Warren Buffett released his annual letter to shareholders on Saturday, reaffirming his preference for stocks over cash despite Berkshire Hathaway’s massive cash reserves. He also praised his successor, Greg Abel, highlighting his ability to identify investment opportunities and drawing comparisons to the late Charlie Munger. Source link
“The government can be a little more generous in increasing the slab rates and making sure that the starting base on which personal taxes are paid goes higher than what it is now,” says Gokul Chaudhri, President (Tax), Deloitte India.I am going to first start with where do we stand in terms of the tax … Read more
India’s consumer spending patterns are changing, and not in a way you’d expect. Despite rising incomes and aspirations, people with discretionary income are tightening their wallets, wary of price hikes that defy logic. Wisdom Hatch founder Akshat Shrivastava laid bare this dilemma in a post on X. How much tax do I have to pay? … Read more
The Union Budget for 2024-25 increased the short-term capital gains (STCG) tax rate from 15% to 20% and the long-term capital gains (LTCG) tax rate from 10% to 12.5%. This widening of the tax gap from 5% to 7.5% has sparked considerable discussion about the challenges it poses for PMS strategies, especially those with high … Read more
Abhay Soi, MD & CEO, Max Healthcare, says in the previous year, EBITDA to free cash flow translation used to be 78%, it has come down to 70%. It is due to the higher amount of taxes that Max Healthcare is paying. Soi further says that any hospital chain which has capacity constraints going forward … Read more
When it comes to parking one’s hard-earned money into safe investment tools, fixed deposit schemes are still the most chased ones looking at the volatility in the market. As the Reserve Bank of India kept the repo rate at the same level, many banks have tweaked their fixed deposit rates to attract customers. In the … Read more
Although Union Finance Minister Nirmala Sitharaman will be presenting the Interim Budget ahead of the scheduled Lok Sabha elections in May, startups and experts feel that the government should offer clarity on ESOP taxation to benefit start-up employees. ESOPs (Employee Stock Ownership Plans) are employee incentives that companies use to attract, reward, and retain talent. … Read more
BJP State president Daggubati Purandeswari demanded that the YSR Congress Government should explain why the taxes on petrol and diesel were high in Andhra Pradesh. In a message on ‘X’ on September 3, Ms. Purandeswari said the Central Government has reduced the tax on petroleum twice, and wondered why the A.P. Government could not bring … Read more
BJP Leaders Basavaraj Bommai, Sunil kumar and Chief Minister Siddaramaiah having a meeting at Speakar U. T. Khader’s chamber at Vidhana Soudha. | Photo Credit: The Hindu On the eve of the presentation of the State Budget, BJP leader and former Chief Minister Basavaraj Bommai urged Chief Minister Siddaramaiah to desist from imposing new taxes, … Read more
Madhya Pradesh Finance Minister Jagdish Devda presents the State Budget 2023-24 in the Assembly, in Bhopal on Wednesday, March 1, 2023. Madhya Pradesh Chief Minister Shivraj Singh Chouhan is also seen. | Photo Credit: PTI The Shivraj Singh Chouhan government in Madhya Pradesh has kept its last Budget of the outgoing Assembly a youth-and women-centric … Read more