Amid concerns about the removal of the indexation benefit for property sales under the Long Term Capital Gains (LTCG) tax, there will be no reconsideration of the changes made in the Union Budget, according to news agency ANI. “There will be no rethink on LTCG provisions made in the budget as it is beneficial for … Read more
Union Minister Nirmala Sitharaman tabled the Finance Bill in the parliament as part of the Union Budget 2024-25, which included an amendment to the Black Money Act. Central Board of Direct Taxes (CBDT) Chairman Ravi Agarwal stated on 25 July that the amendment in the Black Money Act would provide taxpayers relief from penalty when … Read more
Union Finance Minister Nirmala Sitharaman on Monday, July 22, announced significant reforms to improve the Ease of Doing Business in India, highlighting the decriminalization of 63 offences as a key achievement. While presenting the Economic Survey 2023-24 in the Lok Sabha, Sitharaman emphasized the government’s efforts to simplify regulations and promote a business-friendly environment. Sitharaman … Read more
Budget 2024: D-Street veterans and several brokerages have predicted that the upcoming Union Budget 2024 might bring volatility in the Indian stock market after the sentiment has turned bullish since June-end. The return of foreign fund inflows resumed in Indian markets and as investors priced in stability with the Bharatiya Janata Party (BJP)’s return to … Read more