‘Can we start 5% tax on Rs 50 lakh income…’: Netizens request FM for tax simplification

‘Can we start 5% tax on Rs 50 lakh income…’: Netizens request FM for tax simplification

The Economic Survey for 2024-25 revealed that the annual growth rate of agricultural income has been 5.23% over the past ten years. Agriculture and its associated activities have always been a crucial pillar of India’s economy, playing a substantial role in both national income and employment generation. However, ahead of the Budget for 2025, there … Read more

Union Budget 2024: Major changes in Capital Gains Tax Regime. Holding period, tax rates explained  

Union Budget 2024: Major changes in Capital Gains Tax Regime. Holding period, tax rates explained  

BUDGET 2024: In a shock to stock market investors, Finance Minister Nirmala Sitharaman on Tuesday announced an increase in both long-term and short-term capital gains tax. FM Sitharaman said that going forward, short-term capital gains on specific financial assets will be subject to a tax rate of 20%, a 5% increase from the previous rate of … Read more