The Cost Inflation Index (CII) is a measure used by the Income Tax Department of India to account for inflation when calculating long-term capital gains on the sale of assets. It was a critical tool for taxpayers; it helped reduce the tax burden on capital gains by adjusting the asset’s purchase price for inflation. However, … Read more
When investors are kicking the tires of a potential investment, one of the most important things they look for—after the entrepreneur’s dedication to their idea—is whether their offering is really necessary. Image: Shutterstock As early stage entrepreneurs make the funding rounds, they are going to be pitching to a lot of people like Carter Cast. … Read more
4 min read Last Updated : Jul 25 2024 | 12:26 AM IST “Turning attention to full year and beyond, we particularly focus on employment, skilling, MSMEs (micro, small and medium enterprises) and the middle class,” said Finance Minister Nirmala Sitharaman, clearly summing up the government’s intent while presenting this year’s Union Budget. … Read more
Do not travel to: The union territory of Jammu and Kashmir (except the eastern Ladakh region and its capital, Leh) due to terrorism and civil unrest: US travel advisory | (Photo Credit: Adobe stock photo) 4 min read Last Updated : Jul 24 2024 | 11:46 PM IST The US has asked its nationals … Read more
In the middle, Priyank Kharge, minister for the department of electronics, IT, Bt, and rural development and Panchayati Raj, Karnataka government, along with tech industry stakeholders 4 min read Last Updated : Jul 25 2024 | 1:14 AM IST Bengaluru stands at the forefront of India’s start-up revolution and is home to 45 of … Read more
INDIA bloc leaders, including Leader of Opposition Rahul Gandhi, Congress parliamentary party chief Sonia Gandhi, Samajwadi Party chief Akhilesh Yadav, stage a protest at Parliament on Wednesday | Photo: PTI 6 min read Last Updated : Jul 25 2024 | 12:24 AM IST Finance Minister Nirmala Sitharaman on Wednesday termed “outrageous” the Opposition’s allegations that … Read more
4 min read Last Updated : Jul 24 2024 | 11:13 PM IST Finance Secretary T V SOMANATHAN in conversation with Ruchika Chitravanshi, Shrimi Choudhary, and Asit Ranjan Mishra discusses the Union Budget’s emphasis on employment, skills, and state-level reforms. Edited excerpts: The Economic Survey has stated that around 8 million jobs … Read more
Experts say the proposed LTCG tax norms could be advantageous or disadvantageous to those who sell real estate, depending on the situation. 5 min read Last Updated : Jul 24 2024 | 11:19 PM IST The Union Budget on Tuesday proposed to change the long-term capital gains (LTCG) tax rate on the sale of … Read more
Revenue Secretary Sanjay Malhotra says that the revised projection for corporate tax in 2024-25 (FY25) reflects the decline in profits of the top 170 companies during the first quarter of the current financial year. In conversation with Shrimi Choudhary, the senior bureaucrat discusses several tax-related announcements in the Union Budget. Edited excerpts: Has the … Read more
A day after presenting the Union Budget for 2024-25, Finance Minister Nirmala Sitharaman spoke to Shrimi Choudhary, Ruchika Chitravanshi, Asit Ranjan Mishra & Nivedita Mookerji on issues ranging from the private sector’s role in job creation to coalition needs in making Budgets, at her North Block office. Edited excerpts: Was the seventh Budget … Read more