From 1 July 2020, a stamp duty of 0.005% will be imposed on the purchase of mutual funds but not on the redemption of mutual funds. The implementation of the stamp duty was initially slated for January but was postponed…
Finance Minister Nirmala Sitharaman on 17th May 2020 completed the fifth and final tranche of announcements under the Atmanirbhar Bharat Package. The Narendra Modi led government allocated approximately Rs. 20 lakh crores for this scheme to help soften the blow…
Atmanirbhar Bharat Package – A 5 Day Test Match with No Result The Narendra Modi Government’s much-hyped ₹20-trillion fiscal package disappointed individuals and companies, who had expectations of audacious stimulus measures to revive the economy. The Indian Economy has remained…
The spread of COVID-19 has severely impacted the Financial Markets. Due to the COVID-19 Pandemic, there has been a significant amount of sell-off in the equity market by the Institutional Investors. While all the spotlight is on the equity market…
Finance Minister Nirmala Sitharaman today announced several relaxations in tax compliance rules for individuals and firms and also raised the threshold of triggering insolvency cases to Rs 1 crore from the current Rs 1 lakh. Related to Income Tax FY…
Why Stock Market Crashed ? The Indian stock markets took a sharp plunge with the S&P BSE Sensex and the NSE Nifty 50 falling over 3.5 percent each, wiping out Rs. 5.6 lakh crore of investor’s wealth in the first…
Those who save money in India still hold a traditional view of gold, that it is simple, an excellent investment, a protector of bad times and that all households should consider investing in it. The only option for such investors…
The Union Budget 2020 was presented on 1st February 2020 and Finance Minister Nirmala Sitharaman presented taxpayers with two options: Move to the new tax regime – This tax structure contains seven slabs but one cannot avail deductions under various…
Smt. Nirmala Sitharaman, Finance Minister of India, presented the 1st Union Budget of 3rd decade of 21st century. The budget aimed at energizing the Indian economy through a combination of short term, medium term and long term measures. It has…
It’s no secret that tax is one thing everybody wants to pay as less as possible off or not pay at all. In this regard, section 80C of the Income Tax Act of 1961, gives taxpayers the option to claim…
