Capital Asset

Interim Budget 2024: Will FM Sitharaman tweak income tax slabs yet again? Here's what experts expect

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Interim Budget 2024: Will FM Sitharaman tweak income tax slabs yet again? Here's what experts expect

Finance Minister Nirmala Sitharaman is scheduled to present the Interim Budget 2024-25 on February 1, 2024, instead of the full Budget like other years.  Last Budget, the Centre brought in multiple new regulations for Income Tax. One notable announcement about personal taxation was the establishment of the New Income Tax Regime as the default tax … Read more

Microsoft-TikTok deal unlikely to be taxed in India, according to officials

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Microsoft-TikTok deal unlikely to be taxed in India, according to officials

Synopsis Although TikTok had a large subscriber base in India, pegged at 200 million, the value of the business is much below the threshold. The bulk of TikTok’s value is derived from its operations in the US. TikTok was recently valued at $30-50 billion, according to reports. New Delhi: Any acquisition by Microsoft of TikTok … Read more