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The government has argued that despite the removal of indexation, the overall tax burden on property sales would decrease due to the lowered LTCG tax rate. However, experts have expressed concerns that without indexation benefits, taxpayers may face higher tax liabilities, especially on properties held for extended periods.
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How much impact did the reduction in customs duty have on gold prices? What are the current gold prices? Is this the right time to buy gold at lower prices? If you miss the opportunity to buy gold now, why you might end up regretting it? Let's find out.
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Finance Minister Nirmala Sitharaman announced NPS Vatsalya scheme in Budget 2024. What is this scheme about, and who should consider investing in it? Let's understand.
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In budget 2024, Finance Minister has announced the abolition of this tax. She said that to boost entrepreneurship and support innovation in India's startup ecosystem, this tax will be abolished for all investors.
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Under the NPS Vatsalya scheme, accounts opened in the names of minor children will automatically convert into regular NPS accounts once they reach the age of 18.
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In addition to gold and silver, Finance Minister Nirmala Sitharaman announced a reduction in the customs duty on platinum, palladium, osmium, ruthenium, and iridium to 6.4%. Once this decision comes into implementation, the prices of gold, silver, and platinum may drop.
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According to RBI data from June 28, deposits grew by 11.1% on a year-on-year basis, while loan growth stood at 17.4%. RBI Governor Shaktikanta Das has urged banks to think outside the box to increase deposits and adopt new strategies to achieve this.
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These initiatives are expected to encourage greater savings among young individuals, providing a significant boost to the economy overall
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Typically, tax refund comes within 10 to 15 days after filing the ITR. However, in many cases, it can take a month or two and there can be various reasons for this delay. Let’s understand what causes this delay.
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Increased tax exemptions on home loan interest and principal repayments in Budget 2024-25 could greatly reduce tax burdens for homebuyers
