Tag: taxation

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Posted in Economy

End of cess may not be blessing for ‘sin taxed’

New Delhi: Cigarettes and other tobacco products, carbonated drinks and high-end automobiles, currently in the 28% goods and services tax (GST) slab, could see this…

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FM Nirmala Sitharaman defends tax regime, calls on academics to apply for more patents
Posted in Economy

FM Nirmala Sitharaman defends tax regime, calls on academics to apply for more patents

Finance minister Nirmala Sitharaman on Tuesday defended the extant taxation regime, highlighting that the pressure of meeting several challenges and compelling spending requirements, including for…

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Finance Secy highlights divestment plans, says won't announce in advance as govt wants best value for public companies
Posted in Economy

Finance Secy highlights divestment plans, says won’t announce in advance as govt wants best value for public companies

The government will not pre-announce the timing of its divestment plans for FY25 to ensure its best value for public companies, said Finance Secretary TV…

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Radhika Gupta said that before the Budget, mutual funds had different taxation categories as "some mutual funds were taxed as long term and short term."
Posted in Business

How do tax changes in budget impact your mutual funds investments? Radhika Gupta explains

Jul 23, 2024 07:23 PM IST Radhika Gupta explains simplified mutual fund taxation post Union Budget 2024 Radhika Gupta- Edelweiss MD and CEO- explained the…

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Posted in Finance

Budget 2024: Will the indexation benefit on debt mutual fund be back?

Inflation is a significant factor contributing to the increase in the value of a capital asset over time. Income tax laws allow you to adjust…

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Though no change in interim budget, full budget should ease these pain points of investors
Posted in Finance

Though no change in interim budget, full budget should ease these pain points of investors

Once upon a time, a good budget was one that did a lot of things. Now, a good budget is one that does as little…

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Posted in GST

gst: Setting up GST appellate tribunal need of the hour: Smita Singh, S&A Law – The Economic Times Video

gst: Setting up GST appellate tribunal need of the hour: Smita Singh, S&A Law – The Economic Times Video | ET Now ET Online |…

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Your capital gains shall be taxed at 20% after indexation.(Representaional photo)
Posted in Business

What will be the tax implication on gift received from NRI?

I constructed a new house using my savings after demolishing the old house that was built by my father in parts in 1971 and 1979….

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Life insurance proceeds taxable for premium over Rs 5 lakh
Posted in Finance

Life insurance proceeds taxable for premium over Rs 5 lakh

For life insurance policies issued on or after 1 April 2023, the tax exemption on maturity benefits under Section 10(10D) will only be applicable if…

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