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Source: Live Mint Following concerns that this could increase the tax liability for real estate investors, the government introduced a grandfathering clause to allow indexation on properties bought before 23 July 2024—the day the budget was presented. Under the clause, if the new 12.5% tax rate results in a higher liability than the previous 20%…
Source: Live Mint In India, if you are an investor or trader in the equity markets, you must understand the interplay between long-term and short-term capital gains. This is crucial because it will help you optimise your tax liabilities. Recent tax changes, market dynamics and regulatory updates have intensified the discussion of how these gains…
Source: Live Mint Starting a new job is an exciting milestone for many young professionals. However, alongside the job opportunity come financial responsibilities and challenges that require careful planning. To build a stable financial future, first-time earners must be aware of and avoid common mistakes that could hinder their financial growth. This article explores these…
Source: Live Mint Most of us have a dream trip in our minds. We cut out pictures of places from travel magazines, add them to our Pinterest boards or make a good old bucket list. But life gets in the way. Sometimes our work commitments don’t allow us to take long leave, travelling with young…
Source: Live Mint So, after you file an ITR, you get four years from the end of the assessment year to include any additional income in the updated ITR that you have missed reporting in the original tax return. Sounds like a good deal for voluntary compliance? It is, only until you realise it is…
Source: Live Mint The strong support of 22,800, which was tested six times through Friday, could give way and trap the bulls initially this week, according to derivatives analysts. Market veterans said that global tariff tensions and slowing earnings growth back home have dented sentiment to the extent that potential rallies could be used by…
Source: Live Mint The bill is culmination of amendments incorporated in successive budgets since the idea of a Direct Tax Code 2010 was floated in 2009. It aims to maintain relative stability in the well understood provisions of existing income-tax law while simplifying it after a comprehensive review making it “concise, lucid, easy to read…
Source: Live Mint The celebration of love on Valentine’s Day does not require expensive gifts combined with fancy dinners though many people tend to focus on these costly items. Sticking to creative strategies enables you to savour precious celebrations without having to spend a lot of money on them. The following list presents cost-effective Indian…
Source: Live Mint In a recent note, brokerage house Motilal Oswal Financial Services (MOSL) stated that a slowdown in consumption and commodity weakness have weighed on corporate earnings, even as sectors such as BFSI, Healthcare, Capital Goods, and Technology delivered strong performances. However, the government’s shift from capital expenditure to consumption in its latest budget…
Source: Live Mint For decades, India’s salaried class viewed themselves as a minority—sandwiched between the elite and what they believe is the world’s largest population of the “politically pampered”. And in most Budgets, they found the discourse to be dominated by farmers, the poor, women and other groups. Which is why the record ₹1 trillion…
