Union Budget 2024: With many major changes related to GST, Finance Minister Nirmala Sitharaman presented the budget for the year 2024-25 in the Lok Sabha on Tuesday (July 23). The 53rd meeting of the GST Council was held. In which many reliefs and improvements in laws, rules and procedures were …
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Import duty on gold and silver reduced by Rs. 3000 crack
Mumbai: Gold and silver prices fell sharply in the jewellery markets this afternoon amid news of a significant cut in import-customs duty on precious metals by the Union Finance Minister in the budget. Gold price fell by Rs 3000 per 10 grams and silver by Rs 3000 per kg in …
Read More »How LTCG-STCG will take Sensex to 76000 and Nifty to 23500
Ahmedabad: The announcement of increase in long term and short term capital gains tax in the Union Budget 2024-25 presented in Parliament on July 23 by Finance Minister Nirmala Sitharaman has shocked investors. Apart from this, the increase in STT tax to keep retail investors away may fill the government's …
Read More »Budget provision of buyback tax will impact promoters of cash-rich companies
Mumbai: Finance Minister Nirmala Sitharaman's proposal in the Union Budget is likely to shock promoters who buy back shares of cash-rich companies. The profit earned from the tender of shares i.e. the offer of shares in buyback is now taxed on the beneficiary. Those who currently have no such burden. …
Read More »Increasing capital gains tax will not affect small investors, know how?
Union Budget LTCG, STCG, STT rate hike: In the Union Budget 2024, the long-term capital gains tax on all financial and non-financial assets has been increased from 10 percent to 12.5 percent, on the other hand, short-term capital gains tax on certain assets has been increased to 20 percent. The …
Read More »Angel tax abolished to strengthen the startup ecosystem
26 mins ago Business Ahmedabad: Finance Minister Nirmala Sitharaman has given a big shock to many investors of the country while presenting the first budget of Modi Government 3.0. The government has also opened the door for long-term investment against the increase in …
Read More »Sensex fell 1278 points and closed 73 points down
Mumbai: Finance Minister Nirmala Sitharaman today announced the NDA government's agriculture, rural development, youth employment oriented Union Budget with the expected hike in capital gains tax and increase in securities transaction tax (STT) on futures and options (F&O). Nifty is up 1278 points and Nifty is up 435 points to …
Read More »India's rating likely to be raised on the back of reduction in fiscal deficit
Mumbai: The reduction in the fiscal deficit estimate at the end of the current financial year and fiscal discipline will pave the way for India's rating upgrade in FY 2025-26. The high dividend of the Reserve Bank is considered a big relief on the fiscal front. Deepak Agarwal of Kotak …
Read More »Indian army will become more lethal, government opened the door
Union Finance Minister Nirmala Sitharaman has presented the interim budget for the year 2024-25. In which the Finance Minister has also laid special emphasis on the defense sector. In view of the threat from China and Pakistan, India is currently modernizing its army and this time the military budget has …
Read More »Calculate inflation excluding food
The Economic Survey says that inflation excluding food items should be targeted because monetary policy measures aimed at reducing the inflation rate are effectively directed towards food prices. It argued that, as has been repeatedly observed, high food prices are not demand-driven but supply-driven. While short-term monetary policy tools are …
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