Tax was the most used word NEW DELHI: Union finance minister Nirmala Sitharaman on Saturday presented her eighth consecutive Budget. This brings her closer to the record of 10 budgets presented by former Prime Minister Morarji Desai, who holds the record for the most budgets presented across different terms. She is also the first woman…
NEW DELHI: Govt has decided to rework its proposal on long-term capital gains tax for real estate by providing individuals and HUFs the option to pay tax along with indexation benefit at 20%, or at 12.5% without indexation, depending on where they are better off. The tweak — for properties acquired before July 23, 2024…
NEW DELHI: Amid growing demand for a cut, if not removal, of GST on health and life insurance, government on Monday told Parliament that the levy fetched it Rs 21,256 crore during the last three financial years, with Rs 8,263 being collected during 2023-24.Responding to a Parliament question, junior minister for finance Pankaj Chaudhary said…
NEW DELHI: Pleading with the Supreme Court for prospective implementation of its nine-judge bench ruling allowing states to levy royalty on extracted minerals and tax on mineral-bearing lands, the Union government on Wednesday said retrospective application would create a burden humongous enough to ruin many PSUs and industries, dent the larger economy and send prices…
India‘s gold imports in 2024 could fall by nearly a fifth from the previous year, as record high prices spur retail consumers to exchange old jewellery for new items, the head of an industry body told Reuters. Lower imports by India, the world’s second biggest consumer of the precious metal, could cap a rally that…
