budget speech summary tax reforms and key proposals by ca paras dawar vision and reforms for a developed india • the government aims to simplify taxation as part of its broader vision for vikasith bharat developed india • a new income tax bill will reduce the complexity of current laws featuring clearer and more concise provisions cutting both chapters and words by half • focus areas include good governance reduced litigation tax certainty and responsive policymaking guided by the principle of sabka saath sabka vikas tax price structure revisions 1 no tax on income up to rs 12 lakh • individuals earning up to rs 12 lakh annually rs 1 lakh price month will pay no income tax under the new tax regime • for salaried taxpayers due to the rs 75000 standard deduction this threshold is rs 1275 lakh 2 revised tax slabs and rates • 0 rs 4 lakh 0 % • rs 4 rs 8 lakh 5 % • rs 8 rs 12 lakh 10 % • rs 12 rs 16 lakh 15 % • rs 16 rs 20 lakh 20 % • rs 20 rs 24 lakh 25 % • above rs 24 lakh 30 % 3 tax rebates and benefits • taxpayers earning up to rs 12 lakh excluding special income like capital gains will receive a rebate resulting in zero tax payable • examples of benefits from the new regime • income rs 12 lakh rs 80000 tax benefit 100 % reduction from existing rates • income rs 18 lakh rs 70000 tax benefit 30 % reduction • income rs 25 lakh rs 110000 tax benefit 25 % reduction • these reforms aim to increase disposable income promoting household consumption savings and investments 4 revenue impact • an estimated rs 1 lakh crore in direct taxes and rs 2600 crore in indirect taxes will be foregone as a result of these proposals other major tax proposals 1 tds and tcs reforms • reduction in the number of tds rates and thresholds for simplification • increase in tax deduction limits • senior citizens interest deduction limit raised from rs 50000 to rs 1 lakh • tds threshold for rent payments increased from rs 24 lakh to rs 6 lakh annually • tcs threshold for remittances under rbis liberalized remittance scheme lrs increased from rs 7 lakh to rs 10 lakh • tcs exemption for educational remittances funded by loans from specified financial institutions • higher tds provisions to apply only to nonpan holders 2 voluntary compliance and updated returns • time limit for filing updated returns extended from 2 to 4 years • the government highlights the success of the updated return facility introduced in 2022 with nearly 90 lakh taxpayers voluntarily updating their incomes 3 charitable trusts and compliance relief • registration period for small charitable trusts extended from 5 to 10 years • provisions to prevent disproportionate penalties for minor compliance errors 4 property and transfer pricing reforms • taxpayers can now claim the benefit of two selfoccupied properties without conditions • introduction of a 3 year block period scheme for determining arms length pricing of international transactions • expansion of safe harbor rules to reduce litigation and provide tax certainty in international taxation 5 senior citizen benefits • exemption for withdrawals from national savings scheme nss accounts with no interest accrual after august 29 2024 • extension of similar benefits to nps vatsanya accounts 6 digitalization and dispute resolution • implementation of paperless digital processes for tax orders and appeals • the vivaat se vishwaas dispute resolution scheme has seen 33000 taxpayers settle disputes measures for investment and employment promotion 1 presumptive taxation for nonresidents • a new presumptive taxation scheme for nonresidents providing services to electronics manufacturing facilities in india 2 safe harbor for electronics manufacturers • tax certainty for nonresidents storing components for supply to electronics manufacturers 3 tonnage tax extension • extension of the tonnage tax scheme to inland vessels registered under the indian vessels act 2021 to promote inland water transport 4 startup ecosystem support • extension of startup benefits to companies incorporated before april 1 2030 by an additional five years 5 ifsc investment incentives • specific benefits proposed for ship leasing units insurance offices and treasury operations in the international financial services centre ifsc
693
ID :
01-02-2025
_new farmland community project upland farm by 1 bighacom at balwada khandwa road indore_ ️ _key highlights_ plot size 10000 size priced 250 price / size located just 45 km from indore city gated community with 24 / 7 security managed farmland for hasslefree farming _investment benefits_ potential for high returns on investment opportunity for rental income chance to diversify your investment portfolio _ready to unwind and invest_ contact us surya hatagle 8305454245
694
ID :
01-02-2025
5 bhk house for sell non furnished location light nagar plot size . 1000 hjr sk feet 6 to 7 yer old house
695
ID :
31-01-2025
1 bhk flat 4 th floor front 1 bed /corner table / dining table /light /fan 12 k maintance ke saat 1 / 2 / 25 se avaiable ha rachit ke pass ye jiske pass bhi ho contact me urgent
696
ID :
31-01-2025
project shree mangalam city lig and ews plots available east or wast facing plot size 1235 and 1335 location junarda puwarda super corridor indore contact us arvendra lodhi 91 9316717608
697
ID :
30-01-2025
marketa se adhi price me jamina naravara jila ujjaina 62 size jamina auta price me 30 % pdc para rajistri hogi baki pementa 12 maha me dena hai marketa price 3 karora prati size cala raha hai seliga praisa matra 125 karora prati size ️
698
ID :
30-01-2025
plot for sale 1 nyay nagar sukhliya 30 x 50 2 sattelight junction 20 x 50 jodi 3 schno 114 part 1 1000 size size garden face 4 indra prasth 2400 size size jodi 5 ansal town ship 2556 size size 6 panchwati colony 2955 size size corner 7 princess estate 3500 size size 8 maharaja farm 2000 size size 9 sch no 114 part 1 1500 size size whatsapp 9713132669 call 6264401535
699
ID :
29-01-2025
to bhk lig chl ke paas
700
ID :
29-01-2025
hello and namaste respected users investors and brokers 1 housing board freehold commercial plot for sale in bapat square near barod hospital service road plot size 4300 sqft corner plot plot asking price of price 20000 psf price slightly negotiable plot ideal for all kind commercial activities 2 hotala enda bara phora sela niyara luvakusa cauraha se 500 mitara bada ganga ke tarafa mena roda plota size 7550 skvayara fita 42 x 170 phula kamarsiyala plota graunda phlora restorenta parti hola bara enda launja ophisa ruma kicana pharsta phlora 6 rumsa semi kavarda bara hola sekanda flora 6 rumsa bara ruphatopa abhi aita prejenta 50 se 60 hazara ke galle deli ka haim tienasipi dayavarsana kampalita hai phula kamarsiyala plota praisa 12 cr plota ke price mem hotala mila raha hai bhaiya nota hotala sivila strakcara enda lohe ke strakcara mem bana huva haim 3 luxurious hostel for sell location basant vihar near bombay hospital plot size 2420 sqft corner plot construction 9000 sqft full furnished rooms 25 / mess parking on basement lift reception area rental income at present 250 lakh asking price 550 cr 4 one of the finest profitable pub bar for sale in malhar mega mall branded franchise pub with great ambiance with minimum 30 lakh to 32 lakh price month revenue net profit margin every months 6 lakh to 9 lakh pub key components large dance floor best console and best sound system well maintained great ambiance hospitable staff best sit out area pub carpet area 5500 sqft pub rent at present 3 lakh gst pub asking price 160 cr price slightly negotiable note option pay token of price 2 lakh and observe business for 10 days if satisfied continue the deal if not satisfied price 2 lakh refunded note pub space not fo sale pub assets brand and pub royalty is for sale 5 newly constructed pre rented hostel for sale in mahalaxmi nagar a sector plot size 1800 sqft construction 8500 sqft 20 furnished rooms with 35 beds asking price 550 cr for all further details kindly call 6 3 star luxurious hotel for sale asking price 20 cr location vijaynagar for all further details kindly call 7 pub bar for rent asking rent 3 lakh including license with 18 lakh deposit location satya sai square 8 big size residential plot for sale between rau to rajendra nagar near sanskriti royal park colony plot size 19000 sqft 95 x 195 plot senctioned on residential multi plot asking price 6000 psf price negotiable plot is in l shape tncp diversion completed title clear building permission pg 8 plot location is very prime and premium premium township and more than 5 malls are near by the this plot like royal park mall prisma business centre laabham business world kalyan mall reti mandi and new mall is in under construction ips college emerald heights international school and dmart is also nearby the plots 9 pre rented running hotel for sale in mahalaxmi nagar r sector main road present rental income 275 lakh asking price 475 cr for further details kindly call 10 running family bar and restaurant for sale in sch no 140 for all further details kindly call 11 well maintained 2 bhk full furnished flat for sale in saket nagar built up area 1200 sqft asking price 48 lakh negotiable 12 20000 sqft 4 bhk luxurious farmhouse with summing pool and small garden for rent in bicholi with asking rent of 225 lakh price month deposit 41 13 running family bar and restaurant for rent in vijaynagar 14 prime location plot for sale in sch no 54 main road plot size 3500 sqft 50 x 70 plot asking price 28000 / price slightly negotiable 15 1500 sqft 4 bhk furnished bunglow for sale in nipaniya samar park colony at asking price of price 250 cr 16 running veg nonveg restaurant with full infrastructure assets and brand for sale in bcm heights near satya sai square at asking price of 9 lakh only for all further details 17 running veg restaurant with infrastructure and assets for sale in bcm heights near satya sai square at asking price of 650 lakh only for all further details kindly contact 7771972197 manoj shahi your own property agent