However the beneficial south-west monsoon, Company India has been flooding the market with buyback presents earlier than the unfavourable tax adjustments introduced within the latest Funds take impact from October 1. Additionally learn: India Inc seeks a simplified capital good points tax regime Within the Funds, Finance Minister Nirmala Sitharaman shifted the earnings tax legal … Read more
Decrease reliance on capex-driven progress The interim Price range in early February introduced a ₹11-lakh-crore capex plan for FY24-25. To construct expectations on the capex entrance from the Modi authorities’s third time period, it’s price noting the tempo of capex within the final 5 years in comparison with the primary time period of this authorities. … Read more
Constructing on the sturdy present seen in monetary 12 months 2023-24, Web Direct Taxes collections have surged 19.54 per cent to ₹ 5.74-lakh crore until July 11 this fiscal, official information launched by CBDT confirmed. In the identical interval (upto July 11) final fiscal, the web direct tax collections stood at ₹4.80-lakh crore. The most … Read more
Investing in Indian mutual funds presents a compelling alternative for Non-Resident Indians (NRIs) to capitalise on the strong financial development projected for India. Providing a various array of funding choices, enticing returns, and tax advantages beneath the Double Taxation Avoidance Settlement (DTAA), Indian mutual funds present NRIs with a strategic means both to diversify their … Read more
Investing in Indian mutual funds presents a compelling alternative for Non-Resident Indians (NRIs) to capitalise on the sturdy financial progress projected for India. Providing a various array of funding choices, engaging returns, and tax advantages underneath the Double Taxation Avoidance Settlement (DTAA), Indian mutual funds present NRIs with a strategic means both to diversify their … Read more
Amid a raging political debate on wealth inequality, re-distribution and inheritance tax, a brand new analysis paper co-authored by economist Thomas Piketty has steered that India must impose a 2 per cent tax on internet wealth exceeding ₹10 crore and a 33 per cent inheritance tax to cope with the issue of rising inequality within … Read more
Taxes/ customs duties on imported automobiles are fairly excessive in India, however individuals who can afford such automobiles can digest that type of taxation, in keeping with luxurious sports activities automotive maker Lamborghini. India imposes greater than 100 per cent import obligation on utterly constructed items (CBUs). Additionally learn: India has a variety of potential … Read more
A lot of the highlight on the rise in Indian fairness markets within the post-Covid period has centred round retail buyers basically, and mutual funds as autos for counterbalancing the would possibly of overseas portfolio buyers specifically. The Indian mutual fund business crossed the ₹50-lakh crore mark in December 2023. At one other degree, subtle … Read more
Derivatives, we are sometimes warned, ought to be off bounds for lay traders, given the complexities concerned and the losses more likely to be incurred after they take exposures with out ample understanding. However for mutual fund managers, these derivatives turn into nice instruments to realize a number of functions. Market regulator SEBI permits mutual … Read more