TaxTMI 
TaxTMI 
Budget Announcements 2024-25 - Quick go
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....udget Announcements 2024-25 - Quick go<br>By: - CSSwati Rawat<br>Budget - Tax Proposals<br>Dated:- 23-7-2024<br><br>Budget Announcements for Urban development: * Stamp Duty - Motivating states to lower stamp duties for properties purchased by women * Local/Street Markets - Visualizing a scheme to develop 100 weekly 'haats' or street food hubs in select cities * Transit Oriented Development -....
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.... Transit Oriented Development plans for 14 large cities with a population above 30 lakh * Water Management - Water supply improvement plans, sewage treatment and solid waste management projects and services for 100 large cities through lucarative projects Financial and Economic Proposals: * 20% TDS on repurchase by MF or UTI withdrawn. * Hike in STT on F&Os - Increase in the Securities ....
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....Transaction Tax (STT) on Futures and Options. The STT on futures will rise from 0.0125% to 0.02%, while the STT on options will increase from 0.0625% to 0.10%. * Long-term capital gains on all financial and non-financial assets will attract a tax rate of 12.5%. Additionally, the limit of exemption for capital gains will be set at Rs 1.25 lakh per year. * Proposal to increase the duty on pr....
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....inted circuit board assemblies (PCBA) for specific telecom equipment by 10 to 15%. * Reduce the Basic Customs Duty (BCD) on mobile phones, mobile PCDA (Printed Circuit Design Assembly), and mobile charges to 15%. * To enhance the benefits of GST Rationalize the tax structure. * NPS for minors - NPS Vatsalya programme is made available for parents to invest in on behalf of their childre....
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....n. * 12 industrial parks will be sanctioned. * Rs 26,000-cr to boost up road connectivity projects. * Increasing the participation of women in the workforce will be a priority. * Financial support for loans up to Rs 10 lakh for higher education. * Job creation in the manufacturing sector - Incentive scheme linked to the employment of first-time employees.<br> Scholarly articles....
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