Finance Minister Nirmala Sitharaman on Tuesday said buyback of shares will be taxed in the hands of shareholders similar to dividend from October 1, a move that will increase the tax burden on investors. Further, the cost paid by the shareholder to acquire these shares will be considered for computation of capital gains or loss to them.
Posts tagged Rediff
Govt announces Critical Mineral Mission to hike output (23-07-2024)
The government on Tuesday proposed to launch a mission to give fillip to the domestic output of critical minerals like copper and lithium, their recycling as well as acquisition of such assets abroad. Presenting Union Budget for 2024-25, Finance Minister Nirmala Sitharaman also said the government will launch the auction of the first round of offshore mining blocks.
Property market upset as govt nixes indexation benefit (23-07-2024)
The government on Tuesday proposed reducing the long-term capital gains tax on immovable properties to 12.5 per cent from 20 per cent, but removed the indexation benefits to adjust for inflation, a move experts termed as “negative” for sellers.
Budget focuses on jobs, skilling, keeping allies happy (23-07-2024)
Finance Minister Nirmala Sitharaman on Tuesday announced income tax relief for the middle class, a Rs 2 lakh crore outlay for job creation schemes over the next five years and a spending splurge for states run by her party’s new coalition partners as she unveiled the Modi 3.0 government’s first budget after the general elections.
Mumbai Watches Nirmalaji’s Budget (23-07-2024)
Finance Minister Nirmala Sitharaman on Tuesday presented the Union Budget for 2024-2025.
BSNL gets Rs 82,916cr from Rs 1.28L cr telecom budget (23-07-2024)
Of the total proposed allocation, over Rs 1 lakh crore is meant for BSNL and MTNL-related expenses, including Rs 82,916 crore infusion in BSNL for technology upgradation and restructuring at BSNL.
Taxes comprise 63% in govt coffer: Budget documents (23-07-2024)
For every rupee in the government coffer, the biggest pie of 63 paise will come from direct and indirect taxes, according to the Union Budget 2024-25 documents.
Duty cut on lithium, cobalt to aid growth of EVs (23-07-2024)
The proposed exemption in customs duty on import of lithium, cobalt and other rare minerals in the Union Budget 2024-25 is likely to lower the battery production cost and help in making electric vehicles more affordable for the buyers, auto industry leaders said on Tuesday.
Govt doubles Mudra loan limit to Rs 20 lakh (23-07-2024)
Finance Minister Nirmala Sitharaman on Tuesday announced the doubling of the upper limit of Mudra loans to Rs 20 lakh to promote entrepreneurship in the country. “The limit of Mudra loans will be enhanced to Rs 20 lakh from the current Rs 10 lakh for those entrepreneurs who have availed and successfully repaid previous loans under the ‘Tarun category’, she said while presenting the Budget in the Lok Sabha.
Govt doubles Mudra loan limit to Rs 20 lakh (23-07-2024)
Finance Minister Nirmala Sitharaman on Tuesday announced the doubling of the upper limit of Mudra loans to Rs 20 lakh to promote entrepreneurship in the country. “The limit of Mudra loans will be enhanced to Rs 20 lakh from the current Rs 10 lakh for those entrepreneurs who have availed and successfully repaid previous loans under the ‘Tarun category’, she said while presenting the Budget in the Lok Sabha.