BUDGET 2025 DATE
Revamped Central KYC system to be launched: Expected to ease KYC for investors
Central KYC: The government has announced that the central KYC registry is set to be revamped in 2025. Central KYC Records Registry said in an official communique dated October 17, 2024, “To enhance data security, the KYC Identifier shall now only be available to registered reporting entities (REs) when the KYC record is successfully downloaded from CKYCRR using an authentication factor
Budget 2025 full speech: Read FM Nirmala Sitharaman's Union Budget address here
Budget 2025 Download full speech: The 2025-26 Budget introduces measures to accelerate growth, ensure inclusive development, and boost private sector investments. Key proposals include enhancing agricultural productivity, supporting MSMEs, and stimulating employment. Tax reforms and incentives for investment and innovation aim to foster economic resilience and support India's path toward becoming a Viksit Bharat.
Now no more prosecution for delayed payment of TCS if its paid by this date: Budget 2025
Budget 2025: Now the Income Tax Department will not prosecute taxpayers who failed to deposit the collected TCS if the taxpayers pays the TCS amount before filing the TCS return. It is proposed to amend section 276BB of the Act to provide that the prosecution shall not be instituted against a person covered under the said section.
Budget 2025: Nirmala Sitharaman makes history with eighth consecutive budget
Budget 2025: Finance Minister Nirmala Sitharaman has made history with her eighth consecutive Union Budget presentation, setting a new record. As India navigates an economic slowdown, her steadfast tenure brings her closer to the record of 10 budgets set by former Prime Minister Morarji Desai. The article highlights key milestones, including the evolution of budget dates and timings, the longest and shortest speeches, and significant figures in India’s budget history.
Budget 2025 time, live streaming: When and where to watch FM Nirmala Sitharaman's Budget speech
Finance Minister Nirmala Sitharaman will present the Union Budget for the financial year 2025-26 on February 1, 2025. This will be her eighth budget speech in Parliament. The speech will be aired live on Sansad TV, DD News, and their respective YouTube channels. The Hindu will provide live blogs and comprehensive coverage.
Budget 2025 Time: Where to watch Nirmala Sitharama's speech live
Budget 2025 Live streaming: Finance Minister Nirmala Sitharaman is set to present the Union Budget for FY 2025-26 on February 1, 2025. This will be her eighth Budget presentation and the second under the NDA 3.0 government. The session includes live broadcasts on Sansad TV and DD News.
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Budget 2025: Will ITC shares Budget day winning streak survive tax hike uncertainty?
ITC shares have historically performed well on Budget days, but traders are cautious this year due to potential excise duty hikes on cigarettes. Previous Budget days saw ITC stock gains, with a notable exception in 2020. The brokerage Nuvama anticipates a minor hike, projecting growth for ITC’s cigarette segment despite regulatory challenges.
NRIs selling property in India face a maze of income tax, TDS rules: Simplification urged in Budget 2025
Non-resident property transactions in India face compliance challenges, including obtaining TAN, depositing TDS, and filing e-TDS returns. It is hoped that Budget 2025 simplifies these processes and enables overseas bank payments to ease the compliance burden for buyers and sellers, fostering smoother cross-border property deals.
5 income tax reliefs that professionals, small businesses expect in Budget 2025
As of January 2025, the number of MSMEs registered on the Udyam portal has reached 5,84,06,752. MSMEs play a pivotal role in economic growth and employment. Therefore, to further boost small and medium businesses in India, the government should consider rationalising certain income-tax provisions for MSMEs and professionals in Budget 2025.
Income tax deductions are not inflation linked, hitting taxpayers harder: Budget 2025 needs to hike these
Since its introduction, the government has actively promoted the new tax regime, citing its reduced compliance burden for both taxpayers and authorities. Tax slabs and rates under the new regime have been refined to enhance its appeal. However, is the recalibration of the new tax regime and the reduction in tax rates effectively countering annual inflation?
When is India Budget 2025? How you can watch in US, UK, and Canada?
India is set to get its new budget for the upcoming financial year. Here’s where you can watch it live on TV and streaming.
New 25% tax rate for middle class, no tax on income up to Rs 8 lakh expected in Budget 2025
The Government's endeavour has been to promote the new tax regime, and personal tax changes in the last few Budgets have been made only for the individuals opting for new tax regime. Almost 72% of taxpayers opted for the new tax regime while filing tax returns for fiscal year 2023-24.
Income tax appeal resolution typical time 15-20 years: Steps to cut appeal pendency urged in Budget 2025
India has an extensive tax appeals system that starts from the Commissioner of Income Tax Appeals to the Supreme Court. However, India's tax litigation numbers, pendency, and resolution time are significantly high.
Income tax return filing deadline of July 31 needs to be extended: Will Budget 2025 provide this tax relief to salaried, other taxpayers?
Changes were made in the July Budget to reduce the complexity of the capital gains tax calculations and give some income tax relief to salaried individuals. In addition to individual taxpayers' expectations for tax breaks, there has been a long-standing ask for sufficient time after the financial year-end to complete income tax return filings.
Income tax relief on Capital Gains Deposit Scheme: Can Budget 2025 offer clarity to taxpayers to easily claim exemption on LTCG of house sale?
Taxpayers should remember that tax-saving exemptions on capital gains are available on long-term capital gains (LTCG) only. No exemptions are available if the capital gains are short-term in nature.
Will Budget 2025 give any income tax relief under old tax regime?
