[ad_1] Finance Minister Nirmala Sitharaman introduced customized credit cards for micro enterprises registered on the Udyam portal in her recent budget speech. This step was taken with the objective of strengthening India’s Micro, Small and Medium Enterprises (MSME) sector. These cards will come with a credit limit of â‚ą5 lakh each. These cards protect the…
[ad_1] In the past several years, a number of big and small changes have been made in the Income Tax Act, 1961. Its fallout is that an array of complexities, albeit unwittingly, have crept into it. The new income tax law, conversely, is likely to have them removed simply because it is a fresh piece of…
[ad_1] Income Tax Bill News LIVE: The Union Cabinet has approved the new Income Tax Bill on Friday, February 7, potentially leading to its introduction in the Lok Sabha early next week. This bill is part of a larger effort to reform the tax system and aims to overhaul the existing tax structure to make…
[ad_1] However, the relaxations have reduced the tax advantages of equity investments for small and medium investors, especially those with annual incomes of up to â‚ą24 lakh. Historically, investors often chose equity investments like arbitrage funds and hybrid funds like balanced advantage funds for their preferential tax treatment compared to regular income. The changing tax…
[ad_1] The participants at a discussion meeting on the recent Union Budget at GITAM School of Business in Visakhapatnam on Saturday (February 8, 2025) highlighted the Budget’s implications for private sector investment and inclusive growth. Visakhapatnam Port Authority chief accounts officer Saragadam Siva Kumar said the government took steps to correct duty inversions, protecting domestic…
[ad_1] Three sisters inherited one piece of land in 2003, but it was partitioned among the sisters in 2010. For the indexed cost of the purchase in the calculation of long-term capital gain, should we take the market value as of 2003 (date of inheritance) or the market value as of 2010 (date when the…
[ad_1] Satheesh Vellinezhi | Photo Credit: Satheesh Vellinezhi Too many letters. Oh, and I’m not talking about the Russian alphabet, although it also has way too many letters. I’m talking about modern correspondence in this digital age. (The writer apologises for the loose use of the word letters. Sadly, this writer is forever apologising). In…
[ad_1] The recent Union budget has raised the annual income threshold above which income tax kicks in to â‚ą12 lakh under the new tax regime. While this move aims to bolster middle-class spending and stimulate economic growth, it also narrows the tax base as a side-effect, placing an even greater fiscal burden on a small…
[ad_1] That the Indian economy is going through a difficult phase is no longer a matter of speculation. The Economic Survey not only made that clear, but went further by offering evidence of a decline in earnings of the self-employed in the last six years. For regular and casual workers, wages have been declining for…
[ad_1] Micro, Small and Medium Enterprises (MSMEs) have been provided with new credit cards in the Budget 2025 by the Finance Minister Nirmala Sitharaman. This is considered as a significant financial change as per experts, according to a detailed report by ANI. MSME credit card scheme Announced to the citizens during the budget speech of the…
