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Others / Business Standard

Budget 2024: Fada seeks vehicle depreciation benefits for income tax payers

Automotive dealers body FADA on Friday urged the government to introduce vehicle depreciation benefits for individual taxpayers, saying it will not only expand the taxpayer base but also ignite automobile demand. In its pre-budget wishlist, the Federation of Automobile Dealers Associations (FADA) also asked the finance ministry to reduce corporate tax for LLPs, proprietary, and partnership firms. We urge the finance ministry to introduce the benefits of claiming depreciation on vehicles for indi

12 Jul 2024 3:36 pm
Economic vision, political theme key aspects to watch in Budget: Nomura

The new government's economic vision and management of the political theme will be among the key aspects to watch in the upcoming Union budget, a Japanese brokerage said on Thursday. The brokerage said the second half of the year will see muted returns on the equities front, and reiterated its year-end target of 24,860 points on Nifty, which is only about 3 per cent higher than the current levels. The fiscal glide path beyond FY26, when the government has committed to reduce the fiscal deficit t

11 Jul 2024 8:33 pm