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Budget 2024 Expectations Live: The International Monetary Fund (IMF) has raised its GDP growth forecast for India to 6.5% for the years 2024-25, which is 0.2 percentage points higher than its previous estimate. However, the new estimate still falls short of Indian authorities' expectations.
This is the 11th month in a row that the Goods and Services Tax mop-up has come in above the Rs 1.5-lakh-crore mark.
Call for setting up of fund of funds to mobilise capital from different sources to help meet the needs of the sector
The Finance Bill 2023 amendment had suddenly removed the capital gains tax and indexation benefits on debt mutual fund schemes. Experts say that that impacted the appeal of debt funds to an extent and wish for a roll-back
In interim budget 2024, there is a need to enhance digitalisation of tax return filing-linked procedures such as changing residency status, assessments and even alternative tax return verification systems linked to NRIs, say tax experts.