Union Budget News

ICAI invites suggestions for Pre-Budget Memorandum 2024

Posted in Union Budget on 23 September 2023
Institute of Chartered Accountants of India (ICAI) has invited suggestions for the Pre-Budget Memorandum-2024. ..

Copy of Finance Bill 2023 as passed by the Lok Sabha

Posted in Union Budget on 28 March 2023
The Finance Bill 2023 was passed in the Lok Sabha without a discussion on March 24. T..

Key highlights of amendments to Finance Bill 2023

Posted in Union Budget on 25 March 2023
The Finance Bill 2023 was been passed in Lok Sabha without a discussion and the House was adjourned to meet again on March 27...

Finance Bill 2023 passed in Lok Sabha with over 45 amendments

Posted in Union Budget on 24 March 2023
Today, i.e. 24th March, Union Finance Minister Nirmala Sitharaman will move The Finance Bill, 2023 in Lok Sabha to give effect to the financial proposals of the..

Govt. proposes draft dispute settlement scheme as announced in Union Budget 2023-24

Posted in Union Budget on 09 February 2023
Government proposes quick settlement of contractual disputes to promote ease of doing business as announced in Union Budget 2023-24..

Government provides big relief to MSMEs for COVID-19 period

Posted in Union Budget on 07 February 2023
Government provides a big relief to MSMEs for COVID-19 period; fulfils promise announced in Union Budget 2023-24..

Budget 2023-24: Life Insurance Maturity Sum With Over Rs. 5 Lakh Premium To Be Taxed

Posted in Union Budget on 03 February 2023
An individual will have to pay tax on the maturity amount of life insurance policies where the aggregate annual premium exceeds Rs.5 lakh, according to a Budget..

Budget 2023-24: Removal of certain funds from section 80G

Posted in Union Budget on 02 February 2023
Section 80G of the Act, inter alia, provides for the procedure for granting approval to certain institutions and funds receiving donation and the allowable dedu..

Memorandum explaining provisions in Finance Bill 2023

Posted in Union Budget on 02 February 2023
FINANCE BILL, 2023PROVISIONS RELATING TO DIRECT TAXESIntroductionThe provisions of Finance Bill, 2023 (hereafter referred to as "the Bill"), relating to direct ..

Finance Bill 2023

Posted in Union Budget on 02 February 2023
AS INTRODUCED IN LOK SABHA ON 1ST FEBRUARY, 2023Bill No. 17 of 2023THE FINANCE BILL, 2023 - A BILLto give effect to the financial proposals of the Central Gover..