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 […]
Investors set to receive 12% returns on Sovereign Gold Bonds maturing on August 5, 2024 – CNBC TV18
The next tranche of Sovereign Gold Bond (SGB) scheme is set for redemption on August 5, 2024. These bonds, launched on August 5, 2016, have an eight-year holding period. Purchased at ₹3,119 per gram, they offer substantial returns to investors. Out of the 2.6 tons initially bought, 225.322 kg were redeemed after five years, leaving 2.75 […]
Budget 2024: Here’s a look at key taxes paid by consumers in India – CNBC TV18
SUMMARY As Budget 2024 approaches, it’s important for consumers to be aware of the various taxes they pay on different transactions. Here is a ready reckoner on key taxes applicable in India, including Income Tax (IT), Securities Transaction Tax (STT), Capital Gains Tax (CGT), and Goods and Services Tax (GST). By Anshul July 23, 2024, […]