Budget Announcements 2024-25 - Quick go

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..... Budget Announcements 2024-25 - Quick go - By: - CSSwati Rawat - Budget - Tax Proposals - Dated:- 23-7-2024 - - Budget Announcements for Urban development: Stamp Duty - Motivating states to lower stamp duties for properties purchased by women Local/Street Markets - Visualizing a scheme to develop 100 weekly haats or street food hubs in select cities Transit Oriented Development - Transit Oriented .....

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..... Development plans for 14 large cities with a population above 30 lakh Water Management - Water supply improvement plans, sewage treatment and solid waste management projects and services for 100 large cities through lucarative projects Financial and Economic Proposals: 20% TDS on repurchase by MF or UTI withdrawn. Hike in STT on F Os - Increase in the Securities Transaction Tax (STT) on Futures a .....

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..... nd Options. The STT on futures will rise from 0.0125% to 0.02%, while the STT on options will increase from 0.0625% to 0.10%. Long-term capital gains on all financial and non-financial assets will attract a tax rate of 12.5%. Additionally, the limit of exemption for capital gains will be set at Rs 1.25 lakh per year. Proposal to increase the duty on printed circuit board assemblies (PCBA) for spec .....

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..... ific telecom equipment by 10 to 15%. Reduce the Basic Customs Duty (BCD) on mobile phones, mobile PCDA (Printed Circuit Design Assembly), and mobile charges to 15%. To enhance the benefits of GST Rationalize the tax structure. NPS for minors - NPS Vatsalya programme is made available for parents to invest in on behalf of their children. 12 industrial parks will be sanctioned. Rs 26,000-cr to boost .....

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..... up road connectivity projects. Increasing the participation of women in the workforce will be a priority. Financial support for loans up to Rs 10 lakh for higher education. Job creation in the manufacturing sector Incentive scheme linked to the employment of first-time employees. - - Scholarly articles for knowledge sharing authors experts professionals Tax Management India - taxmanagementindi .....

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..... a - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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