Page 6 of Budget 2023

Budget tax proposal may hit investor returns in REITs

However, for repayment of loan, there is no specific proposal to reduce the original loan being allowed as a deduction.

February 3, 2023 04:10 IST

Budget FY24 achieved the impossible trinity of pushing growth, staying fiscally prudent, while giving everybody a little something without being…

Updated: February 3, 2023 08:03 IST

Luxury realty deals by HNIs may slow down after Budget decision

The share of the affordable segment in annual sales in 2022 has declined compared to the previous year, according to…

February 3, 2023 03:30 IST

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‘Enough fiscal cushion in Budget to deal with external shocks’

The government will also continue with the windfall taxes fuel products to deal with unfavourable fiscal conditions if crude prices…

February 3, 2023 03:00 IST

Key tax refund scheme outlay hiked 10% for FY24

FE had first reported on a possible 10% hike in the RoDTEP allocation for FY24 on December 8.

February 3, 2023 02:50 IST

Modi govt moots plan to cut fertiliser use

Finance minister Nirmala Sitharaman in her Budget speech on Wednesday had referred to the programme as PM-Pranam, called Prime Minister…

February 3, 2023 02:40 IST

Budget 2023: Googly on capital gains leaves experts stumped, HNIs sweat

MLDs differ from regular non-convertible debentures or NCDs, which come with regular interest payouts, as investors get their returns only…

February 3, 2023 02:30 IST

Budget 2023: Tax exemptions not only way to incentivise savings

The government’s intent is to move towards an exemption-less direct tax regime. And this is true for both corporate and…

Updated: February 3, 2023 02:55 IST

Fiscal deficit target will be tough to meet: Analysts

The Centre has budgeted to trim its fiscal deficit to 5.9% of nominal GDP from 6.4% (revised estimate) for FY23.

February 3, 2023 02:10 IST

Life insurers to see drop in high-ticket non-par product sales

According to them, the introduction of the new taxation is aimed at disincentivising insurance purchase motivated by tax exemptions.

February 3, 2023 02:05 IST

Tax Talk: High premium policies won’t attract wealthy taxpayers now

The Budget proposals seek to curb the exemption benefit on high premium investment policies under the garb of insurance.

Updated: February 3, 2023 02:52 IST

Budget 2023: Taxpayers with higher income stand to benefit more from old regime

The new tax regime was inserted in the Finance Act, 2020

February 3, 2023 01:50 IST

Budget 2023: Industry hails push for gas-based economy

According to the Budget announcement, 200 compressed biogas plants, including 75 in urban areas, and 300 cluster-based plants will be…

February 3, 2023 01:20 IST

Budget 2023: Average income taxpayer will find sweetened regime attractive

CBDT working on common ITR, to work on backend support.

Updated: February 3, 2023 02:49 IST

“All stakeholders need to internalise privatisation concept”

Even though the new Public Sector Enterprises (PSE) policy unveiled in 2021 created a large pool of PSEs in both…

Updated: February 3, 2023 02:46 IST

Budget 2023: A perfect blueprint for India@100

From an incentive perspective, IFSC centres have also been incentivised by allowing exemption on the distribution of income.

February 3, 2023 00:05 IST

Govt wants to eventually move to exemption-free I-T regime with lower taxes: Revenue Secy

Under the revamped new tax regime, no tax would be levied for income up to Rs 3 lakh.

February 2, 2023 19:34 IST

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Budget 2023: No major announcements on health front; Allocations increase by 12 per cent

Union Budget 2023: For the upcoming financial year, Rs 86,175 crore has been allocated to the department of health and…

February 2, 2023 18:25 IST

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350 kgs of explosives, timers seized near Delhi; arrested Kashmiri doctor gave info

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Jammu and Kashmir police recovered 350 kgs of explosives, an AK-47, and a large cache of ammunition from a hospital in Faridabad, Delhi-NCR. The seizure was made after arresting a Kashmiri doctor who supported a terror outfit. Police are interrogating the doctor and another hospital employee for their involvement in storing and facilitating weapons. An investigation is underway.

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