Page 8 - Budget 2023

Budget 2023: 80,000 start-ups exempt from angel tax, says govt

The Union Budget 2023 on Wednesday proposed to extend the angel tax provisions to transactions involving foreign investors

Budget proposals don't change our long-term preferences: Abhiram Eleswarapu

'Consensus forecasts call for a 16 per cent earnings compounded annual growth through FY25, with margin expansion baked in across most sectors', said Eleswarapu

Union Budget 2023-24 on expected lines, good for investment push

Investors in the automobiles sector are clearly betting on big ticket consumption improving, including commercial vehicles

Direct tax: Budget gives a blueprint for sustained high-growth trajectory

Presently, no TDS is required on interest payable in the case of listed dematerialised securities

Budget 2023: Allocation to schemes for boosting exports increased

Allocation for the commerce department's key Remission of Duties and Taxes on Export Products (RoDTEP) scheme has been increased by 10 per cent

Social sector: The emphasis of Budget is on the consolidation of schemes

The government has ring-fenced financial outlays for various social sectors, and this is reflected in nominal increases and efforts to make them more effective

Budget 2023: 113% increase in allotment for northeast, highest ever

The Finance Ministry has budgeted Rs 5892 crore for FY24 for the region, which is 113 per cent more than the RE 2022-23

Indirect taxes: Budget proposals aligned with govt's strategic priorities

Budget 2023-24 adopted seven priorities or Saptarishi, one of which is building focus on green growth

Over 50% taxpayers may shift to new tax regime: Revenue secretary

"Goods and Services Tax (GST) growth is estimated at 12 per cent as we expect the economy to do better domestically. However, keeping excise and customs in mind, we lowered the overall target"

Budget 2023: From Ashok Leyland to L&T, brokerages bet on cyclical stocks

Here are 10 stocks across sectors that are expected to gain the most from the various proposals

Our capex increase accounts for global slowdown: Finance secy TV Somanathan

"The government's welfare schemes are quite large, comprehensive, well spread and the emphasis is on implementation rather than on budget provisions"

Call on FY24 green bond, H2 borrowing to be taken together: Ajay Seth

We are at 57 per cent of GDP for the central government, we have to see that every year we nibble away may be a percentage point, said Ajay Seth, Economic Affairs Secretary

Focus on finance

Budget measures will strengthen financial markets

Changing tracks

Investment in Indian Railways must be backed by reforms

Decluttering the defence budget

There is a need to streamline allocations and make the budgetary document less complicated to assess its true impact

Changes to Competition Amendment Bill likely next week in Budget session

The panel had said that the MCA had not put forth a strong argument as to why IPR could not be used as a defence against the abuse of a dominant position

LIVE: ED chargesheet is pure fiction, says Delhi CM Arvind Kejriwal

Catch all the live updates from across the globe here

Budget 2023: IIT Madras to get Rs 242 cr for research on lab grown diamonds

This research will be focused on driving indigenization of the LGD manufacturing process

Budget 2023 does not meet expectations of travel agents: Apex body TAAI

Travel agents apex body TAAI on Thursday expressed its "disappointment" over the Union Budget for financial year 2023-24, saying that it does not meet any of its expectations or demands. TAAI (Travel Agents Association of India), however, said it applauds the Finance Minister's idea of promoting travel on a 'mission mode.' "With the Union Budget 2023-24, Finance Minister Nirmala Sitharaman has shown solidarity towards the tourism sector and has left the travel fraternity hopeful. However, there is a huge wave of disappointment among the travel agent fraternity as the budget holds nothing for this large section," the association said. The travel agents fraternity, according to TAAI president Jyoti Mayal, contributes 11 per cent of employment and generate over 10 per cent of revenue contributing to the GDP. "Nothing has been done to our request on ease of doing business, be it on TCS abolishment or ITC for tour operators on inter-state GST credit which is one of the main concerns ...

I-T dept spends 57 paise for every Rs 100 of tax collection: Govt official

Income-tax collection cost that the I-T Department incurs in the country is one of the lowest in the world at Rs 0.57 for every Rs 100 collected as tax, Shishir Agarwal, Chief Commissioner of Income Tax, Hyderabad, said on Thursday. He was speaking at a seminar on 'Post-Union Budget 2023-24-Implication for Trade and Industries' organised by the Federation of Telangana Chambers of Commerce and Industry (FTCCI). We spend just 57 paise to collect every Rs 100 income-tax. We are one of the lowest in the world. The UK spends 73 paise, Japan 174 paise, Germany 135 paise, Canada 150 paise, France 111 paise. The USA is the only country that spends less than us, a press release quoted him as saying. According to him 65 per cent of I-T returns filed were processed and refunds made within 24 hours of filing. Speaking about the Union Budget which was presented in Parliament on Wednesday, the official said it is progressive' and was presented in line with government of India policies ...