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Budget before the Budget.....
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Presented ByProf Rishi Chourasia
Prof. Rishi Chourasia
Prof. Rishi Chourasia
What is Union Budget?The Union Budget of India, referred to as an annual Financial Statement in Article 112 of the Constitution of India, is the annual budget of the Republic of India, presented each year by the Finance Minister of India in Parliament. The budget has to be passed by the House before it can come into effect on April 1, the start of India's financial year.
What is Economic Survey? The Finance Ministry presents the Economic Survey in the Parliament of India every year, just before the Union Budget. It is the ministry's view on the annual economic development of the country.
Prof. Rishi Chourasia
Annual Financial Statement1. Consolidated Fund2. Contingency Fund3. Public Account
Revenue/Capital Budget Revenue
Receipt/Expenditure Capital
Receipt/Expenditure Budget deficit Fiscal deficit Primary deficit Plan & Non Plan
expenditure Subsidies
Prof. Rishi Chourasia
Tax 1. Tax Revenue2. Direct Tax A. Corporation TaxB. Individual TaxC. FBTD. STTE. Banking cash transaction tax (BCTT)
F.DTC ?????
1. Indirect TaxA. CustomB. ExciseC. Service
D.GST?????
Revenue/Capital Budget Revenue Receipt/Expenditure Capital Receipt/Expenditure Budget deficit Fiscal deficit Primary deficit Plan & Non Plan expenditure Subsidies
Prof. Rishi Chourasia
Prof. Rishi Chourasia
Prof. Rishi Chourasia
Prof. Rishi Chourasia
Prof. Rishi Chourasia
Prof. Rishi Chourasia
Oil Subsidy Market Borrowings Tax Collections Revenues Foregone Tax Arrears Social Sector Spending Capital Expenditure Resources Transferred To States & Local
Bodies
Prof. Rishi Chourasia
Prof. Rishi Chourasia
Prof. Rishi Chourasia
Prof. Rishi Chourasia
Prof. Rishi Chourasia
Prof. Rishi Chourasia
Prof. Rishi Chourasia
Prof. Rishi Chourasia
Prof. Rishi Chourasia
Prof. Rishi Chourasia
Prof. Rishi Chourasia
Prof. Rishi Chourasia
Prof. Rishi Chourasia
Prof. Rishi Chourasia
Prof. Rishi Chourasia
Prof. Rishi Chourasia
Prof. Rishi Chourasia
Prof. Rishi Chourasia
Prof. Rishi Chourasia
Finance Bill Direct Cash Transfer FDI Insurance/other GST DTC Diesel Subsidy Cap M&A Bank Consolidation
Prof. Rishi Chourasia
Food Security Bill
Tax Super Rich
Farm Loan Waiver
Tax Slab for Individual
Prof. Rishi Chourasia
Deduction for expenditure on Corporate Social Responsibility (CSR)
Corporate Tax Rate
Minimum Alternate Tax (MAT) Rate
Dividend Distribution Tax (DDT)
Prof. Rishi Chourasia
Limit of deduction under section 80C
New section for deduction of interest on bank deposits
Securities Transaction Tax
Prof. Rishi Chourasia
Airport Infrastructure
Banking and Finance
Construction Fertilizers
(Nutrient Based Subsidy)
Pharma Oil & Gas Textiles
Prof. Rishi Chourasia
Media and Entertainment
Ports Infrastructure Power Steel Telecom Auto Components
and Tyres Automobiles Cement Hotels Household
Appliances FMCG IT
Prof. Rishi Chourasia
Prof. Rishi Chourasia
