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Source: Live Mint Non-resident Indians play a vital role in India’s economic and social progress, significantly contributing to the country’s growth through remittances, investments, entrepreneurship, and international trade. As the Union Budget for 2025-26 approaches, NRIs will be looking for clarity on certain rules as well as incentives and reforms that could strengthen their contribution…
Source: Live Mint As Finance Minister Nirmala Sitharaman prepares for Budget 2025 announcements, several anticipated income tax reforms may impact salaried people. The upcoming budget may include reforms to aid taxpayers, especially given rising inflation and financial restrictions. In a telephone conversation with Mint, Mumbai-based tax and investment expert Balwant Jain listed five crucial tax…
Source: Live Mint Ahead of Budget 2025, the Association of Mutual Funds in India (AMFI) has made a set of demands to favour the mutual fund industry. One key demand is to restore indexation benefits for debt mutual funds. Most of the other key expectations include addressing tax-related concerns. The mutual fund houses (represented through…
Source: Live Mint If you regularly invest in financial assets and have recently redeemed some of your investments, it is noteworthy that the profits earned on these gains are subject to capital gains tax. While we are in the run-up to the Budget 2025, it is worth recalling that the previous Budget, announced on July…
Source: Live Mint Expert View: The Indian stock market’s performance in 2024 was notably positive, with the domestic equity benchmarks Sensex and Nifty 50 logging gains of nearly nine per cent each. Nifty 50 crossed its milestone from 22,000 to 26,000 in a relatively short period. However, the second half of the year was met…
Source: Live Mint Every year, India’s salaried class eagerly awaits relief in income tax. This year, the middle class is also penning all their hopes for FM Nirmala Sitharaman, when she presents Budget 2025 on February 1. According to a Reuters report, the government is actively considering tax relief for the middle class, particularly earning…
Source: Live Mint Hence, the focus will be on employment generation, skill development, and providing relief to a large mass of people distressed by inflation, with the overall objective of pushing up the GDP growth rate. Let’s do some crystal ball gazing and share ideas on the direction that the Budget 2025 proposals may take…
