HENCY R SHAH AND ASSOCIATES

𝑲𝒆𝒚 𝑯𝒊𝒈𝒉𝒍𝒊𝒈𝒉𝒕𝒔 𝒐𝒇 𝑮𝒖𝒋𝒂𝒓𝒂𝒕 𝑩𝒖𝒅𝒈𝒆𝒕 2025-26 💡 𝐄𝐜𝐨𝐧𝐨𝐦𝐲 𝐚𝐧𝐝 𝐆𝐫𝐨𝐰𝐭𝐡: Gujarat contributes 8.3% to India’s GDP and aims to increase it to over 10% by 2030. A "Viksit Gujarat Fund" of ₹50,000 crore is planned over the next five years, with ₹5,000 crore allocated this year. 🏠 𝐒𝐨𝐜𝐢𝐚𝐥 𝐖𝐞𝐥𝐟𝐚𝐫𝐞: Housing support for the poor increased to ₹1.7 lakh under PM Awas Yojana and other schemes. Free food grains continue for 75 lakh families under PM Garib Kalyan Anna Yojana. Nutrition schemes receive ₹8,200 crore (21% increase). 🎓 𝐄𝐝𝐮𝐜𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐘𝐨𝐮𝐭𝐡: ₹4,827 crore allocated for scholarships. ITI upgradation with ₹450 crore to train 5 lakh trainees. AI labs to be established at L.D. Engineering College and six other institutes. New Samras Hostels to accommodate 13,000 students. 💼 𝐄𝐦𝐩𝐥𝐨𝐲𝐦𝐞𝐧𝐭 𝐚𝐧𝐝 𝐌𝐒𝐌𝐄𝐬: MSMEs, textiles, and manufacturing parks expected to create over 5 lakh jobs. ‘Global Capabil...

📢 Income Tax Bill 2025: India’s Biggest Tax Reform! 🇮🇳 After 60+ years , India is reaplacing the Income Tax Act, 1961 with the Income Tax Bill, 2025 —a bold step toward simplification, digitalization, and transparency . Let’s break down the key differences and what they mean for taxpayers! 🔍 Key Differences: Then vs. Now 📜 Income Tax Act, 1961 🚀 Income Tax Bill, 2025 Outdated and amended multiple times 📑 Fresh, simplified, and tech-driven tax structure 📖 Financial Year (April-March) as tax period 📆 Introduction of New Tax Year Concept 📊 Complex provisions leading to litigation ⚖️ Clear, concise, and dispute-reducing definitions 🔍 Income divided into multiple heads 🏦 Streamlined categories for easier assessment 📋 Various exemptions & deductions creating confusion ❌ Phasing out of exemptions for a simpler tax regime ✅ Traditional manual processes 🖊️ Fully digital, AI-driven tax compliance 🤖 General Anti-Avoidance Rules (GAAR) with vague application 🛑 Stronger anti...

📉RBI's Repo Rate Cut After 5 Years: A Shot in the Arm for the Economy? 🇮🇳 The Reserve Bank of India (RBI) has made a bold move by cutting the repo rate after five long years! This decision is aimed at reviving economic growth and has sparked discussions across industries. Let’s break it down. ⬇️ 🏦 What is the Repo Rate & Why Does It Matter? The repo rate is the interest rate at which banks borrow from the RBI. A cut in this rate means: ✅ Cheaper loans for businesses & consumers ✅ More borrowing, spending, and investment ✅ Potential economic revival 📉 Why Now? With economic growth slowing and inflation under control, the RBI has shifted its focus to boosting demand and investment across key sectors like housing, infrastructure, and automobiles. 📊   Who Benefits from the Rate Cut? 🚗 Auto & Real Estate: Cheaper home & car loans could drive demand 🏗 Infrastructure: Easier credit access for expansion projects 💼 Businesses: Lower borrowing costs for e...

Key Highlights from Finance Bill 2025 for Individuals! 💰 Get ready for some changes in your taxes! Here's a breakdown of the key highlights from the Finance Bill 2025 impacting individuals, effective from 1st April 2026: ✅ 1. New Income Tax Slabs: 📊 Say goodbye to the old slabs!  A new structure is coming: ₹0 - ₹4,00,000 – No tax 🥳 ₹4,00,001 - ₹8,00,000 – 5% 😊 ₹8,00,001 - ₹12,00,000 – 10% 🤔 ₹12,00,001 - ₹16,00,000 – 15% 🧐 ₹16,00,001 - ₹20,00,000 – 20% 😥 ₹20,00,001 - ₹24,00,000 – 25% 😓 Above ₹24,00,000 – 30% 😨 ✅ 2. Increased Rebate under Section 87A: 🤩 More money in your pocket! Rebate limit increased to ₹12,00,000 🎉 Maximum rebate up from ₹25,000 to ₹60,000 🥳 Rebate gradually phases out if income slightly exceeds ₹12,00,000. ✅ 3. Capital Gains Tax Amendments: 📈 Some tweaks to capital gains: LTCG Tax increased from 10% to 12.5% for certain securities. ULIP tax exemptions modified – some gains now taxed as capital gains. ✅ 4. Extended Time for Filing ...