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Budget 2024: Govt to receive Rs 1.02 lakh cr as dividend from RBI, PSBs in FY25

The government expects a dividend income of Rs 1.02 lakh crore from the RBI and public sector financial institutions in the next financial year. The current fiscal year is expected to see a higher dividend income of Rs 1.04 lakh crore compared to the Budget Estimate of Rs 48,000 crore. The government aims to reduce the fiscal deficit to below 4.5% by 2025-26 from 5.1% of GDP in 2024-25, and it expects higher dividends from banks and financial institutions, along with improved tax mobilisation, t...
Central Public Sector Enterprises Cpses Budget Estimate Central Public Sector Enterprises Budget 2024 Fiscal Deficit

Budget 2024 could expand AIS to include 6 more incomes of individuals

The government introduced the Annual Information Statement (AIS) in Budget 2021 to make it easier for individual taxpayers to check their financial information. However, there are areas to expand the AIS in Budget 2024, such as reporting rental income, interest on income tax refund among others. Expanding the AIS will enhance its utility for individuals and tax authorities.
Registrar Of Companies Annual Information Statement House Rent Allowance Tax Deducted Financial Transactions Income Tax Return

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