[ad_1] Your income from letting out of a house or part of your house will henceforth not be charged under the head āprofits and gains of business or professionā. Instead, it will be chargeable only under the head āincome from house propertyā. The government announced this change in tax regulation in the Union Budget 2024.Ā …
[ad_1] Budget 2024: In a shock to investors, Finance Minister Nirmala Sitharaman, in her presentation of the Union Budget for FY 2024-25, announced several key tax changes impacting capital gains and trading activities. FM announced that the long-term capital gains tax rate on all financial and non-financial assets will rise from 10% to 12.5%, with…
[ad_1] In Budget 2024, Union Finance and Corporate Affairs Minister Nirmala Sitharaman revised income tax slabs under the New Tax Regime, offering considerable savings in the hands of salaried taxpayers. After the revision of income tax slabs, there is no tax liability for income up to ā¹3 lakh. However, as the changes announced in Budget…
[ad_1] In the Union Budget 2024 presented by Finance Minister Nirmala Sitharaman on Tuesday, lower tax rates have been introduced under the new tax regime (NTR), indicating that the old tax regime will be eased out gradually. With the latest changes, the salaried taxpayers stand to save a maximum of ā¹17,500. The new tax regime,…
[ad_1] Finance Minister has announced changes in tax slabs in the budget 2024 presented on July 23. The rate of taxation remains unchanged, however the size of each of the slabs, excluding the initial zero rate for income upto ā¹3 lakh remains unchanged. The slab of ā¹3 lakh to ā¹6 lakh has been expanded to…
[ad_1] All India Institute of Medical Sciences (AIIMS) in Delhi. | Photo Credit: SANDEEP SAXENA Keralaās much-anticipated and decades-long dream of having an All India Institutes of Medical Sciences (AIIMS)-like institution on its soil was dashed yet again when the proposal found no mention in the Union Budget 2024-25 presented by Finance Minister Nirmala Sitharaman…
[ad_1] Finance Minister Nirmala Sitharaman has raised taxes on capital gains from equity investments. As per the Budget 2024 announcements, the government plans to levy a 20% tax on financial assets held for less than 12 months, up from 15%. It also increased the tax on long-term capital gains to 12.5% from 10% on all…
[ad_1] Bihar Chief Minister Nitish Kumar said on Tuesday it’s a “beginning” after the Centre allotted special aid to facilitate development in the state but denied the long-standing demand for Bihar’s special status. āWe were speaking of special status, and a lot of people said that the provision for special status has been done away…
[ad_1] Budget 2024: With an aim to recognise first-time employees, Union Finance Minister Nirmala Sitharaman on Tuesday announced three employment-linked incentive schemes for employers and employees based on enrolment in the Employees’ Provident Fund Organisation (EPFO). These three schemes, including Scheme A (one month’s salary for freshers), Scheme B (job creation in manufacturing), and Scheme…
[ad_1] Image used for representative purpsoe only | Photo Credit: K.R. Deepak Shares of producers and exporters of seafood products’ firms jumped on July 23 after Finance Minister Nirmamala Sitharaman said the government will provide finance for shrimp farming and marketing. Presenting the Union Budget for 2024-25, Sitharaman said that the government has reduced the…
