How the Budget affects your LTCG tax on immovable property

The Union Budget has proposed a reduced LTCG tax rate of 12.5% on immovable property sales, effective 23 July 2024, while eliminating indexation benefits. This change benefits taxpayers if property appreciation exceeds a minimum CAGR of 9-11.2% over 5 to 24 years.

2 min read07:45 PM IST

Income Tax Budget 2024 Highlight: Standard deduction fails to keep market upbeat

Income Tax Budget 2024 Highlights: Finance Minister Nirmala Sitharaman announced a marginal income tax relief for the middle class while presenting Union Budget 2024; however, stock market traders will now need to bear higher capital gains tax

42 min read08:27 AM IST

Ford Motor shares slide nearly 17% on disappointing Q2 profit

Ford reported an adjusted profit of 47 cents per share. That was far short of industry analysts’ estimates of 68 cents

1 min read10:39 PM IST

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A new Patanjali: The monk who sold toothpaste is at it again

Riding on his yoga prowess, Baba Ramdev made his way into Indian households in the early 2000s. But of late, Patanjali’s brands have struggled to resonate with consumers. Can the company ever make it to the top league of FMCG players dominated by the likes of HUL and Dabur?

12 min read

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Mediatek aims for Indian automotive market, to replicate smartphone success

Mediatek intends to replicate its smartphone market strategy for gaining foothold in the two-wheeler and four-wheeler market in India as it ties up with Jio Platforms Ltd

3 min read11:24 PM IST

Best speaker system: Top 10 options for audiophiles and casual listeners

Unleash the power of sound with our comprehensive list of the best speaker systems on the market. From budget-friendly options to high-end audiophile picks, we’ve got you covered.

15 min read07:24 PM IST

Trump Files Complaint Against Kamala; Will Harris Lose $100 Million Funds?

Donald Trump’s campaign filed a complaint with the Federal Election Commission, arguing that Kamala Harris could not legally take over funds raised by Biden’s reelection campaign. Will Harris lose $100 million funds just 100 days before elections? Watch the video to know!

02:01 PM IST

EPFO’s new subscribers increases 5.8% to 9.85 lakh in May

This surge in membership can be attributed to factors such as increased employment opportunities and growing awareness of employee benefits.

1 min read10:58 PM IST

Kalki a hit in metros but smaller towns are missing the box office magic

The latest big-ticket film Kalki may have earned over ₹277 crore from its Hindi version at last count, but has held up mostly in top metros with the overall business falling by 25% after the opening weekend, driven by a dip in tier-two and three markets

3 min read08:46 PM IST

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Central govt asks for transparency in disbursal from Environmental Relief Fund

Draft regulations ask fund managers of the Environmental Relief Fund to disburse all payments to Central and State Pollution Control Boards.

2 min read08:11 PM IST

NEET-UG 2024 revised scorecard not yet released at How to check

The National Testing Agency (NTA) is likely to release the revised scorecards for the NEET-UG 2024 exam on Thursday following the Supreme Court’s directive

2 min read06:14 PM IST

Tamil Nadu MP raises concerns over dubious breast cancer drug trials in India

Raising the issue of rising cases of dubious drug trials in India, Rajya Sabha MP Dr Kanimozhi NVN Somu said she will discuss the issue with Union Health Minister JP Nadda in her meeting with him.

2 min read03:49 PM IST

Pak’s ex-skipper slams BCCI for axing Hardik of T20 captaincy: ‘Just an excuse’

Though it was previously presumed that Hardik Pandya would take charge from Rohit Sharma as T20 captain after T20 World Cup, India’s chief selector Ajit Agarkar pointed out the fitness concerns of the star all-rounder as reason for Hardik missing the role.

2 min read08:28 PM IST

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How swimmer Dhinidhi Desinghu became the youngest Indian at the Paris Olympics

At the age of 14, Dhinidhi Desinghu is living the dream, partcipating at the Paris Olympics. She tells Lounge about her journey to get there

5 min read06:00 PM IST

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Can Budget 2024 tweaks impact your ITR filing? All you need to know

ITR filing: The changes announced in Budget 2024 will be relevant only when you file your income tax return for FY 2024-25 in July next year.

2 min read08:10 PM IST

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