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Business News/Budget/ News

Budget News

Mint: Your #1 Source for Union Budget Coverage

Mint: Your #1 Source for Union Budget Coverage

1 min read . 30 Jul 2024

The Income Tax Act, formed in 1922, contains 298 sections, 23 chapters and other provisions in its current form of 1961.

Budget 2024: CBDT chairman says review to make ‘bulky’ Income Tax Act ‘simpler’

1 min read . 25 Jul 2024

The obligation to actually report a transaction has not been done away, which means the penalty has been removed while the obligations have not. Photo: Mint

Amendments in Black Money Act to remove penalty on undisclosed foreign assets

1 min read . 25 Jul 2024

Budget 2024: ‘I want to relieve middle class, but I have limitations too,’ says Finance Minister Nirmala Sitharaman

‘I want to relieve middle class, but I have limitations too,’ says FM

2 min read . 25 Jul 2024

Budget 2024: Finance Minister proposes amendment to Income Tax Act, black money act to be included for tax clearance

Budget 2024: Strict norms to obtain clearance certificate for leaving India

1 min read . 25 Jul 2024

Critical minerals are crucial for the world to achieve its energy and climate goals. (File Photo: AP)

Budget 2024: Critical minerals push key to cross-industry value addition

3 min read . 24 Jul 2024

Union Budget 2024: The Income Tax Department refuted claims that the new budget proposal would result in significantly higher taxes on profits from selling real estate. (HT_PRINT)

Govt has no plan to reconsider real estate LTCG tax changes, says report

1 min read . 24 Jul 2024

Budget 2024: N. Chandrababu Naidu lauds special financial package of ₹15,000 crore for Andhra Pradesh's development (ANI)

Budget 2024: Chandrababu Naidu hails Centre's financial help of ₹15k crore to AP

2 min read . 24 Jul 2024

With Union Finance Minister Nirmala Sitharaman on Tuesday announcing that that angel tax will be abolished for all investors in the Union budget, the venture investors hailed the proposed abolition of the decade-old tar regime as “a huge reform”.

Budget 2024: Venture investors call abolition of angel tax a ‘huge reform’

2 min read . 24 Jul 2024

The time limit for reassessing ITRs for unreported incomes over ₹50 lakh has been capped at five years from 10 years. (Istockphoto)

Budget 2024: Compliance relief for ITR reassessments, foreign assets

3 min read . 24 Jul 2024

India already has taken up a diversified approach and along with the target to achieve 500 GW of installed non-fossil power capacity by 2030, the government also plans to add about 80 GW of coal-based power generation capacity by 2032, in a bid to meet the near-term surge in demand and provide stability to the grid.

Budget announces new policy for energy transition pathways, climate taxonomy

5 min read . 23 Jul 2024

The budget comes amid a decline in private consumption expenditure.

For India's consumer economy, budget gives a big boost

4 min read . 23 Jul 2024

Budget 2024: Ola CEO Bhavish Aggarwal says critical Mineral Mission to be game changer’.

Budget 2024: Bhavish Aggarwal says ‘Critical Mineral Mission to be game changer’

1 min read . 23 Jul 2024

LTCG tax rate is lowered but indexation benefits have been removed. Should taxpayers be happy? (PTI)

Indexation benefits for property sales eliminated. How does it impact you?

4 min read . 24 Jul 2024

Union finance minister Nirmala Sitharaman said the government will establish additional tribunals. (Mint)

Budget 2024: Govt announces measures to speed up insolvency resolution

2 min read . 23 Jul 2024

JD(U) chief Nitish Kumar and Telugu Desam Party (TDP) chief N. Chandrababu Naidu in the NDA Parliamentary Party meeting in New Delhi. (ANI)

The good allies: Bihar gets ₹47,400 cr for infra; AP ₹15,000 cr for capital

3 min read . 23 Jul 2024

109 high-yielding and climate-resilient varieties of 32 crops will be released for cultivation. (Arun Dev Jasrotia )

Budget 2024: Top priority to crop productivity and climate resilience

4 min read . 24 Jul 2024

Budget 2024: Modi govt proposes a unique identification number for all rural land parcels, called “Bhu-Aadhaar,”

Budget 2024: Govt proposes ‘Bhu-Aadhaar’ for rural land parcels; details here

1 min read . 23 Jul 2024

A farm labourer cleans roots of rice saplings as he prepares to plant them in a field on the outskirts of Ahmedabad. (REUTERS)

Budget 2024: Land and labour the focus of next generation of reforms

5 min read . 23 Jul 2024

The withdrawal of indexation benefit is likely to impact real estate investors the most.

Budget 2024: What changes in capital gains tax mean for investors

2 min read . 23 Jul 2024

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