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Revenue secretary Tarun Bajaj reveals the reason why govt has not offered tax relief to individuals : Rashtra News #Revenue #secretary #Tarun #Bajaj #reveals #reason #govt #offered #tax #relief #individuals The government would see how it can bring about parity between the new exemption and old income tax regime for individuals to encourage more people ....
The government is confident of meeting the targets in the interim budget presented on Thursday. Finance Secretary TV Somanathan stated that the government capital expenditure continues to be high and expressed confidence in achieving the 5.1% fiscal deficit target in 2024-2025, with estimated revenue growth of 11.5% against GDP growth of 10.5%. The nature of public expenditure is unpredictable, but barring unforeseen events, the aggregate public expenditure is projected to remain unchanged, he added. ....
The government is confident of meeting the targets in the interim budget presented on Thursday, finance secretary TV Somanathan told Anuradha Shukla and Deepshikha Sikarawar in an interview. ....
"The details are being worked out. The only condition is the relief to a single taxpayer will not exceed ₹1 lakh. If an individual demand amount is limited to ₹25,000, the taxpayer can have more than one demand. But the total amount that will be withdrawn per individual will not exceed a lakh." ....
In India, declaring a 4-digit HSN code is mandatory on goods and services tax (GST) invoices by businesses with turnover up to Rs 5 crore and a 6-digit code on invoices by businesses with a turnover of more than Rs 5 crore ....