Tag: Union Budget 2024

Mumbai’s resale real estate market is expected to feel the pinch with Budget 2024-2025 doing away with the indexation benefit on long-term capital gains (LTCG) on sale of property. (Representational image/Mehul R Thakkar/HT)
Posted in Business

Government may allow real estate indexation for transactions till July: Report

Aug 06, 2024 06:10 PM IST The government may allow real estate investors to continue using indexation for all transactions till July or give a…

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Over 73 per cent of Agriculture Budget goes towards welfare measures, subsidies: ICRIER
Posted in Economy

Over 73 per cent of Agriculture Budget goes towards welfare measures, subsidies: ICRIER

Food and fertilizer subsidies account for more than 50 per cent of the Union Budget for the rural and agrarian sector in FY25, highlighted a…

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Finance minister Nirmala Sitharaman speaks in the Lok Sabha during the Monsoon Session of Parliament, in New Delhi. (SansadTV)
Posted in Business

Union Budget: Duty on chemicals up from 10% to 150%, research labs say ‘thoughtless action’

Jul 31, 2024 07:55 AM IST Union Budget: Funding agencies have already informed scientists that their budgets are fixed with no room to hike allocations….

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LTCG Budget tax: Are LTCG tax rates in India too high? Here is a look at tax rates in other major economies
Posted in Economy

LTCG Budget tax: Are LTCG tax rates in India too high? Here is a look at tax rates in other major economies

The landscape of capital gains taxation across different geographies/jurisdictions presents a complex tapestry of rates and regulations that reflect the economic policies and fiscal objectives…

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Angel Tax scrapped: FM Sitharaman explains the rationale behind removing the decade-old tax
Posted in Economy

Angel Tax scrapped: FM Sitharaman explains the rationale behind removing the decade-old tax

The Narendra Modi government’s decision to scrap angel tax in the Union Budget was taken to remove the hindrances that startups face in the country,…

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Finance minister Nirmala Sitharaman attends the proceedings of the Lok Sabha during the Monsoon Session of Parliament, in New Delhi.(SansadTV)
Posted in Business

Taxes not hiked because government wants more money, says Nirmala Sitharaman

Jul 26, 2024 11:36 AM IST Nirmala Sitharaman said nothing is done with the purpose that government wants more money. Finance minister Nirmala Sitharaman said…

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union budget 2024: First draft of new simplified I-T law to be prepared by tax dept panel: Revenue Secretary Sanjay Malhotra
Posted in Economy

union budget 2024: First draft of new simplified I-T law to be prepared by tax dept panel: Revenue Secretary Sanjay Malhotra

The first draft of a new simplified income tax law, as proposed in the Budget, will be prepared by an internal committee of the tax…

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Finance minister Nirmala Sitharaman attends the proceedings of the Lok Sabha during the Monsoon Session of the Parliament, in New Delhi.(SansadTV)
Posted in Business

Nirmala Sitharaman on Budget 2024: ‘Want to give relief to middle class but…’

Finance minister Nirmala Sitharaman said that through the Union Budget 2024 the government aimed to provide relief to the middle class although there are limitations….

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Stock market today: A bird flies past a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai.(Reuters)
Posted in Business

Budget 2024: These are the winners and losers of ‘vulnerable’ stock market

Domestic brokerage firm Emkay Global called the Union Budget 2024 ‘solid’ highlighting policy continuity. Fiscal consolidation path was maintained and the focus on capital expenditure…

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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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