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Budget 2024

Economic Survey 2024 Live Updates: CEA advices FDI from China to boost exports

Economic Survey 2024 Live Updates: Finance Minister Nirmala Sitharaman presented the Economic Survey in Parliament today, July 22, one day before the Union Budget announcement scheduled for tomorrow.

10 min read10:03 PM IST
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Budget 2024: Govt proposes housing scheme for middle class, 2 crore rural houses to get backing

Wooing the middle class ahead of the upcoming general elections, Finance Minister Nirmala Sitharaman on Thursday announced that the government will launch a housing scheme for those who are living in rented accommodations or slums to buy or build their own houses

2 min read1 Feb 2024

FM gives a boost to homebuyers on a budget

The government will launch a housing scheme for people living in rented accommodation, slums or unauthorized colonies. The announcement is in line with the government’s ‘Housing for All’ mission

2 min read1 Feb 2024

Budget 2024: Some tinkering with standard deduction may happen, says Trupti Agrawal of WhiteOak Capital

Trupti Agrawal of WhiteOak Capital shares her views on the expectations from interim Budget 2024, India’s macro-economic environment, sectors that are likely to get a boost this year, and the need to overlook short-term market movement.

4 min read31 Jan 2024

Budget 2024 expectations: Perks for first-time homebuyers, tax sops, industry status top real estate players’ wish list

Real estate leaders seek increased tax slabs, revised affordability caps, and incentives in the upcoming budget. They also advocate for expanding the SWAMIH stress fund and reintroducing GST with an input tax credit, industry status, and perks for first-time homebuyers.

2 min read30 Jan 2024

Interim Budget 2024: Will FM address land acquisition hurdles and bureaucratic bottlenecks plaguing stalled projects?

Experts believe that the 2024 budget should implement digitized approval systems and transparency in departmental processes to ease blockades in the Indian real estate sector

1 min read30 Jan 2024

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ITR filing: Govt cautions against ‘fake news’ claiming extension of deadline

The I-T department informed that no extension has been granted and suggested that tax payers follow updates from the official website or portal of Income Tax department of India.

2 min read05:21 PM IST

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Income Tax

How to submit a condonation request for delay in ITR verification?

The deadline for filing income tax returns in India is typically July 31 each year for most individuals. There are repercussions for missing the verification deadline, even if you filed your return on time.

3 min read12:11 PM IST
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Budget 2024 Updates

Budget 2024 Date: Finance Minister Nirmala Sitharaman will present her seventh Budget on July 23. This will be the first Budget after the newly formed NDA coalition government in June 2024. Budget is a statement of the estimated receipts and expenditure of the government for the financial year. The theme for the interim budget presented in July was Viksit Bharat Budget 2024.

This budget is a major component of Modi 3.0 and the government’s mission for a developed India. The Budget presentation will be at 11 AM in the Lok Sabha. It will be broadcast on Doordarshan, Sansad TV and the government’s official YouTube channels.

The Economic Survey 2024 was presented by Finance Minister Nirmala Sitharaman in the Parliament on July 22. The survey is presented a day before the budget. The Economic Survey gave an overview of the Indian economy in the previous financial year with an outlook for future. The survey highlighted the resilience of the Indian economy despite global headwinds. "India’s real GDP grew by 8.2 per cent in FY24, posting growth of over 7 per cent for a third consecutive year, driven by stable consumption demand and steadily improving investment demand," said the survey.

Minister of Parliamentary Affairs, Kiren Rijiju, added on X, “Hon’ble President of India, on the recommendation of Government of India, has approved the proposal for summoning of both the Houses of Parliament for the Budget Session, 2024 from 22nd July, 2024 to 12 August, 2024 (Subject to exigencies of Parliamentary Business). Union Budget, 2024-25 will be presented in Lok Sabha on 23 July, 2024."

This budget is important for Amrit Kaal, Prime Minister Narendra Modi said ahead of the Parliament budget session.

The opportunity of five years that we have, this budget will decide the direction and lay foundation for fulfilling the dream of Viksit Bharat in 2047, he said.

Budget 2024 expectations

In her recent address President Droupadi Murmu had shared her vision for the budget and the economic aspect of the country. She said, "This budget will be an effective document of the government’s far-reaching policies and futuristic vision". "Along with major economic and social decisions, many historic steps will also be seen in this budget." This indicates to the country that large steps are going to be taken to achieve the government’s plan. Expected reforms in the Budget include changes in taxation and exemptions in personal income tax. Further, the government is expected to continue with capex boost in infrastructure.

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