Was it a Budget of expectations?
The Union Budget 2024-25 presented by Finance Minister Nirmala Sitharaman introduced changes to the income tax regime, for salaried employees & those opting for the new tax regime.
1. Standard Deduction Increase: T
The 3 Streams Of Income
Rental Property:
From renting out property
Royalty Income:
From others using your work
Capital Gains:
When assets increase in value
0 replies5 likes
Sagar Anantwar
•
SimpliFin • 1m
In Investing, 20% = 25%. I haven’t gone crazy…
When investing in stocks or smallcases, frequent rebalancing can severely impact your returns due to Short-Term Capital Gains (STCG) Tax. Here’s why:
🔹 Direct Stocks or Smallcase:
Frequent rebalancing
Crypto Tax on gains is 30% in india. Incase of emergency what will you choose? Take loan on crypto and repay loan later or just sell crypto and pay tax or any other options you have?
During a BSE event held in Mumbai on Tuesday, Finance Minister Nirmala Sitharaman faced tough questions from a stockbroker regarding the heavy taxation regime in India.
A video of Sitharaman facing criticism from a stock market broker has gone viral.
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0 replies6 likes
Mahendra Lochhab
Stealth • 4m
51 lakh Indians filed Income Tax returns this year, an increase of 7.5% from the previous year.
2 replies2 likes
Ambalal Prajapati
Stealth • 5m
Hey Guys
Raymond demerging it's real estate business where shareholders are given 1 shars of every 1 share held in Raymond
Do you know at the time of shares transferred it will not be considered for capital gains under income tax
It will be consid
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0 replies7 likes
RootDotAi
Stealth • 9m
Key Things To do Before 31st March 2024
1 Invest in Tax Saving options
Those who have opted for old tax regime must invest in tax saving options like ELSS MFs, Tax saver FDs, Life Insuarnace, PPF etc to claim deductions u/s 80C of the income ta
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0 replies3 likes
Shubham Jain
Stealth • 4m
ITR Forms for Stock Market Income📈
A lot of people have been asking about which ITR form to use for stock market income. Here's a quick guide to clear up any confusion 👇
1. Salary + Capital Gains: ITR-2
2. Salary + Capital Gains + Intraday Tradi
**Tax Revenue Hits Record Highs** 📈
The government’s net direct tax collection, post-refunds, surged 15.4% to ₹12.3 lakh crore between April and November 10, 2024. Gross collections also saw a robust 21.2% increase, reaching ₹15.02 lakh crore. 💰