Budget 2020 has introduced a new optional tax regime for those who do not want to get the benefit of tax deductions and has made dividends taxable at slab rate. We get you the details of these and other proposals in this episode of Why Not Mint Money.
Exemptions and deductions translate into huge tax savings and so you may not exactly gain under the lower tax rate system.
A large number of items including cigarettes, tobacco products, medical equipment will become more expensive while items such as raw sugar, agro-animal based products, Tuna bait, skimmed milk, certain alcoholic beverages, soya fibre will become cheaper.
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The Budget 2020 didn’t have much more for the homebuyers except for those in the affordable housing segment. The finance minister has proposed to extend the benefit of additional tax deduction to homebuyers in the affordable housing segment.
Finance Minister chose an unconventional path, and announced the creation of a new tax regime which will be optional. Nitin Baijal, Director, Personal Tax, and Sameer Gogia, Director, Direct Tax at Deloitte, Haskins and Sells, explain the various direct tax initiatives in the Union Budget.
Union Finance Minister Nirmala Sitharaman presenting her second Budget at a critical time, experts from Deloitte, Haskins and Sells decode the government's announcements.
Mint and Editorji bring you the best coverage of the Union Budget 2020-21. Watch analysis of Finance Minister Nirmala Sitharaman’s budget speech as top economists, industry heads and politicians help decode how the 2020-21 Budget affects India.
Mint and Editorji bring you the best coverage of the Union Budget 2020-21. Watch live analysis of Finance Minister Nirmala Sitharaman’s budget speech as top economists, industry heads and politicians help decode how the 2020-21 Budget affects India. Will the budget announcements boost growth and kickstart the investment cycle? Watch this live broadcast to know the full impact of Budget 2020
Investors are awaiting the presentation of Union Budget later this week with high hopes for a growth stimulus by the government even as concerns about a fiscal slippage has left them worried. A. Balasubramanian, MD and CEO, Aditya Birla Sun Life AMC speaks to Nasrin Sultana, Mint about what are the markets expecting from budget?
Indian’s don’t like to pay taxes which among other things also limits meaningful reforms. Here are some interesting facts on income tax.
In the upcoming Budget 2020, expectation of tax payers and investors from the government on the personal tax front is high especially given the economic slowdown and recent cuts in corporate tax rates. Here is what financial planners wish government should do.
Seniors feel that life has become more challenging in the past one year. The upcoming Budget needs to address these challenges that can ease some of their worries. Seniors highlight their problems and solutions they are seeking from the Budget.
Mint Money outlines three Budget proposals to de-clutter personal tax for an average taxpayer
Millennials make up the largest age-group wise segment of the Indian workforce, and are considered growth drivers for the economy as a whole. With the Union Budget just around the corner, what are their expectations from the government when it comes to factors like the start-up ecosystem and taxation? Social media influencer and entrepreneur Ranveer Allahbadia tells us what he wants from the Budget.
An individual can reduce his tax burden by investing under various instruments and get benefits of up to Rs1.5 lakh under Section 80C of the Income-tax Act.
Budget 2020 is a great opportunity for the Modi Government to reset the economy for the long term. This means forgetting fiscal fundamentalism, spending more & the government re-entering the economy. Since the Rao-Manmohan reforms, India's economy has been catering to the top 10%. It is time to restructure government policy to reorient the economy to produce for the remaining 90% and create wealth for them. This is the only way to bring India's economy back on track in the coming decade.
Union Finance Minister Nirmala Sitharaman met her counterparts from state and Union Territory governments on Wednesday. The meeting was held to discuss the upcoming Union Budget.
Budget 2019-20 proposed a slew of measures to attract investments and bolster growth. The key proposals in the budget which are relevant to FPIs include increase in surcharge for taxpayers other than corporates and partnership firms, increase in the default limit for FPI investment in Indian equities from 24% to the sectoral limit, merging the NRI-PIS route with the FPI route, rationalization of KYC norms and rationalization of STT rates on option contracts. Rajesh Gandhi, Partner, Deloitte Haskins & Sells LLP speaks to Nasrin Sultana, Mint on how to interpret the tax proposals.
Finance Minister Nirmala Sitharaman presented the Union Budget for the second term of Narendra Modi government. During the budget, she spoke about the income tax and surcharges on the tax. Surcharge on those with income between ₹2-5 crore and 5 crore-above are to be increased. "Enhance the surcharge on individuals having taxable income from 2 crore to 5 crore and 5 crore and above so that effective tax rates for these two categories will increase by around 3% and 7% respectively, the finance minister said.
Indian market investors will keep a close eye on the first Union Budget by the new government on Friday. Rusmik Oza, head of fundamental research, Kotak Securities Ltd speaks to Mint's Nasrin Sultana on key things that markets will watch out for in Union Budget 2019.
