ECONOMY
Price range 2024 proposal to scrap buyback tax for corporations and in flip tax the payouts as ‘deemed dividends’ by the hands of recipients is about to scale back pursuits in share repurchase programmes amongst promoters, say tax specialists. Going ahead, corporations, particularly cash-rich ones, might favor dividends over share buybacks, they mentioned. Vipul Bhowar, … Read more
Some of the talked about amendments from the Funds offered on Jul 23, 2024 has been the removing of indexation profit for long run capital features (LTCG), particularly on sale of property. The present taxation helps taxpayers declare losses in eventualities the place the property worth didn’t admire consistent with inflation as throughout actual property … Read more
Plenty of tax tweaks within the Funds might harm world personal fairness funds investing into the nation. The tax charge on long-term capital positive factors on unlisted share gross sales has been raised from 10 per cent to 12.5 per cent for non residents, a transfer that will impression returns on international direct funding. What’s … Read more
Fertilizer gross sales in India elevated by 3.6 per cent o 50.7 lakh tonnes (lt) in April-Might of the present fiscal nearly as good rainfall within the rising areas had helped improve the offtake. As fertilizer utilization in kharif season is linked to rainfall, good rainfall over all areas, besides a couple of States which … Read more
UK International Secretary David Lammy might be in New Delhi on Wednesday to “unlock the complete potential” of UK-India partnership and reinforce the UK’s dedication to securing a Free Commerce Settlement with India, which is able to profit each economies, in accordance with the British authorities. “David Lammy will spotlight the significance of a brand … Read more
Of the ten offshore mineral blocks due for public sale in India below the primary tranche, seven will likely be poly-metallic nodules and crusts positioned within the Andaman Sea, and three are blocks of lime mud positioned off the Gujarat coast, stated G Kishan Reddy, Union Minister of Mines. In line with him, the mineral … Read more
The federal government has lastly plugged this differential by making use of a uniform long-term capital features tax price of 12.5 per cent for resident and non-resident buyers, in addition to for listed and unlisted securities. BL Bengaluru Bureau Siddarth Pai, Founding Associate | CFO | ESG Officer, 3one4 Capital VIEWSROOM. The Indian start-up ecosystem … Read more
Finance Minister Nirmala Sitharaman’s seventh consecutive Funds has lots to commend itself for. Novel concepts for job creation, reform of the capital positive aspects tax construction, a leg-up for micro, small and medium enterprises (MSMEs), abolition of the devilish angel tax, a decent fiscal hand, and, in fact, the conservative Funds math, a trademark of … Read more
The journey and tourism sector represents an important financial driver. The World Journey & Tourism Council (WTTC) 2024 tasks that journey and tourism will contribute virtually ₹21.15 trillion to India’s GDP in 2024, a marked 21 per cent enchancment in comparison with 2019. Jobs are predicted to extend by 2.45 million this 12 months, representing … Read more
Within the Union Funds 2024-25, the Finance Minister has spared near nothing for Karnataka, stated Chief Minister Siddaramaiah whereas addressing a press convention on Tuesday. He added that other than Andhra Pradesh and Bihar, not one of the different States have obtained particular grants. “The Centre has 5 union ministers from Karnataka – HD Kumaraswamy, … Read more