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    • Budget 2024-25 should increase health insurance benefits under Section 80D, say experts

      The deduction under Section 80D for health insurance was last increased from Rs 15,000 to Rs 25,000 in Budget 2015. Over the past nine years, there has been no further change in this limit, even as health insurance premiums have risen significantly during this period.

    • Union Budget 2024: Needed, measures to reform indirect tax framework

      A mix of compliance reforms, expansion of existing schemes, imparting clarity to old announcements and digitalisation of administration will be transformative 

    • Union Budget 2024: Chris Wood downplays capital gains tax fears, warns of market impact

      Wood drew parallels with global practices, noting that jurisdictions like Hong Kong operate without capital gains taxes, which he believes could stimulate greater investment and market expansion if adopted in India.

    • Centre looking at uniformity in capital gains tax for real estate: Report

      The proposal also includes potential concessions for senior citizens, increased thresholds for ancestral property gains or exemptions for proceeds used in medical expenses and geriatric care

    • 69% CEOs say govt should focus on tax simplification, energy reforms under Modi 3.0: MC Survey

      The Moneycontrol-Deloitte CEO survey asked 78 CEOs across industries on their assessment of the reform agenda of the newly elected government. On being asked which reforms should be the government’s top priority to boost growth, 37 percent CEOs felt that investment and trade reforms, higher exports and foreign investments should be on focus

    • MC-Deloitte CEO Survey: Simpler tax regimes, compliances to improve ease-of-doing-business in India

      The survey shows a significant interest in enhancing digitisation efforts and implementing an online single-window system to streamline clearances and integrate business procedures

    • Budget 2024: Optimistic on fiscal outlook, foresees potential tax incentives, says Soumya Kanti Ghosh

      Soumya Kanti Ghosh indicated that tax incentives could be on the horizon to stimulate consumer spending, alongside anticipated adjustments in agriculture and rural sectors.

    • Budget 2024: Government may bring overseas credit card spend above Rs 7 lakh under 20% TCS

      Currently, spends via debit cards, forex cards, or any other payment mode attract 20 percent TCS once they cross the Rs 7 lakh per person per financial year limit, but those via credit cards are exempt.

    • Budget 2024 to backstop an already compelling story, says Radhika Rao of DBS

      Union Budget 2024: A good balance between supply-side investments and boosting demand will ensure a more inclusive as well as widening growth and development agenda.

    • Will Section 80C deduction limit be hiked in Budget 2024?

      Budget 2024-25: Section 80C tax deduction limit was last hiked in 2014 after the NDA government came to power. The subsequent move towards the new income-tax regime have resulted in Section80C limits remaining static for years. Some tax experts believe that the recent election results might just nudge the government to take a re-look.

    • Global minimum tax legislation likely to be proposed on July 23

      Budget 2024 Expectations Highlights: The global minimum tax legislation, also known as Pillar Two regime, is likely to be included in the upcoming Budget 2024 to prevent MNEs from shifting profits to low-tax jurisdictions by ensuring a minimum effective tax rate of 15 percent across all countries where they operate

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