Budget 2024 indexation relief: The government has provided a significant relief to taxpayers by introducing an amendment that allows them to choose between a 12.5% long-term capital gains (LTCG) rate without indexation or a 20% rate with indexation for properties acquired before July 23, 2024. This development was included in the list of amendments to…
The effect of 2024’s Lok Sabha election results was writ large on the first Budget of Modi 3.0, with employment creation given pride of place and keeping allies happy too very much in focus. The fact that the Budget comes at a time when the govt’s finances are relatively comfortable meant that finance minister Nirmala…
MUMBAI: India can reduce taxes, maintain a low tax to GDP ratio and still collect robust taxes because of its large population. However, the informal sector must come within the tax ambit to enable the transition to a developed economy with a $ 25 trillion GDP by 2047, said experts who were debating at Think…
