NRIs can repatriate the proceeds from the sale of a residential property in India, provided they meet a few conditions.
The proposal will benefit 1.8 crore tax payers
"This is completely untrue. Please do not re-circulate such message without checking it with authority," Adhia said.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Capital gains exemption limit and a steep reduction in the highest surcharge will empower the masses with enhanced liquidity flow that can be invested in real estate, points out Dhaval Ajmera.
From July 1, retail investors can offer stocks through exchanges for de-listing, buyback and open offers
Avoid discontinuing your SIPs. Persist for at least 7-10 years.
The total revenue earned by central government and state governments after regular settlement in December was Rs 43,851 crore for CGST and Rs 46,252 crore for SGST.
It would be interesting to see what the government proposes to investors.
An NCD's credit rating will tell you whether risk possibility is high or low. Instruments rated below AA are regarded as high-risk.
The finance minister has stayed true to her commitment to fiscal consolidation, even though the pace of the decline in the deficit could have been faster, notes A K Bhattacharya.
From 0% to 28%, here's the breakup of what attracts how much GST.
Crorepatis' income rose by a staggering 40% between 2015-2016 and 2017-2018.
Online skill-based gaming industry has made a case for retaining the service under 18 per cent GST slab instead of putting it into the highest 28 per cent tax rate category, saying the move will badly hit the $2.2-billion sector. The increase in taxation would not only have catastrophic impact on the industry but also encourage offshore operators who would circumvent Indian tax jurisdiction by hosting games in some other country, Games24x7 Co-CEO Trivikraman Thampy said. "It would be a triple whammy -- the industry loses out, the government loses out on tax revenue and players loses out as they would be exposed to unscrupulous operators," he said.
Lupin was the top gainer after the USFDA cleared its Goa facility
Common people expect the government to be aggressive and opt for growth related measures in the upcoming Budget.
The finance ministry has said that the Goods and Services Tax will not apply on room rents of 'sarais' (inns) or properties managed by religious and charitable institutions. The clarification was issued by the Central Board of Indirect Taxes and Customs (CBIC) on Thursday evening to clear the confusion with regard to the levy of GST on room rents. This clarification by the Finance Ministry came following a demand from various quarters including AAP MP Raghav Chadha that the GST on rooms rented by religious institutions be withdrawn.
Avoid discontinuing your SIPs. Persist for at least 7-10 years.
rediffGURU and financial planning expert Colonel Sanjeev Govila (retd) answers your personal finance-related questions.
'Banks will continue to increase FD rates to attract more deposits and meet the increasing demand for credit.'
The finance minister is likely to announce the government's vision for a tax-friendly regime by raising the I-T exemption limit from the current Rs 250,000 per annum.
Only luxury and 'sin' items could be left in highest slab. 12 and 18 per cent slabs could be merged in the future
Maruti Suzuki, Tata Motors and Hyundai stand to gain the maximum, given their large portfolio of products in the sub-4 meter segment.
Balanced advantage funds have the potential to earn superior risk-adjusted returns for the investor and offer a smoother investment journey.
Growth in incomes in the top most slabs have increased substantially compared to (a) previous two years and (b) lower income brackets
But it is disappointing to note that Sitharaman's third Union Budget continues to promote a few problematic ideas, observes A K Bhattacharya.
Through this transaction, Amazon has managed to acquire around a 3.6 per cent stake in the Future group.
The Securities and Exchange Board of India (Sebi) is considering a proposal to allow mutual funds (MFs) to charge a fee based on their performance, said Ananta Barua, whole-time member of the markets regulator. He said the proposal is being reviewed by a working group formed to look into cost structures. "One working group has been set up which is going to review... One of the suggestions is that if any scheme or fund is performing well above the benchmark, it (fee) can be linked to its performance.
The basics and history of India's tax policy suggests that increase in the number of taxpayers has occurred and so has compliance with a reduction of tax slabs and moderate rates of tax.
'We have promised to ensure reduced tax rates.'
'Many of those who invested in NCD issues are those who traditionally put their money in fixed deposits...'
There are, however, a few aspects to factor in before considering G-Secs as an investment option, advises Bindisha Sarang.
Cigarette companies have substantial wriggle room thanks to India's complex tax structure, which categorises them by length and filter
Assembly elections coming up in November and December could offer a window of opportunity to the government to make GST attractive through rate cuts.
Criticising various provisions in the proposed GST regime, Moily said it will be a "technological nightmare" and the anti-profiteering provisions in it are "far too draconian."
Senior citizens should avoid putting their entire retirement corpus in SCSS.
Mohandas Pai took part in an hour-long chat on rediff.com
The Budget oration of the finance minister and the confidence with which she delivered it, along with the measures and the recent upsurge in the economy would all contribute to unleashing the storied 'animal spirits' and help the economy run on the growth path quite smoothly. Or so the government hopes, notes Shreekant Sambrani.
Lock into these long-term bonds for higher interest rates and capital appreciation
Investors not comfortable investing directly may take the mutual fund route, where they get exposure to a diversified portfolio of bonds.
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