Latest income tax slabs: The slab rates are easy to remember, slab changes with every block of 4 lakh and corresponding tax rates changes 5% up to six blocks By Anand DheliaAs a common man of India, I would like to compliment and thank Hon’ble Finance Minister (FM) for being considerate towards the middle class and salaried taxpayers who generally …
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NEW DELHI: Finance minister Nirmala Sitharaman, paraphrasing Abraham Lincoln, described the Union Budget as “by the people, for the people, of the people” during an interview with PTI on Sunday. She said that Prime Minister Narendra Modi was fully supportive of tax cuts, but bureaucratic hurdles delayed the decision. “We have heard the voice of the middle class,” she said, …
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Cryptocurrencies such as Bitcoin and Ethereum (and many other popular ones) have rapidly transitioned from being niche digital assets to investment opportunities in India, attracting the attention of investors and tax authorities.The Finance Act, 2022 introduced a framework to specifically tax VDAs, including cryptocurrencies, treating them as virtual digital assets (VDAs). Income from the transfer of VDAs is subject to …
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Two types– Long term capital gains (LTCG), Short term capital gains (STCG)But first what is indexation?Indexation in capital gains tax adjusts the purchase price of an asset for inflation, reducing taxable gains and lowering the tax burden. Set-off provisions for capital losses Loss on a long-term capital asset can only be set off against gains from another long-term capital asset …
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NEW DELHI: Finance minister Nirmala Sitharaman, presenting the Union Budget 2025-26 on Saturday, announced a significant increase in allocations for women and child development programs, along with key relief measures for senior citizens and vulnerable communities. Addressing concerns over old National Savings Scheme (NSS) accounts, Sitharaman announced that withdrawals from these accounts, which no longer accrue interest, will be exempt …
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NEW DELHI: Gold prices surged to a new all-time high of Rs 83,360 per 10 grams in futures trading on Saturday, driven by strong market demand, according to news agency PTI.During early trading on the Multi Commodity Exchange, April delivery gold contracts achieved this unprecedented level. Similarly, the contract moderated to Rs 82,233 per 10 grams, showing an increase of …
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PM Modi and Union home minister Amit Shah (R) NEW DELHI: Union home minister Amit Shah on Saturday praised Prime Minister Narendra Modi and finance minister Nirmala Sitharaman for presenting a “comprehensive and visionary” Union Budget 2025.Calling it a blueprint for a “developed and best India in every field,” Shah pointed out key aspects of the budget, particularly the exemption …
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Finance Minister Nirmala Sitharaman, presenting the Union budget 2025, announced plans for 1.5 lakh rural post offices to boost the rural economy. The budget includes a new urea plant in Assam and enhanced investment limits for MSMEs. The government will also support the National Cooperative Development Corporation to aid small businesses and farmers. NEW DELHI: Finance minister Nirmala Sitharaman, while …
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NEW DELHI: Union finance minister Nirmala Sitharaman on Saturday proposed establishing a Makhana Board in Bihar. In her budget speech, she emphasised that the Union government’s focus would be on ‘garib, youth, annadata and nari’. Makhana (foxnuts) is widely produced and consumed in Bihar. “Makhana Board will be established in Bihar to improve production and processing of fox nut,” said …
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Finance Minister Nirmala Sitharaman on Saturday announced the creation of Makhana Board in Bihar in the Union Budget 2025. As per reports, Makhana Board will be established in Bihar to improve processing, value addition of this lesser-known protein-rich food item. The board will provide handholding and trade related technologies. It will also work to ensure farmers receive benefits of all …
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