Budget 2024 News

Economy

Direct Tax Vivad Se Vishwas scheme, 2024 to come to force from 1 October

In July, while presenting the Annual Budget 2024-25, finance minister Nirmala Sitharaman announced the scheme for resolution of income tax disputes pending appeal

1 min read20 Sep 2024
Money

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 2024
Money

How 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 2024
Money

Rent, 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 2024
Money

How 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 2024
Money

Is 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 2024
Mutual Funds

How 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 2024
Money

Budget 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 2024
Economy

Around 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 2024
Money

20% 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 2024
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