New Delhi | Cigarettes are set to become costlier as the National Calamity Contingent Duty (NCCD) on specified cigarettes has been revised in the Union Budget 2023-24. Union Finance Minister Nirmala Sitharaman, while presenting the budget on Wednesday, proposed to revise the NCCD on specified cigarettes upwards by about 16 per cent. The NCCD on specified […]
Tag: Budget 2023-24
Insurance policies where premium is above Rs 5L no more tax exempt
New Delhi | Insurance policies where the premium is over Rs 5 lakh will no longer be tax exempt, as per the provisions in the Union Budget 2023-24. Kapil Mehta, Co-founder, SecureNow Insurance Broker said the income from traditional insurances where the premium is over Rs 5 lakh will not be tax exempt. While, this will […]
India’s economy on right track, focus on reforms: FM
New Delhi | While presenting the Union Budget 2023-24 at the Lok Sabha, Union Finance Minister Nirmala Sitharaman on Wednesday said the Indian economy is on a “right track and heading towards a bright future” and the current focus is on reforms as sound policies resulting in public participation have helped in increasing the country’s […]