News

Non-extension of 15 per cent tax for new manufacturing units may discourage fresh investments

Industry leaders and leading tax consultants have expressed surprise over non-extension of the sunset date of the concessional tax rate of 15% on new manufacturing units beyond March 31, 2024 in the interim Budget, as this may discourage fresh private investments, say experts.

Publication Date: 02-02-2024 Publisher: msn

Budget 2024: What CEOs of MakeMyTrip, NetApp India, TECNO Mobile and others have to say

We acknowledge, with satisfaction, the government's sustained focus on travel and tourism as reaffirmed in the interim budget. The commitment to bolster domestic tourism through initiatives spanning rail and air travel, coupled with the ongoing emphasis on tourism-led destinations, particularly in the realm of island tourism and spiritual tourism, reflects a strategic vision for the long-term growth of the T&T sector.

Publication Date: 02-02-2024 Publisher: indiatimes

Budget 2024: Post Budget Reactions from Tech Experts https://www.thehansindia.com/technology/tech-news/budget-2024-post-budget-reactions-from-tech-experts-855719

Today, on February 1, Finance Minister Nirmala Sitharaman presented the Interim Budget 2024 in Parliament. Notably, this interim budget precedes a comprehensive budget set to be revealed after the conclusion of general elections by the new government. The Finance Minister unveiled a series of noteworthy technological reforms, delivering the budget in a paperless format using a digital tablet in a red 'bahi khata' adorned with the national emblem. Despite heightened expectations from industry experts regarding artificial intelligence (AI) announcements, none materialized. Explore the views of tech experts from top technology companies.

Publication Date: 02-02-2024 Publisher: thehansindia

Budget 2024: This Is What India’s Leading Entrepreneurs, Celebrities & Business Legends Expect & Hope – Trak.in

Under the leadership of Finance Minister Nirmala Sitharaman, it’s expected that the Govt will announce an interim budget, since it will be happening just before the elections. The key question looms: will Finance Minister Nirmala Sitharaman unveil significant relief measures for income tax payers and salaried individuals? Speculations abound regarding potential revisions to income tax slab rates for FY 2025, impacting both the old and the new income tax regimes. Will there be efforts to enhance the attractiveness of the new income tax regime for taxpayers?

Publication Date: 01-02-2024 Publisher: businessfortnight

Budget 2024: This Is What India's Leading Entrepreneurs, Celebrities & Business Legends Expect & Hope

“In the upcoming budget, we anticipate a continued emphasis on supporting MSMEs in India, building upon the momentum initiated last year. Concerted efforts to include all MSMEs on Udyam will be crucial, enabling them to access government schemes, incentives, and formal credit channels. In 2023, the CGTMSE cap saw an upward revision, bringing more businesses into the fold of formal financial services.

Publication Date: 01-02-2024 Publisher: trak

Budget 2024 Live: Nirmala Sitharaman arrives at the Parliament

Budget 2024 Speech Live, Nirmala Sitharaman Union Budget 2024 Announcements Live Updates: Finance Minister Nirmala Sitharaman is set to present the Interim Budget 2024 at 11:00 am. The FM was seen flashing the ‘bahi khata’ folder outside the Parliament and the Ministry of Finance.

Publication Date: 01-02-2024 Publisher: financialexpress

Key Expectations of Indian Tech Players from Union Budget 2024-25

As the much awaited Union Budget approaches, the Indian IT industry remains optimistic about the potential for substantial growth through strategic financial policies. Stakeholders in the IT industry are eagerly hoping for Finance Minister Ms. Nirmala Sitharaman to unveil policies that will propel the industry forward in the upcoming fiscal year. Expectations are high, with industry leaders anticipating measures that would boost industry growth.

Publication Date: 01-02-2024 Publisher: digitalterminal

Union Budget 2024: Consumer Sector’s Wishlist For India’s Interim Budget 2024

As the Union Budget 2024 looms on the horizon, leaders from various consumer sectors are articulating their expectations, underscoring the influential role it plays in shaping India’s economic trajectory.

Publication Date: 01-02-2024 Publisher: techgraph

Budget 2024 Expectations: Consumer durable cos hope for higher infra spend, measures to boost consumption

Avneet Singh Marwah, CEO, Super Plastronics Pvt Ltd-The next financial budgets are crucial to maintaining India’s standing as the 5th largest economy in the world. India contributes $3.4 trillion to the $104 trillion global economy and has the highest young population. To fully realize this potential, the government ought to support consumption.

Publication Date: 01-02-2024 Publisher: financialexpress

Industry Leaders Expectations for Union Budget 2024-25

As the nation awaits the Interim Budget 2024 on February 1,the nation looks forward to the Union Budget 2024-25 with expectations of strategic measures that drive economic growth, innovation, and resilience. The upcoming budget holds the key to shaping a path toward prosperity and progress for our nation in the fiscal year ahead. Prominent industry leaders voice their expectations for the Union Budget 2024-25.

Publication Date: 25-01-2024 Publisher: mobilityindia

Budget 2024 Highlights: Tax cuts, jobs, and reforms; Here's what India wants from Nirmala Sitharaman on Feb 1

Budget 2024 Highlights: Prior to the Interim Budget, ET Online conducted a survey to address critical questions facing the Indian economy. Contrary to widespread speculations suggesting the government might use this opportunity as a vote-catcher in light of the upcoming national elections, only 18.5% of our survey participants anticipate populist announcements on budget day. The majority, comprising over 49%

Publication Date: 25-01-2024 Publisher: ET Online

15 per cent corporate tax for new units may stay beyond March

While the interim Budget on February 1 may steer clear of any major changes in the tax policy, it will likely extend the sunset clause for the concessional 15% corporate tax rate for new manufacturing units beyond March 2024, sources privy to the matter said.

Publication Date: 16-01-2024 Publisher: financialexpress