Budget 2023 is expected to spend more on rural infrastructure along with increased spending on agriculture and jobs guarantee as the government heads to general elections in 2024. Read More
Tag: fiscal
Budget to focus on fiscal rectitude, prudent spending
No mega consumption booster on the cards. Read More
Govt to release today India’s economic growth forecast for this fiscal year, weeks ahead of Budget announcements
The first advance estimates are early forecasts and they usually undergo revisions as more data become available. However, the growth projections will come weeks ahead of the Budget 2023 announcement that is scheduled for February 1. The estimates from the National Statistic Office is a key consideration for the policy proposals that Finance Minister Nirmala… Continue reading Govt to release today India’s economic growth forecast for this fiscal year, weeks ahead of Budget announcements
Buoyant tax collections cushion Govt on fiscal front, ITR reforms likely next year
Going forward, the government may also look at stricter tax deduction norms for e-commerce and online service providers, besides online gaming. Read More
Union Budget 2023: Buoyant tax collections cushion Govt on fiscal front, Income Tax Return reforms likely next year
In the longer run, the government wants to do away with the complex old tax regime by establishing a new system, devoid of exemptions and deductions. Moving in that direction the government in Union Budget 2020-21 gave option to taxpayers to choose between the old regime with various deductions and exemptions and the new tax… Continue reading Union Budget 2023: Buoyant tax collections cushion Govt on fiscal front, Income Tax Return reforms likely next year