Learn all about Union Budget
Tax Reforms and incentives for businesses in Union Budget 2024
28 August 2024 | 4 mins read
The Union Budget 2024 contained many measure that are focused towards providing incentives for businesses, and tax reforms. These measures can provide the required push to the private sector to kickstart their stalled investments to boost economic and job growth. Some measures are small, but others can have far reaching consequences. Let us look at some of the tax reforms and how they could impact businesses.
Government’s Employment Linked Incentive Schemes Under Budget 2024
28 August 2024 | 3 mins read
Union Budget 2024 laid a great emphasis on employment creation. Part of the Prime Minister’s five packages to boost economic growth, one set of schemes focus on generating employment. The focus is upskilling young people, and providing incentives to employers to hire more people. There are a total of three schemes that are part of employment-linked incentive schemes. Here are the the details—
Union Budget 2024: Employment-Linked Incentive Schemes Worth ₹2 Lakh Crore to Boost Job Creation
28 August 2024 | 4 mins read
The government’s focus on economic growth was led by rapid infrastructure growth, and steadily raised the capital expenditure at the central level and through constant capital support to states through a 50-year loan for capex projects. But this hasn’t brought the desired results in terms of job creation. To solve for this, and to spur consumption growth, the government announced a slew of measures to promote job-intensive economic growth.
Understanding Mutual Funds Taxation Under Budget 2024
23 August 2024 | 4 mins read
The Union Budget 2024 had a full set of changes introduced on how income from mutual funds, ETFs, and Fund of Funds are taxed under the head capital gains. Apart from trying to streamline the tax rates, the Union Budget 2024’s announcements also made tweaks to last year’s tax rules that were unfavourable to ETFs and Fund of Funds. These changes have streamlined the taxation of mutual funds and other fund investments a fair bit. Let us look at what the income tax regime for mutual funds now looks like.
STT Hike on F&O Explained
23 August 2024 | 3 mins read
The Union Budget 2024 proposes to hike securities transaction tax (or STT) on futures and options. There was anticipation among traders that there would be other steps taken to reduce the growth in volumes of future and options in India. But the government has refrained from taking any steps like re-categorising trading income and levying a higher tax rate, among reported moves. So let us look at how the higher STT will work.
How Capital Gains Tax Rules Work for Different Investments in India
14 August 2024 | 7 mins read
Budget 2024 initiated a complete revamp of the capital gains tax regime in India by streamlining the holding period rules and the tax rates across the board. Finance Minister Nirmala Sitharaman also proposed to remove indexation benefit that was earlier available for certain assets sold like gold, unlisted equity shares, property, among others. All the changes in India’s capital gains regime will be applicable from July 23, 2024, which includes the option of availing indexation benefit for calculating indexed cost of acquisition. The cost acquisition for assets sold before July 23, 2024, will be computed by indexing the cost using a cost inflation index to calculate long term capital gains on certain assets. Those assets sold on or after July 23, 2024, will not get the benefit of indexation while calculating cost of acquisition to be used in calculation of long-term capital gains.
New Income Tax Slabs for FY2024-25
14 August 2024 | 4 mins read
During her Union Budget 2024 speech, Finance Minister Nirmala Sitharaman made small tweaks to the income tax rates under the new regime for individuals and HUF. There were many requests for tweaking the tax rates and deductions for the old regime as well, but there were no changes proposed in Union Budget 2024.
Union Budget 2024 at a glance
6 August 2024 | 4 mins read
The Union Budget was announced on 23rd July 2024 by FM Nirmala Sitharaman. Being the first budget after the formation of the Government, this was a much awaited and speculated budget. With so much buzz around the budget, there was prone to a post-budget effect on the share market.
Upcoming Union Budget: Sector in Focus – Infrastructure
2 August 2024 | 6 mins read
As we approach the announcement of the Union Budget later this month, the infrastructure sector is at the forefront of discussions. The interim Budget presented earlier this year underscored the government's commitment to enhancing infrastructure development, and Union Budget 2024 is expected to build upon those foundations. Recognising its critical role in economic growth and sustainability, the upcoming Budget is anticipated to include robust allocations for key infrastructure projects, aiming to modernise transportation networks, boost urban development, and improve connectivity across the country.
Upcoming Union Budget Focus on Affordable Housing Sector
29 July 2024 | 4 mins read
Learn about the significant allocations to the Pradhan Mantri Awas Yojana (PMAY), tax benefits, and public-private partnerships aimed at expanding access to affordable housing. Understand how these measures support the 'Housing for All' mission and present investment opportunities in the real estate sector. One of the first decisions that the Union Cabinet took after the new government took office in June 2024 was to approve a proposal to build 3 crore new houses under the Pradhan Mantri Awas Yojana (PMAY). This has set the tone for the full Union Budget 2024 in July, where the expectation is that there will be many measures take to promote affordable housing across India. This continues from the Interim Budget of 2024-25 ahead of the general elections when the Finance Minister Nirmala Sitharaman had reiterated the government’s commitment to addressing the need for affordable housing, a critical component of the government’s broader social welfare agenda. The focus continues to be on expanding access to housing for low and middle-income groups, promoting urban development, and driving economic growth through increased housing investments.
Upcoming Union Budget Focus on Defence Sector
29 July 2024 | 5 mins read
As India awaits the first Union Budget of the NDA 3.0 government, the defence sector remains a critical area of focus. Several defence stocks have seen a major rally in recent times with many of them reaching their 52-week highs. This attention is driven by recent budgetary allocations, evolving geopolitical challenges, and long-term strategic goals. The impact on defence stocks has been profound, with the Nifty India Defence index delivering an amazing 74.44% returns YTD.
Optimizing Your Investment Strategy for Union Budget 2024
22 July 2024 | 5 mins read
As the Union Budget 2024-25 approaches, speculations are rife about its potential impact on various sectors, including personal finance. Investors and traders often make decisions based on these speculations, hoping to capitalise on anticipated market movements. However, planning investments solely on such speculations can be risky and may lead to undesirable outcomes. This article explores the speculations surrounding the budget, their implications for investors, and why a cautious, informed approach is crucial.
Upcoming Union Budget: Sector in Focus – Renewable Energy
19 July 2024 | 5 mins read
India has an ambitious renewable energy ambition, with nearly 500 GW of installed renewable and non-conventional sources by 2030. The upcoming Union Budget is expected to follow in the footsteps of the announcements made in the interim budget in February. There was a significant emphasis on the renewable energy sector, reflecting the government's commitment to sustainable development and the goal of achieving net-zero emissions by 2070. The focus on clean energy amidst increasing global climate change concerns and India's strategic drive to reduce dependency on fossil fuels is expected to continue in the upcoming Union Budget.