Finance Minister Nirmala Sitharaman has defended the recent tax increases, saying that the government does not want more money and rather wants to ensure a uniform treatment of all asset classes. “Taxes have not been increased because I want more money… The decision is based on the idea that every asset class has to be…
Maybe you’re thinking of biting the bullet and getting a fancy iPhone as your next big purchase. Maybe the slick advertising has finally won you over, or maybe you’re tired of being the only Android user in your circle of friends. Or maybe you really are a power user who will get a lot of…
In the recent past, did you make a remittance outside India under the LRS scheme for your child’s education or book an overseas tour package? Based on the transaction amount, you must have paid Tax Collected at Source (TCS) of 5% or 20%. To claim the TCS amount paid, you will have to wait till…
Serious investors unanimously praise Terry Smith as the British counterpart to Warren Buffett, lauding how he has enriched countless individuals through astute stock market investments. As a revered english fund manager and the founder of Fundsmith, an esteemed investment management firm, Smith is celebrated for his dedication to value investing and his consistent delivery of…
The Union Budget 2024 brought substantial revisions to the new tax system, enhancing its appeal to taxpayers. The standard deduction has been raised from â‚ą50,000 to â‚ą75,000 in the new tax regime introduced in this year’s budget announcement. Individuals earning up to â‚ą7 lakh per year will be exempt from paying income tax. The objective…
Breakout stocks to buy or sell: Following weak global stock market trends on a tech-fuelled sell-off at Wall Street, the Indian stock market ended lower for the fifth straight session on Thursday. The Nifty 50 index ended almost flat at 24,416; the BSE Sensex lost 109 points and closed at 80,039, whereas the Bank Nifty…
Sanstar IPO: The listing date of the initial public offering (IPO) of Sanstar Limited has been fixed on 26th July 2024, i.e. today. According to the BSE notice, effective from Friday, July 26, 2024, the equity shares of Sanstar Limited shall be listed and admitted to dealings on the BSE and NSE in the list…
With the new rules effective from 23 July, the shift from a 20% LTCG tax rate with indexation benefits to a reduced rate of 12.5% without indexation could dramatically increase your tax burden from property sales, especially for those who have seen modest appreciation in their investments. As the real estate markets grapple with this…
Latest Market News Today Live Updates: Catch today’s market wrap-up! Track Nifty 50 and Sensex movements, along with top gainers and losers. See how Asian and US markets fared and which sectors led the charge (or declined). Summary: Follow Mint’s market blog for real-time updates on your favourite companies. This blog keeps you informed on…
Shares of Ford Motor Co. are tumbling Thursday after the automaker’s second-quarter adjusted profit badly missed Wall Street’s expectations as it spent more money fixing customers’ cars and trucks. Late Wednesday Ford reported an adjusted profit of 47 cents per share. That was far short of industry analysts’ estimates of 68 cents, according to FactSet….
