Union Finance Minister Nirmala Sitharaman tabled the Interim Budget 2024 on Thursday, February 1, 2024 with a focus on promoting inclusivity and sustainability. Providing you the key highlights of the budget that are aimed at creating opportunities and improving productivity across the nation: It is to be noted that, this was an interim budget withContinue reading “Interim Budget 2024: A focus on promoting inclusivity and sustainability | taxavk | Chartered Accountants”
Tag Archives: India
Unveiling the Expectations and Hopes for India’s Budget 2024 | taxavk
Finance Minister Niramala Sitharaman will announce the last Budget of the Modi 2.0 government on Thursday, February 1, 2024, as India prepares to hold the Lok Sabha election in April-May. With just a couple of days left for the announcement, we bring to you the key expectations from the interim budget 2024: -> Focus onContinue reading “Unveiling the Expectations and Hopes for India’s Budget 2024 | taxavk”
Jai Shri Ram
Celebrating the monumental milestone of unity and faith with the historic Ram Mandir. A testament to our shared cultural heritage and the spirit of togetherness. Let’s join hearts in prayer for peace, harmony, and blessings for all. May the sacred vibes of this auspicious moment resonate within us and lead us towards a path ofContinue reading “Jai Shri Ram”
GIFT City Update | taxavk
In a notification released by the center, the tax exemptions as per the income tax department were announced for investments by a non-resident in a financial product offered by the capital market intermediary in the International Financial Services Centre (IFSC) in a move to make IFSC a profit-making investment destination.
Record number of ITRs filed | taxavk
Income Tax Return As per reports, a total of 7.85 Crore Income Tax Returns (ITRs) were filed in FY 23-24 for all AYs up to 31st October 2023 which is the all-time highest. Further, more than 7.65 crore ITRs were filed (out of which more than 7.51 crore ITRs were already verified) for AY 2023-24Continue reading “Record number of ITRs filed | taxavk”
CA’s should adopt CSR, Carbon, and ESG practices: FM Nirmala Sitharaman | taxavk
With the changing global requirements and a shift towards sustainability, India’s Finance minister Nirmala Sitharaman has urged Chartered Accountants (CAs) in the country to acquaint themselves with new-age concepts and areas of Accounting and Compliance including Corporate Social Responsibility (CSR), Carbon Accounting. Further, she requested CAs to have due diligence to Environmental, Social, and GovernanceContinue reading “CA’s should adopt CSR, Carbon, and ESG practices: FM Nirmala Sitharaman | taxavk”
Key Takeaways from Budget 2023-24 | taxavk
Personal Tax Refer to table below to get the actual impact picture as per analysis as on date fromvarious sources and govt budget documents . This may change based on ongoinginterpretations The following Calculations are based on the assumptions:Section 80C benefit of Rs 1.50 lacs taken in Old RegimeStandard Deduction benefit Of Rs 50000/- takenContinue reading “Key Takeaways from Budget 2023-24 | taxavk”
Kapoor Kumar & Associates (taxavk) 