Government Reverses Decision on LTCG Tax Indexation Benefits Introduction In a significant move impacting investors, the Indian government has reversed its earlier decision on the indexation benefits related to Long-Term Capital Gains (LTCG) tax. This decision has important implications for taxpayers and the investment community. Details of the Reversal The government’s recent announcement has reinstated…
Union Budget 2024-25 – Comprehensive Analysis Introduction to Union Budget 2024-25 The Union Budget for 2024-25 was presented by Finance Minister Nirmala Sitharaman in Parliament, outlining the government’s fiscal policies and priorities for the upcoming financial year. This year’s budget emphasizes economic growth, infrastructure development, and social welfare schemes, aiming to address key issues facing…
India’s Net Direct Tax Collections Surge by 21.8%, Surpassing Half of Budget Projections India’s economic landscape has been experiencing significant changes, especially in the realm of tax collections. In recent news, the country’s net direct tax collections have seen an extraordinary surge, exceeding even the most optimistic expectations. This article delves into the details of…
