NEW DELHI: India’s manufacturing sector has been expanding at its fastest pace in six months, fueled by a surge in new orders and record-breaking export growth, according to the HSBC India Manufacturing PMI for January, published on Monday.The purchasing managers’ index (PMI) climbed to 57.7 in January, up from 56.4, which marked one year low…
A salaried individual with Rs 13.7 lakh yearly income can achieve tax savings of approximately Rs 96,000 through NPS contributions. Latest income tax slabs 2025-26 after Budget 2025: Zero income tax on Rs 13.7 lakh salary? Don’t rub your eyes! Finance Minister Nirmala Sitharaman in her Budget 2025 speech announced that there will be NIL…
One of the major amendments proposed in the current budget is the change in the tax rates and slabs under the Concessional Tax Regime. By Surabhi MarwahBudget 2025 income tax: The Finance Minister in her budget speech stated that taxation reforms were one of the key reforms to realise the vision of “Viksit Bharat”. The…
The financial landscape presents complex challenges that require strategic navigation. The banking sector’s increased exposure to Priority Sector Lending (PSL) segments necessitates robust risk assessment frameworks. Banks must enhance their monitoring systems to manage potential asset quality concerns whilst maintaining adequate capital buffers.The government’s borrowing patterns could influence market liquidity and yield curves. Banks need…
MUMBAI: Budget 2025 has proposed changes in the transfer pricing (TP) assessment process to reduce compliance burdens for businesses and streamline tax administration. TP assessments can sometimes result in long-drawn litigation. At present, companies involved in international or specified domestic transactions between related parties must conduct a transfer pricing review every year to determine the…
NEW DELHI: Finance minister Nirmala Sitharaman, paraphrasing Abraham Lincoln, described the Union Budget as “by the people, for the people, of the people” during an interview with PTI on Sunday. She said that Prime Minister Narendra Modi was fully supportive of tax cuts, but bureaucratic hurdles delayed the decision. “We have heard the voice of…
Two types– Long term capital gains (LTCG), Short term capital gains (STCG)But first what is indexation?Indexation in capital gains tax adjusts the purchase price of an asset for inflation, reducing taxable gains and lowering the tax burden. Set-off provisions for capital losses Loss on a long-term capital asset can only be set off against gains…
Continuing its thrust on capital expenditure (capex) to create assets, the govt has allocated Rs 11.2 lakh crore for 2025-26, an increase of 10% than the revised estimate of the current financial year. The Budget also focusses on attracting more private investment in infrastructure by taking up projects on public-private partnership (PPP) mode.Going by budget…
India’s military modernisation will continue in its typical slow, haphazard manner without any big bangs, with defence outlay getting a modest 9.5% hike over last fiscal’s budgetary estimates and 6.3% over the revised ones.The defence Budget was pegged at Rs 6.8 lakh crore ($79 billion), which works out to just 1.9% of the projected GDP…
Taking forward the call for deregulation in the Economic Survey, FM Nirmala Sitharaman is seeking to significantly cut red tape and promote ease of doing business to achieve India’s aim of becoming a developed country in the coming years.Govt will now bring up Jan Vishwas Bill 2.0 to decriminalise over 100 more provisions under various…
