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1 min ago Business Budget 2024: The government may be celebrating the budget, but for the common people it is no less than a shock. After giving with one hand and taking with the other, there remains a situation of happiness and sadness …
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There was selling pressure in the stock market today due to the announcement of tax hike in the budget, Sensex-Nifty fell
Stock Market Today: The impact of the increase in capital gains tax in the budget today saw dry conditions in the stock market. After opening with a decline, the market is trading in the red zone. However, as the stock specific buying volume increased, investors' capital increased by Rs. 3 …
Read More »Now more tax on sale of women's jewellery, provisions that spoil the budget instead of giving tax relief
Union Budget 2024: Higher tax revenues than cradle in 2023-24, dividends due to huge profits made by state-owned enterprises and large income transfers by the Reserve Bank were expected to provide relief to the inflation-hit middle class and salaried individual taxpayers. It seems that the budget has increased the deficit …
Read More »New proposal for companies in the budget, now 10% TDS will be levied on the amount paid to partners
Union Budget 2024: Finance Minister Nirmala Sitharaman has decided to change the TDS provision by reducing the TDS rate from 5 percent to two percent and in some cases from one percent to 0.1 percent. Under the old system, there was no provision to deduct any tax-TDS on remuneration, interest, …
Read More »Residential rental income cannot be shown as business income, a major provision in the Budget
Budget 2024 : Finance Minister Nirmala Sitharaman has made a new provision in the budget to curb those declaring residential rental income as business income. Rental income is to be shown under the head of house property income, but taxpayers were under-reporting the income to avoid paying tax by declaring …
Read More »GST taxpayers rejoice!! Exemption from interest and penalty on tax payment for first three years only
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 …
Read More »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 …
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