditure

Direct and indirect tax revenues may not be enough to offset food and fertiliser subsidies

Direct tax mop-up rises 24% YoY to Rs 8.98 trillion in FY23 so far

Refunds amounting to Rs 1.53 lakh crore have been issued between April 1-october 8, an increase of 81 per cent over the corresponding period last year

AAP govt presents first budget in Punjab; to provide 300 units free power

A day after a humiliating electoral defeat in its stronghold parliamentary seat, the govt in Punjab in its first Budget on , and also provisioned for supplying 300 units of free electricity

FM Sitharaman to present J&K budget for 2022-23 in Rajya Sabha

On March 14, the union territory's budget was presented and passed by the Lok Sabha

FM Nirmala Sitharaman presents Rs 1.42-trn J&K Budget in Lok Sabha

Sitharaman also presented the supplementary demands for the year 2021-22 totalling Rs 18,860.32 crore for the Union Territory

Maha FM presents revenue deficit budget; introduces GST amnesty scheme

Tabling the third budget of the Shiv Sena-NCP-Congress government in the Legislative Assembly, Pawar said a provision of Rs 1,50,000 crore has been made for the annual plan

WB govt presents Rs 3.21-trn FY23 budget; incentives for EVs, tea sector

Capital expenditure for the fiscal is estimated to be Rs 33,144 crore, and revenue expenditure is pegged at Rs 2,26,326 crore