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Union Budget 2024 Decoding tax announcements
Explore Grant Thornton's insights on Union Budget 2024 tax announcements. Understand key highlights of tax changes impacting businesses and individuals.
Less than a minute | 23 Jul 2024
Budget 2024 | Why enhancing efficiency for business trusts is essential
Article Budget 2024 | Why enhancing efficiency for business trusts is essential
A taxation framework that encourages efficient fundraising, asset migration, and consolidation for Business Trusts is essential.
4 min read | 23 Jul 2024
What Budget 2024 can do to get foreign investors to bet on India
Article What Budget 2024 can do to get foreign investors to bet on India
The Union Budget 2024-25 is anticipated to drive economic growth and attract foreign investment, focusing on easing business regulations, enhancing the Production Linked Incentive scheme, and implementing significant tax reforms.
5 min read | 21 Jul 2024
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Article Budget expectations 2024 for Indian Asset Management industry
Over the past many years, the Government and the Regulators have been proactive to address all possible policy related issues for the domestic fund industry.
3 min read | 21 Jul 2024
Union Budget 2024 expectations: Building resilience for consumer industry
Article Union Budget 2024 expectations: Building resilience for consumer industry
Union Budget 2024 expectations: Building resilience for consumer industry
4 min read | 21 Jul 2024
Union Budget 2024 should address these critical government & public sector challenges, experts say
Article Union Budget 2024 should address these critical government & public sector challenges, experts say
As India anticipates its new budget announcement, there is a heightened sense of expectation, especially within the Government & Public Services (G&PS) sector.
3 min read | 20 Jul 2024
Union Budget 2024: Anticipated Boosts for EVs, Hybrids, and Flex-Fuel Technologies to Drive Sustainable Mobility
Article Union Budget 2024: Anticipated Boosts for EVs, Hybrids, and Flex-Fuel Technologies to Drive Sustainable Mobility
India's automotive industry saw robust growth in FY 2023-24, with passenger vehicle sales rising by 8% and electric vehicle sales jumping 42%. The upcoming Union budget can further support this momentum by incentivizing indigenous manufacturing, enhancing EV infrastructure, and promoting flex-fuel technology.
5 min read | 18 Jul 2024
Union Budget 2024: Clarity on ITC eligibility on sales promotion expenses pivotal
Article Union Budget 2024: Clarity on ITC eligibility on sales promotion expenses pivotal
Introduced to simplify India’s tax regime, the Goods and Services Tax (GST) promised a seamless flow of Input Tax Credit (ITC) to enhance efficiency and reduce the tax burden on businesses. However, India Inc. has been vocal about various challenges, seeking clarity and consistency in the GST provisions, particularly related to ITC.
3 min read | 17 Jul 2024
Union Budget: What lies ahead for Modi's flagship PLI scheme?
Article Union Budget: What lies ahead for Modi's flagship PLI scheme?
As India approaches the unveiling of its Budget 2024, the spotlight is firmly on the Production-Linked Incentive (PLI) schemes, which have been instrumental in revitalizing the manufacturing sector and strengthening supply chains.
3 min read | 15 Jul 2024
Budget expectations 2024 for Financial Services: Setting the tone for Kartavya Kaal from Amrit Kaal
Article Budget expectations 2024 for Financial Services: Setting the tone for Kartavya Kaal from Amrit Kaal
The country can do wonders if all relevant stakeholders come together to devise and build plans and strategies that benefit all.
3 min read | 15 Jul 2024
Union Budget: What lies ahead in Budget 2024 for indirect taxes?
Article Union Budget: What lies ahead in Budget 2024 for indirect taxes?
The budget is expected to focus on infrastructure, healthcare, education, job creation, and tax reliefs. Indirect taxation, including GST, will be a key area of scrutiny, with potential adjustments to customs duties and the introduction of production-linked incentive schemes.
3 min read | 13 Jul 2024
6 things salaried taxpayers want from Budget 2024: Hike in standard deduction, HRA exemption, work from home benefits and more
Article 6 things salaried taxpayers want from Budget 2024: Hike in standard deduction, HRA exemption, work from home benefits and more
As we approach the full budget of 2024 after the general elections, it presents the government with an excellent opportunity to refine the provisions of salary taxation to make it more effective and supportive of the salaried individuals and spur overall economic growth.
4 min read | 12 Jul 2024
Union Budget 2024-25: A new dawn for Customs reforms?
Article Union Budget 2024-25: A new dawn for Customs reforms?
Analyze the 2024-25 Union Budget customs reforms with Grant Thornton Bharat. Implications for India's trade and compliance strategies.
5 min read | 10 Jul 2024
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Article Overcoming GST hurdles: Key reforms to boost India's telecom industry
Inconsistencies between telecom regulations prescribed by the Telecom Regulatory Authority of India (TRAI) and GST provisions have exacerbated compliance complexities.
3 min read | 10 Jul 2024
New government, new budget priorities: Balancing growth and welfare
Article New government, new budget priorities: Balancing growth and welfare
With the celebration of democracy having reached its conclusion with the new government being set up after the world’s largest elections, the focus is back on perhaps the most important facet of policy making, the union budget.
3 min read | 09 Jul 2024
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Article Fiscal consolidation road map & interest rates – how will the balance be achieved between populism and pragmatism
Fiscal Consolidation: One of the key fundamental aspects underpinning fiscal responsibility is the political will towards maintaining a fiscal discipline.
4 min read | 08 Jul 2024
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