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Explore insights on Grant Thornton Bharat comparative analysis of India's LTCG rates alongside UA, Singapore, China & the USA. Read now.
Grant Thornton Bharat outlines the Budget 2024 for Individual taxpayers. Find out Income tax changes in budget 2024 and analysis.
With the objective of ease of doing business and in line with recent Goods and Services Tax (GST) council recommendations, various proposals have been introduced under GST
Income tax changes in Budget 2024: On the personal income-tax front, the tax slab rates have been rationalised only under the new tax regime
Explore Grant Thornton's insights on Union Budget 2024 tax announcements. Understand key highlights of tax changes impacting businesses and individuals.
A taxation framework that encourages efficient fundraising, asset migration, and consolidation for Business Trusts is essential.
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.
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.
Union Budget 2024 expectations: Building resilience for consumer industry
As India anticipates its new budget announcement, there is a heightened sense of expectation, especially within the Government & Public Services (G&PS) sector.
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.
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.
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.
The country can do wonders if all relevant stakeholders come together to devise and build plans and strategies that benefit all.
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.
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.