In 2020, the finance minister unveiled the new tax regime, which offered taxpayers the option to pay lower tax but forego most deductions and exemptions typically available for salaried taxpayers. The objective of the new regime was to reduce administrative hassles for employers and employees on the collation and verification of claims made related to deductions and exemptions, and to simplify the income tax return filing process.
Will Budget 2025 announce closure date of old tax regime under Income Tax Act?
Many tax experts expect changes in the income tax slabs under the new tax regime in Budget 2025. This is because the government, since the announcement of the new tax regime in Budget 2020, has made changes in the new tax regime only. No changes have been made to the old tax regime.
The Budget Builders: Meet the people shaping India's Union Budget this year
Finance Minister Nirmala Sitharaman prepares to present her eighth budget on February 1, aiming to boost growth and balance competing demands. Key officials shaping the budget include Finance Secretary Tuhin Kanta Pandey, Chief Economic Adviser V. Anantha Nageswaran, and Expenditure Secretary Manoj Govil, focusing on fiscal consolidation, subsidy rationalization, and reforms to spur economic growth and stability.
Women, youth, farmers and poor can continue to be Budget 2025's ‘roti, kapda aur makan’
Union Budget 2025: Finance Minister Nirmala Sitharaman faces challenges in Budget 2025-26 while continuing to focus on infrastructure, fiscal prudence, and welfare schemes for women, youth, farmers, and the underprivileged. Increased funding for programs like PM-Kisan, Mudra Yojana, and Garib Kalyan Yojana is anticipated to drive inclusive growth amid global economic uncertainties and fiscal constraints.
Income tax expectations from Budget 2025: Simplify income tax slabs, cut income tax rates, clarify residency laws, allow income tax refunds to overseas bank account
Changes introduced in the Union Budget 2024-25 indicate the Government's commitment to simplify the tax system, enhance compliance and promote financial stability towards the goal of Viksit Bharat.
Union Budget 2025: Finance Ministry to hold Halwa ceremony today; Here is everything you need to know about it
Budget Halwa Ceremony: Union Finance Minister Nirmala Sitharaman will attend the Halwa ceremony on Friday in North Block, marking the final stage of the Union Budget 2025-26 preparation process. The traditional Halwa ceremony occurs annually, five days before the budget presentation, to serve halwa to officials involved in budget preparations. The Union Budget will be presented on February 1.
Will the government announce any tax benefits in NPS Vatsalya in Union Budget 2025?
Union Budget 2025: NPS Vatsalya is an initiative aimed at helping parents plan for their children's financial security. However, there is no clarity on tax benefits on investments under the new scheme. With Budget 2025 just around the corner, will the government announce any tax benefits to incentivise parents to invest in NPS Vatsalya?
60 TDS rules with 10 TDS rates make life difficult for taxpayers: Can Budget 2025 cut TDS rates to 3?
Budget 2025: The Union Budget 2025 presents a crucial opportunity to streamline and simplify TDS and TCS rules, enhancing clarity, reducing disputes, and fostering a more business-friendly environment. Let's understand some key changes the Government should consider streamlining the TDS provisions in Budget 2025.
Income tax on Bitcoins: Will Budget 2025 hike tax on Bitcoin ETF to flat 30% from 12.5% currently?
A crucial question regarding tax implications arises for an Indian resident investing in Bitcoin ETFs in the US market. The issue is whether the capital gains arising from the sale of Bitcoin ETFs should be subject to taxation under Section 115BBH, Section 50AA, or Section 112 of the Indian Income Tax Act, 1961.
Income tax payers wishlist for Budget 2025: More benefits in new tax regime, higher HRA, other reliefs in old tax regime
Union Budget 2025: With the Budget scheduled to be released on Feb 1, 2025 and the new tax regime being the focus of the government, major changes in the old tax regime are unlikely. However, if the old tax regime continues for a few years as an alternate regime, a few important changes that have been on the taxpayers' wishlist for a few years, could be addressed.
Budget 2025: Sitharaman has one job to do, and it’s the most crucial one
India faces a critical challenge with rising unemployment, as it experiences its slowest growth in four years. As Finance Minister Nirmala Sitharaman prepares to present the Union Budget, addressing job creation must take priority. Despite efforts, India struggles to generate quality employment for its young population, risking turning its demographic dividend into a disaster.
Union Budget: Will Modi govt have something special for Nitish Kumar’s Bihar?
Budget 2025: Bihar CM Nitish Kumar aligns firmly with PM Modi, anticipating significant Union Budget allocations for state development. Key demands include high dams, flood management, infrastructure advancements, solar parks, nuclear energy projects, high-speed corridors, and airport upgrades. Last year’s budget secured major projects and substantial funds for Bihar’s progress.
Budget 2025 should focus on increasing Capex, checking fiscal deficit & reducing debt to GDP: EY India
Emphasis on fiscal consolidation, tax system simplification, and investment-driven growth, in the Budget 2025 will lay a solid foundation for sustained economic development in India, asserted global consulting and professional services firm Ernst & Young India.
Budget 2025 date and time: When will Finance Minister Nirmala Sitharaman present India's Union Budget this year?
Finance Minister Nirmala Sitharaman is expected to present the Union Budget 2025 on Saturday, February 1, at 11 AM, though official confirmation is pending. Traditionally presented on February 1 since 2017, this date aligns the budget with the financial year starting in April. The stock market will remain open on February 1, allowing investors timely access and reactions to the announcements, with trading hours following regular timings.
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