The area of the house proposed to be sold is 1725.9 sq.ft and the sale price is Rs 1.72 crore to be shared equally between my elder sister and myself. The circle rate as on 01.04.2001 was Rs 3400 per square metre and the present circle rate April 2024 is Rs 19000 per square metre. … Read more
The Ministry of Labour and Employment has directed the Employees’ Provident Fund Organisation (EPFO) to ensure that employees activate their Universal Account Number (UAN) using Aadhaar-based OTP. This initiative is designed to assist employees and employers in taking advantage of the Employment Linked Incentive (ELI) Scheme introduced in the Union Budget 2024-25. Activating UAN is … Read more
The Income Tax department has clarified that the cost of acquisition of real estate properties purchased before 2001 will be the fair market value (FMV, not exceeding the stamp duty value) as of April 1, 2001, or the actual cost of the land or building for the purpose of calculation of long-term capital gains (LTCG) … Read more
Jairam Varadaraj | Photo Credit: The Hindu The world is witnessing unprecedented disruptions and uncertainty. India, however, presents the promise of growth, stability, and opportunities for investment. To avail of these opportunities, multiple steps were necessary: strong capital expenditure and infrastructure push by the Indian government; significant support to small and medium enterprises; job creation … Read more
Sometimes the most helpful of things can have an unintentional fallout. Take the 45-day payment rule for MSMEs for instance. With preparation underway for the Union Budget 2024-25, finance ministry officials are trying to understand the unintended impact of the new provision under the Income Tax Act that mandates payments to micro, small and medium … Read more
Budget 2024-25: In the upcoming Union Budget 2024-25 many sectors and segments are expecting subsidies, tax relief, and other subsidies. One such segment is women. Finance Minister Nirmala Sitharaman, along with her team, is expected to introduce a range of policies focused on empowering women in the forthcoming full Budget. These policies may include the … Read more