A string of welfare schemes and promises tests the state's budget, which is already heavily dependent on central support and spends little as capital outlay.
What does this mean for you? Ramalingam Kalirajan explains.
Despite the rally in equities over the last few years, India, according to Christopher Wood, global head of equity strategy at Jefferies, is still in early stages of an equity cult. Any changes to the capital gains tax for equities - both long-term and short-term - in Budget 2024 scheduled to be announced on July 23, he believes, can trigger a bigger correction that what the markets witnessed post the Lok Sabha election outcome on June 4 that saw the Bharatiya Janata Party (BJP) lose majority, though it was able to form the government with the help of coalition partners.
A day after his appointment as the 26th governor of the Reserve Bank of India (RBI), outgoing Revenue Secretary Sanjay Malhotra on Tuesday said one must understand the economic landscape and do what was best for the economy. "Let me first go, join, understand the turf ... Here it is a different role," Malhotra said, speaking to reporters in front of North Block.
Your mother gave you those ancestral bangles at the time of your marriage as streedhan. Now you want to sell it. Then be ready to shell out capital gains tax.
'It takes time and the experience of a few market cycles to develop awareness about one's true risk appetite.'
The rationalisation of goods and services tax (GST), announced on Wednesday, directly lowers the cost of everyday medical consumables, and also high-end therapies in oncology and rare diseases, helping reduce out-of-pocket patient expenditure and better adherence to medication.
rediffGURU T S Khurana answers readers' personal income tax queries.
Taxpayers need not invest proceeds from sale of property strictly within 180 days from date of sale to get exemption under Section 54EC.
Besides higher tax outgo, P-note issuers are worried about operational difficulties
The eighth Budget of Finance Minister Nirmala Sitharaman continued to focus on 'GYAN' (Garib, Youth, Annadata, Nari) to maintain a consistent and coherent strategy initiated over the years in pursuing the government's vision for Viksit Bharat. The approach, characterised by incremental yet impactful steps, aims to create a compounding effect over time.
'Like every Budget, this time, too, there is chatter around tinkering with the long-term capital gains tax.' 'Investors may not want to jump into the markets until there is clarity on this front.'
'They are a poor fit for anyone with near-term goals, low volatility tolerance, or a need for steady income or liquidity.' 'First-time investors should typically avoid them.'
rediffGURU Samkit Maniar answers readers' personal income tax queries
Finance Minister Arun Jaitley said Sebi would develop new products in the commodity derivatives space apart from taking steps to deepen the corporate bond market.
rediffGURU Samkit Maniar answers readers' personal income tax queries
The division bench of Justices F I Rebello and D G Karnik on Monday reserved orders as to whether the Birla group's petition is admissible or not. The order will be passed on Tuesday. In the present case, the issue is whether the Birla group is liable to pay capital gains tax on the share-purchase transaction worth $150 million with AT&T Mauritius (subsidiary of AT&T).
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
The Budget proposals are expected to boost the fortunes of consumer goods and fast-moving consumer goods companies, which have been struggling with poor consumer demand for more than a year. The Budget announcements, such as the increase in standard deduction by Rs 25,000 for income-tax payers and slab revisions, will put more money in their hands, boosting consumer demand. Private consumption is also likely to benefit from a new scheme to offer internships to 10 million youths in the country's top 500 companies.
Gold prices surged Rs 2,200 to hit a fresh peak of Rs 116,200 per 10 grams in the national capital on Monday buoyed by strong global cues as investors awaited key commentary from US Fed officials for policy direction. According to the All India Sarafa Association, the precious metal of 99.9 per cent purity had closed at Rs 1,14,000 per 10 grams on Friday.
Sentiments may get impacted as mutual funds have been gaining traction among investors as route to invest in stock markets
'Given that debt AIFs, by nature, target a higher portfolio return, it is likely to attract investors like HNIs, family offices, etc, looking for a higher yield debt product.'
'Maintain a balanced approach with a preference for short-to medium-duration funds.'
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Treaty shopping by investors to be over if island nation budges on capital gains tax.
Co-working spaces provider WeWork India is aiming for a revenue growth of over 20 per cent for the coming years, even as its initial public offering (IPO) with only an offer for sale (OFS) component gets valued at Rs 3,000 crore at the top of the price band. The IPO opens on October 3, a newspaper advertisement said.
Growth accelerated for Zomato operator Eternal in the second quarter of financial year 2026 (Q2FY26). Zomato's business to commerce (B2C) operations delivered a strong 57 per cent year-on-year (Y-o-Y) rise in net order value (NOV) to Rs 23,164 crore while consolidated revenue soared 183 per cent Y-o-Y (90 per cent Q-o-Q) to Rs 13,590 crore during the period, with like-for-like (LFL) growth of 65 per cent, and acceleration in the quick commerce (QC) segment, which recorded NOV growth of 137 per cent Y-o-Y (27 per cent Q-o-Q).
However if the Short Term Capital Gain is on account of shares or equity oriented mutual fund, on which Securities Transaction Tax was levied, then the gain will be taxed @ 10% only. Only gains part is charged to tax.
The tax imposed on buyback of shares and employee stock options is different in case of listed and unlisted companies, says Sudipto Dey
The Finance Ministry on Monday said Cairn Energy Plc is likely to pay close to $1 billion as capital gains tax on the $8.48 billion it expects to get from selling majority stake in its India arm to Vedanta Resources.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
Finance ministry lines up major plans to be implemented within three months.
Market downturns or regulatory shifts can reduce liquidity, making it harder to buy or sell assets when needed.
The proposed tax exemptions and benefits notwithstanding, these new investment instruments would still be 'revenue accretive' for the government in the form of additional taxes.
Everyone (with some exceptions) whose estimated tax liability is Rs 10,000 or more in a financial year must pay advance tax.
Virat Kohli faces SM ire over the price of bhutta served at his restaurant.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Exemption from minimum alternate tax for REITs & infrastructure investment trusts; Depository receipts on all securities eligible for tax benefit
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