TaxTMI 
TaxTMI 
Interim Budget - A short-term financial plan 2024
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....nterim Budget - A short-term financial plan 2024<br>By: - CSSwati Rawat<br>Budget - Tax Proposals<br>Dated:- 1-2-2024<br><br>'Citizen First' - Minimum Government and Maximum Governance Approach * "FDI now means 'First Develop India'". * Four groups - Garib, Mahilaye, Yuva and Annadatta (the poor, women, youth and farmers) - are a priority for the government. * Fina....
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....nce Minister Nirmala Sitharaman said benefits of Ayushman Bharat will be extended to all ASHA and Anganwadi workers. * Finance Minister said the government will help "deserving sections" of middle class to build their own houses. * A corpus of ₹ 1 lakh crore will be established with 50-year interest free loan to provide long term financing with long tenure with no or less inter....
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....est rates. * Roof-top solarization scheme - Solar panels rooftops to give 1 crore households 300 units of free electricity per month. * 'GDP' - Focus on more comprehensive 'Governance, Development, Performance'. * "Garib Ka Kalyan, Desh Ka Kalyan" - FM said the government has helped 25 crore people to get freedom from poverty in last 10 years. * Helping tribal gro....
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....ups who have remained outside domain of development. * Focusing on four major groups - Poor, Women, Youth and the farmers [Annadatta]. * No change is expected in tax rates for individual taxpayers opting for the regular tax regime. * Goods Service Tax (GST) has created 'one nation one market one tax'. * Any hesitant in opting for the new regime, to increase its acceptance, the go....
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....vernment may allow deductions under 80C in this regime. * No proposals to be made on tax rates - direct or indirect taxes including import duties. * Tax benefits for startups, investments made by sovereign wealth, pension funds to be extended to March 2025. * Government to promote private investment in post harvest activities. * Strengthening financial sector in terms of size, capacity, sk....
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....ills, regulatory framework, to meet Investment needs. * Empowering Women's participation in workforce - Making triple talaq illegal, reservation of 1/3 seats for women in Parliament and state assemblies, over 70 % houses under PM Awas Yojana to women.<br> Scholarly articles for knowledge sharing by authors, experts, professionals ....