Budget 2024 News
Stock market news: This income tax rule to be implemented next month
From October 1, 2024, buyback proceeds will be taxed as dividends, shifting the tax burden from companies to shareholders. Companies will need to deduct TDS at 10 per cent for residents and 20 per cent for non-residents, prompting a reevaluation of investment strategies
2 min read5 Sep 2024How to adjust your financial life after LTCG tax hike to 12.5%?
While we would love to go back to the pre-2018 days of 0% tax or at least remain in the 2018-24 era of 10% tax, there is not much we can do.
4 min read27 Aug 2024Rent, home loan, capital gains, losses: a simple guide to taxation on real estate
We have compiled a handy guide in Q&A format to help you understand how properties and rental incomes are taxed after the Union Budget 2024-25
7 min read26 Aug 2024How profit on sale of shop purchased in 1999 will be taxed after Budget 2024?
A senior citizen plans to sell a shop bought in 1999 and seeks advice on capital gains and tax savings. Long-term capital gains apply, and tax can be saved by investing in property or capital gains bonds
1 min read17 Aug 2024Is it the end of road for debt mutual funds after budget brought in new capital gains tax norms?
Debt mutual funds can help investors tide over poorly performing equity market phases if the tax playing field is level.
3 min read12 Aug 2024How Bharat has betrayed Bharat Bond investors
The Bharat Bond ETF, a pioneering product launched to create a new borrowing stream for public sector undertakings and enhance bond market liquidity, has faced a setback with tax changes in Budget 2024.
4 min read8 Aug 2024Budget 2024: How will the increased NPS tax deduction impact your retirement savings?
The Budget 2024 has increased the tax deduction limit on employer NPS contributions from 10% to 14%, aligning private sector employees with government counterparts, and introduced the NPS Vatsalya scheme for saving for children’s retirement.
3 min read6 Aug 2024Around 73 per cent of India’s agriculture budget is allocated for subsidies and welfare schemes: ICRIER
The focus of Budget 2024 is mainly on welfare measures and subsidies, such as the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) and food and fertiliser subsidies. However, according to the report, these initiatives have not addressed the underlying issue of low rural incomes.
2 min read2 Aug 202420% levy on short-term capital gains has given young F&O traders a tax incentive
While the budget 2024 didn’t touch F&O, barring a nominal increase in STT, it increased tax on short- and long-term capital gains made from equity mutual funds or stocks.
2 min read31 Jul 2024Removing indexation on real estate will benefit almost nobody. Here’s proof.
Calculations show the effective tax under the new regime is only lower if the property’s value grows at a CAGR that far exceeds historical averages.It could also discourage long-term investment in real estate, reducing liquidity and potentially destabilising the market.
4 min read31 Jul 2024Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared