In April 2025, investors holding select Sovereign Gold Bonds (SGBs) from the 2017-18 series will have the option for early redemption. The bonds eligible for redemption include SGB 2017-18 Series III, IV, and V, with redemption dates scheduled for April 16, April 23, and April 30. These bonds were originally issued at prices varying from … Read more
NPS vs OPS: The Central Pension Accounting Office has recently released updated guidelines aimed at ensuring retired employees of the National Pension System receive their pensions in a timely manner. In a memo dated March 12, 2025, the CPAO has reiterated to officials involved in processing NPS pension cases that they should adhere to the … Read more
The Senior Citizens Savings Scheme (SCSS) is designed specifically for elderly individuals residing in India. This scheme provides a reliable source of income along with top-notch security and tax advantages. Eligible senior citizens residing in India have the option to invest a lump sum amount in the scheme either individually or jointly, in order to … Read more
Income Tax Bill 2025: Finance Minister Nirmala Sitharaman on Thursday tabled the much-awaited Income Tax Bill 2025, which would replace the 1961’s Income Tax Act. The bill restructures provisions by increasing the number of sections while reducing overall length, enhancing clarity and ease of interpretation. Experts noted that there has been a notable attempt to … Read more
Venture capitalist Avirat Bhatnagar stirred a debate with his recent LinkedIn post, offering a stark classification of India’s wealth tiers: ₹10 lakh: Middle class ₹1 crore: Rich ₹10 crore: High Net Worth Individual (HNI) ₹100 crore: Wealthy ₹1,000 crore: Generational wealth While this framework may appear straightforward, responses from industry voices suggest that defining wealth … Read more
How profits on mutual funds are taxed for a salaried person? In addition to my salary income, I have income from equity mutual funds. How will my tax liability be calculated? Reply by Balwant Jain, a tax expert. How much tax do I have to pay? Calculate now Your salary and profits realized on redemption … Read more
Tax query: I am 28 years old and still unemployed. My mom gives me Rs 30,000 as pocket money every month. Will I have to pay taxes? I am going to file my ITR nevertheless but not sure if I have to pay any taxes on the money that is credited into my account. My … Read more
Tax changes from October 1: In her first Budget presentation under the Modi 3.0 government, Finance Minister Nirmala Sitharaman introduced significant alterations to the taxation system, particularly affecting investors and shareholders. Among the key changes announced was the hike of the securities transaction tax (STT) on Futures & Options (F&O) of securities to 0.02% and … Read more
The GST Council on Monday (September 9, 2024) is expected to deliberate on a host of issues, including taxation of insurance premium, GoM’s suggestions on rate rationalisation, and a status report on online gaming, sources said. Sources claimed the fitment committee, comprising Centre and State tax officials, will present a report on GST levied on … Read more
Rathin Roy, prominent economist and former member of the Prime Minister’s Economic Advisory Council (PMEAC), dismissed the increase in capital gains tax as irrelevant to the fiscal health of India. In an interview to Moneycontrol, Roy said adjusting the capital gains tax, whether doubling or halving it, would scarcely impact the country’s tax revenue. He … Read more