Gold outlook: The recent Budget’s decision to reduce the import duty on gold from 15% to 6% has left investors in paper gold feeling cheated. The announcement caused domestic gold prices to plummet by more than 8%, from Rs 74,080 to Rs 68,388 per 10 grams. Gold ETFs and sovereign gold bonds, which are linked
Capital gain tax: The Union Budget 2024-25, presented by Finance Minister Nirmala Sitharaman, has introduced significant modifications to the capital gains tax structure, presenting a mix of challenges and advantages for investors. FM Sitharaman’s announcement included adjustments in the holding period and Long-Term Capital Gains (LTCG) tax rate, with the Short-Term Capital Gains (STCG) tax
Budget 2024 proposes a higher tax on certain capital gains for non-residents. However, it has also proposed to reduce on certain assets. The new tax rate will apply only on transfers made on or after July 23, 2024. The revision is aimed at bringing parity between resident and non resident taxation structure.NRI tax hiked on
The Budget 2024 amendments have introduced significant changes to the definition of specified mutual funds, making international funds and funds of funds (FOF) more attractive to investors. The key highlight of these amendments is the reinstatement of indexation benefits, which will now apply to these categories. Additionally, long-term capital gains will only be charged if
Public debt arises when government expenditures exceed its revenue from taxes and other sources, necessitating borrowing from domestic and international markets.In essence, public debt includes all liabilities of the central government funded through the Consolidated Fund of India. This debt is categorized into internal and external components, with internal debt further subdivided into marketable and
The Union Budget 2024 introduced significant changes in the taxation of mutual funds, impacting both short-term and long-term capital gains. Image: Shutterstock Sunainaa Chadha NEW DELHI Union Budget 2024 has introduced several changes to the tax rules for mutual fund investments. Let’s break down what this means for you: Short-Term Capital Gains (STCG) Click here
The finance minister Nirmala Sitharaman has proposed following changes in the capital gains taxation regime in Budget 2024:1. Short term gains on listed equity shall attract a tax rate of 20% from 15% currently, while that on all other financial assets and all non-financial assets shall continue to attract the applicable tax rate.2. Long term