Bhavish Aggarwal, one of world’s youngest billionaires, to double fortune on Ola IPO – Times of India

Just two years ago, Bhavish Aggarwal was facing one of his biggest tests. A video on social media showed an Ola Electric Mobility Ltd. vehicle bursting into flames in the Indian city of Pune, raising doubts about whether his bet on the world’s biggest e-scooter factory would ultimately pay off.The outspoken founder, who’s drawn parallels…

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Sitharaman proposes amendments to LTCG tax provision on immovable properties, offers two options to taxpayers – Times of India

NEW DELHI: Union finance minister Nirmala Sitharaman on Wednesday announced amendments regarding the Long-Term Capital Gains (LTCG) tax proposal on real estate during a debate on the Finance Bill in Lok Sabha.Taxpayers will now have the choice to calculate their tax liability using either the old system or the reduced rates without indexation, and pay…

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‘Have reduced burden’: FM Sitharaman hits back at opposition’s claim Budget ignored middle class – Times of India

Union finance minister Nirmala Sitharaman criticised the opposition for saying that the budget didn’t help the salaried and middle classes but only benefited the wealthy. She pointed out that the government has worked to make taxes simpler and lighter, especially during the Covid pandemic when no new taxes were added.She also criticised the opposition’s demand…

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