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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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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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While the goal of these changes is to simplify the tax structure, they will significantly impact traders and stock market experts
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The revised tax slabs in the Budget provide relief to individuals earning between 3 lakh rupees and 12 lakh rupees, and above
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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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These initiatives are expected to encourage greater savings among young individuals, providing a significant boost to the economy overall
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The National Highways Authority of India (NHAI) has issued a new rule regarding the placement of FASTag in vehicles. According to this new rule, if your vehicle does not have a FASTag, you will have to pay double the toll tax.
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According to Wood, if the government decides to increase the capital gains tax in the Budget 2024, the stock market could experience a major upheaval, potentially more severe than the decline observed after the Lok Sabha election results.
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Budget 2024 will play a crucial role in deciding if concessions for senior citizens will be reinstated by the government
