[ad_1] The push for lithium-ion batteries could make electric vehicles more affordable and drive manufacturing and sales of EVs.EV and battery manufacturers said the exemption of lithium-ion batteries, motors, controllers, and essential materials such as cobalt powder and zinc from the capital goods list will accelerate deeper backward integration by TN’s EV cos and encourage…
[ad_1] 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…
[ad_1] Is it better to stay on rent or get your own place? It’s complicated, to borrow a phrase from romantic conundrums. So, should one spend a big sum on a house property – especially with the help of a home loan – given that prices are higher and the capital appreciation in many towns…
[ad_1] 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…
[ad_1] 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…
[ad_1] Taking forward the call for deregulation in the Economic Survey, FM Nirmala Sitharaman is seeking to significantly cut red tape and promote ease of doing business to achieve India’s aim of becoming a developed country in the coming years.Govt will now bring up Jan Vishwas Bill 2.0 to decriminalise over 100 more provisions under…
[ad_1] India’s military modernisation will continue in its typical slow, haphazard manner without any big bangs, with defence outlay getting a modest 9.5% hike over last fiscal’s budgetary estimates and 6.3% over the revised ones.The defence Budget was pegged at Rs 6.8 lakh crore ($79 billion), which works out to just 1.9% of the projected…
[ad_1] Continuing its thrust on capital expenditure (capex) to create assets, the govt has allocated Rs 11.2 lakh crore for 2025-26, an increase of 10% than the revised estimate of the current financial year. The Budget also focusses on attracting more private investment in infrastructure by taking up projects on public-private partnership (PPP) mode.Going by…
[ad_1] Nirmala Sitharaman’s 8th consecutive Budget – a record – bets on a consumption expenditure boost from tax giveaways, the largest ever in absolute terms, and yet banks on a big jump in income tax revenue to lower the fiscal deficit. The Budget was clearly a response to the govt sensing middle class angst. The…
[ad_1] Restaurant and cinema owners, travel operators, alcoholic beverage makers all expect better days, with the tax reliefs putting more money in the hands of people.Sagar Daryani, president of the National Restaurant Association of India and co-founder of Wow! Momo, said the restaurant sector saw declining footfalls over the past year. “But now, there is…
