Taxation Travails
While posts on WhatsApp would have us believe that taxpayers, who are allegedly in a minuscule minority, are a muchharassed lot, the Government pushes a diametrically opposite narrative viz.
While posts on WhatsApp would have us believe that taxpayers, who are allegedly in a minuscule minority, are a muchharassed lot, the Government pushes a diametrically opposite narrative viz.
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The LG asked the Delhi government to present the Annual Financial Statement (Budget) in the Assembly so that it could be discussed and passed expeditiously in the larger interest of the people.
Describing the budget as disappointing, BJP state unit president Rajiv Bindal said: “The capital expenditure has been reduced to Rs 6280 crore in the financial year 2024-25."
Karnataka Chief Minister Siddaramaiah is all set to present the state budget on Friday in the Assembly here.
The government cannot ignore the middle classes totally because the ruling party has high hopes for support in voting from this class. So, it looks like it might indulge in some tinkering with the income tax rates. The peak in personal income tax may be brought down from the present 42.74 per cent since it is 25.20 per cent higher than that of the corporate tax. Also likely is the increase in the standard deduction from its 2019 set limit of Rs 50,000 to Rs 75,000 or Rs 1 lakh
Sitharaman will lay the document in the Lok Sabha after the conclusion of President Droupadi Murmu's address to both Houses of Parliament.
After the Global Investors Summit and G-20 next month, the State Budget for the next financial year will be tabled in the Assembly.
While slamming Congress over its election promise to provide 200 units of electricity free of cost, Bommai said, "Congress is on the brink of collapse. ESCOMs are in debt because of the grand old party offering freebies."
Ukraine's annual budget deficit reached an estimated 911.1 billion hryvnias (about $24.9 billion) in 2022, the country's Finance Ministry has said.
