Union Budget

Sensible macro and financial insurance policies yielded huge capital beneficial properties for traders, says CEA Nageswaran 

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The astute macroeconomic and financial insurance policies adopted by the Centre during the last 5 years have performed a key function in rewarding traders with accrual of giant capital beneficial properties to them, Anantha Nageswaran, Chief Financial Advisor, stated on Tuesday. The CEA was talking on the businessline’s post-Funds occasion ‘Decoding the Funds 2024-25’ within … Read more

Price range 2024: Elimination of indexation advantages on long-term capital features might hit property transactions

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An disagreeable notice was struck within the Price range proposals with the removing of indexation advantages on long run capital features on property, whereas the tax fee on such features with out indexation is at 12.5 per cent Additionally learn: An enormous push for small and medium enterprises “This can severely impression property sellers and consequently the … Read more

Finances 2024: Tech continues to be an enabler

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As I replicate on the bulletins within the Union Finances 2024, I’m pleasantly stunned with how nicely the Finances has focussed on sustainable long-term progress that ties with the agenda of Viksit Bharat. The areas that stood out for me included: India’s demographic dividend is each its biggest power and its greatest problem. Finances 2024 … Read more

Price range 2024: 2 tax clarifications it’s best to find out about

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Let loose home not enterprise revenue The taxman has noticed that some taxpayers are reporting their rental revenue generated by letting out of home property below the top ‘Earnings and features of enterprise or career’, whereas the perfect classification could be below ‘Earnings from home property’. This helps the taxpayer scale back their tax legal … Read more

Bonanza for start-ups, buyers – The Hindu BusinessLine

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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

Sitharaman presents the BAP of all Budgets

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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

Finances 2024: An enormous push for MSMEs

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The Union Finances has given a leg-up to MSMEs (micro, small and medium enterprises) by way of proposals to introduce a credit score assure scheme for facilitating time period loans for buy of equipment and gear with out collateral or third-party assure and a assure from a government-promoted fund to supply credit score help throughout … Read more

Funds units new course for GIFT Metropolis IFSC

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Extending a slew of incentives to the Worldwide Finance Providers Centre (IFSC) at GIFT Metropolis in Gujarat, the Union Funds not solely provides to the “ease of doing enterprise” throughout the IFSC, but additionally offers extra readability, permitting exemptions for retail and alternate traded funds, which are on a par with Alternate Funding Funds and … Read more

Finances 2024: Union Finances allocates about ₹1.29-lakh crore for telecom sector

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The federal government has maintained the interim price range allocation of ₹1,11,876.67 crore for the telecommunications sector. An quantity of ₹82,916.20 crore has been allotted for Bharat Sanchar Nigam Restricted (BSNL). Additionally learn: Finances 2024: Aquaculture will get a lift In complete, it has proposed the allocation of round ₹1.29-lakh crore for telecom initiatives and … Read more