Is it better to stay on rent or get your own place? It’s complicated, to borrow a phrase from romantic conundrums. So, should one spend a big sum on a house property – especially with the help of a home loan – given that prices are higher and the capital appreciation in many towns is…
NEW DELHI: Finance minister Nirmala Sitharaman, paraphrasing Abraham Lincoln, described the Union Budget as “by the people, for the people, of the people” during an interview with PTI on Sunday. She said that Prime Minister Narendra Modi was fully supportive of tax cuts, but bureaucratic hurdles delayed the decision. “We have heard the voice of…
Cryptocurrencies such as Bitcoin and Ethereum (and many other popular ones) have rapidly transitioned from being niche digital assets to investment opportunities in India, attracting the attention of investors and tax authorities.The Finance Act, 2022 introduced a framework to specifically tax VDAs, including cryptocurrencies, treating them as virtual digital assets (VDAs). Income from the transfer…
Two types– Long term capital gains (LTCG), Short term capital gains (STCG)But first what is indexation?Indexation in capital gains tax adjusts the purchase price of an asset for inflation, reducing taxable gains and lowering the tax burden. Set-off provisions for capital losses Loss on a long-term capital asset can only be set off against gains…
Continuing its thrust on capital expenditure (capex) to create assets, the govt has allocated Rs 11.2 lakh crore for 2025-26, an increase of 10% than the revised estimate of the current financial year. The Budget also focusses on attracting more private investment in infrastructure by taking up projects on public-private partnership (PPP) mode.Going by budget…
The push for lithium-ion batteries could make electric vehicles more affordable and drive manufacturing and sales of EVs.EV and battery manufacturers said the exemption of lithium-ion batteries, motors, controllers, and essential materials such as cobalt powder and zinc from the capital goods list will accelerate deeper backward integration by TN’s EV cos and encourage more…
The Budget slashed customs duty not just for big motorcycles with engines above 1,600cc, but even in case of smaller ones, offering relief to those buying imported Honda, Suzuki, Ducati and KTMs. The fully built units will now face 40% customs duty instead of 50% earlier. For 1,600cc motorcycles and above, customs duty was cut…
The existing 30% tax levy on crypto trading continues to be in force, so does the stringent regulation that prevents traders from offsetting losses incurred in crypto transactions against profits from other crypto trades or any alternative income sources.In fact, other amendments have been made in this realm, which only tighten the reins for those…
Budget 2025: वित्त मंत्री निर्मला सीतारमण ने शनिवार (1 फरवरी, 2025) को मोदी 3.0 का पहला आम बजट पेश किया. संसद में लगातार आठवीं बार बजट पेश करने वाली निर्मला सीतारमण ने इस बार नए इनकम टैक्स बिल का ऐलान किया. वित्त मंत्री ने कहा कि इस बजट से मिडिल क्लास को बड़ी राहत मिलेगी….
केन्द्रीय वित्त मंत्री निर्मला सीतारमण इतिहास रचते हुए लगातार आठवां बजट पेश किया, जो उनके किसी भी पूर्ववर्ती के मुकाबले भारतीय इतिहास में बैक-टू-बैक सबसे ज्यादा बजट है. मोदी सरकार के 3.0 कार्यकाल का पहला पूर्णकालिक बजट निर्मला सीतारमण के कार्यकाल का एक और मील का पत्थर है. वित्त मंत्री निर्मला सीतारमण ने अगले हफ्ते…