Gold ETFs turn attractive: The recent reduction in customs duty on gold, coupled with long-term tax benefits announced in the budget, has made gold exchange-traded funds (ETFs) and gold funds an attractive investment option for many. Additionally, the expected discontinuation of new issuances of sovereign gold bonds (SGB) is further driving investors towards these investment…
Gold outlook: The recent Budget’s decision to reduce the import duty on gold from 15% to 6% has left investors in paper gold feeling cheated. The announcement caused domestic gold prices to plummet by more than 8%, from Rs 74,080 to Rs 68,388 per 10 grams. Gold ETFs and sovereign gold bonds, which are linked…
By Ashutosh BhandariRailway Budget 2024: The government has wavered little in its efforts to spur a modernisation of railways in the country, pivoting on technology, to support the country’s economic ambitions. In line with expectations, Union Budget 2024-25 set the capex for railways at a record Rs 2.65 lakh crore, marking yet another year of…
Union Finance Minister Nirmala Sitharaman Sitharaman presented the Budget for FY25 on July 23, and discussions are ongoing in both houses. Finance Minister Nirmala Sitharaman on Tuesday introduced the Finance Bill 2024 for the fiscal year 2024-2025 in the Lok Sabha. The bill is currently under consideration and is expected to be passed according to…
By Saurabh Agarwal and Mohit SharmaBudget 2024 for manufacturing sector: The recent Union Budget has struck a balance between fiscal consolidation and stimulating economic growth. While the middle class has been offered tax relief, the government’s primary focus remains on judicious spending to maximize economic impact. The budget’s core themes are employment, skilling, MSME development,…
Budget 2024 capital gains tax changes: The Narendra Modi government is considering suggestions for tweaks in the new long term capital gains tax regime that was announced by FM Nirmala Sitharaman in Union Budget 2024.The July 23 budget reduced the LTCG tax on property from 20% to 12.5%. The indexation benefit, which allowed taxpayers to…
By Binaifer Jehani and Abbas MasterBudget 2024: Real estate, a significant contributor to employment generation, has received a fair bit of attention in Budget 2024-25. Recent years have seen the sector transform rapidly, driven by factors such as favourable government policies, Real Estate (Regulation and Development) Act, 2016, strong economic growth and changing consumer preferences.Added…
Income Tax Notice on the way? The Income Tax Department is gearing up to send out a large number of notices in the coming month, as there are concerns that many taxpayers might escape the tax net due to the impending implementation of the new reassessment law on September 1, 2024.According to the amended regulation…
Levying GST on life insurance premiums amounts to levying tax on the uncertainties of life, writes Nitin Gadkari. File | Photo Credit: ANI New Delhi Union Minister of Road Transport and Highways Nitin Gadkari has requested Finance Minister Nirmala Sitharaman to withdraw the 18% goods and services tax (GST) on life and medical insurance premiums….
Budget 2024: Prime Minister Narendra Modi on Tuesday addressed a CII post-Budget 2024 conference, stating that in 10 years, his government has tripled India’s Budget. The last Budget presented by the Manmohan Singh government in 2014 was of Rs 16 lakh crore. Ten years later, the Union Budget 2024 presented by us a few days…
