Hurun India unveiled the 2024 Hurun India Rich List on Thursday, August 29, highlighting the wealthiest Indians globally. Now in its 13th edition, the list reflects wealth as of July 31, 2024. According to the list, Industrial Products tops the rankings with 142 individuals, followed by Pharmaceuticals with 136 individuals and Chemicals & Petrochemicals with […]
Companies with multi-state presence will have to register as ISD with GST authorities by April 1, 2025 – CNBC TV18
Companies having a presence in multiple states and distributing common input tax credits with branch offices will have to register as Input Service Distributor (ISD) with GST authorities by April 1, 2025. Through the Finance Bill, 2024, in February, the government amended Goods and Services Tax (GST) law to say that businesses having multi-state GST […]
CNBC-TV18 newsbreak confirmed: Govt moves amendment to provide relief for real estate under LTCG regime – CNBC TV18
The government is set to allow taxpayers to avail either a lower rate of 12.5% without indexation or a higher rate of 20% with indexation, if property is acquired prior to July 23, 2024. The relief is proposed in respect of the taxation of immovable property: “In the case of transfer of a long-term capital […]
Exclusive | Govt looking at options to counter indexation removal for real estate; prefers grandfathering until July 2024 – CNBC TV18
The government is looking at several options to address concerns from the real estate sector, as representations pour in at North Block regarding the recent budget announcement. This announcement involves withdrawing indexation benefits from real estate and lowering the long-term capital gains (LTCG) tax from 20% to 12.5%. Indexation adjusts the purchase price of an […]
A Silicon Valley executive had $400,000 stolen by cybercriminals while buying a home. Here’s her warning
Real estate, with its large transaction sizes and frequent use of bank wires, has proven to be an especially lucrative target for cybercriminals. Source link