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Source: Live Mint The Union Budget 2025 is just around the corner, and taxpayers are keeping a close watch. Over the years, the middle class has shouldered a big part of the tax burden, with individual tax collections doubling from ₹4.8 lakh crore in FY21 to ₹10.4 lakh crore in FY24. This year, many are…
Source: Live Mint Budget Technical Outlook: As the Union Budget 2025 approaches, volatility remains a key concern. According to Motilal Oswal Financial Services (MOSL), the index has been forming lower highs and lower lows on monthly and weekly charts, witnessing a sharp correction of around 3,500 points from 26,277 to 22,786 over the last four…
Source: Live Mint PSU banks, oil refining, Infrastructure EPC and power are among the key sectors to watch out for amid the current geopolitical and macroeconomic environment, according to Hemant Majethia, CEO & Co-Founder of Ventura Securities. In an interview with Livemint, Majethia shares his insights on Budget 2025 expectations, market valuations, and investment opportunities…
Source: Live Mint With less than a week to go for the Union Budget 2025, discussions around capital gains tax have centre stage among market participants. While the concept of capital gains tax is not new, its structure and recent amendments have significantly influenced market sentiments. Capital gains tax is levied on the profit earned…
Source: Live Mint New Delhi, Jan 23 (PTI) Overall demand continues to remain soft as inflation of food, educational and telecom expenses put pressure on disposable income of the average Indian, and steps to leave more money in their hands in the upcoming Budget will be a welcome move, Pidilite Industries Ltd Managing Director Designate,…
Source: Live Mint Budget 2025: Finance Minister Nirmala Sitharaman, in the Union Budget 2024, had proposed to revamp the Income Tax Act, 1961, to make it concise and easier to understand. It is expected that in the upcoming budget session on February 1, a new Income Tax Act may be proposed. The government may introduce…
Source: Live Mint Amid expectations the upcoming budget will address the issue, experts suggest steps such as reintroducing the faceless regime with personal hearings to handle complex cases, ramping up staffing, alternative dispute resolution mechanisms and mandating a one-year deadline to dispose of appeals. As per the Central Action Plan data, about 550,000 appeals were…
Source: Live Mint Budget 2025: Finance Minister Nirmala Sitharaman is scheduled to present the Union Budget for FY26 on February 1, 2025. Preparing the Union Budget is a delicate balancing act for the government, as it must navigate the challenging task of maintaining fiscal discipline while addressing the aspirations of millions of citizens and businesses…
Source: Live Mint A press release issued on 2 August 2024 showed that 72% of taxpayers who filed their returns by 31 July 2024 chose the new tax regime, up from 67 percent in FY23. While it’s heartening to see the majority of taxpayers moving to the new regime, there’s been a marginal increase of…
