Tag: BUDGET 2023

Angel tax is a prime example of how even well-intentioned actions can backfire. The difference between the issue price of unlisted securities and their fair market value (FMV), which must be calculated by a merchant banker using either the book value technique or discounted cash flow …

A fund Will Be Treated As A Corpus Only If Followed By A Specific Written Direction Of The Donor. In The Absence Of A Written Direction Of The Donor, A Contribution Or Grant Cannot Be Transferred. Still, The Corpus Fund Is A Closed Fund With No …

Union Finance Minister Nirmala Sitharaman on Wednesday presented the Union Budget for the fiscal year beginning 1 April.As proposed by the finance minister in the Union Budget for 2023-24, a large number of commonly used items like kitchen electric chimneys will become more expensive. Here’s is …

Finance Minister Nirmala Sitharaman announced an increase in the income tax rebate limit from Rs 5 lakh to Rs 7 lakh under the new tax regime. She added that while the new tax regime would be the default, taxpayers could opt for the old one. The …

Seven priorities of the budget Inclusive development Reaching the last mile Infra & investment Unleashing the potential Green growth Youth power Financial sector FY-2024 fiscal deficit target at 5.9% of GDP. Outlay for capital spending increased 33% to 10 trillion rupees in 2023/24. Cigarettes to get …

Publicans have called on the Government to extend the current 9 per cent VAT rate for tourism and hospitality beyond February, and provide energy supports in Budget 2023. Licensed Vintners Association (LVA) chair Alison Kealy told BreakingNews.ie that a lot of publicans have seen their energy …