Taxation - Angel One - Page 43

World Health Day is celebrated on April 7th each year to mark the founding of the World Health Organization (WHO) in 1948 and to draw attention to global health issues. The day serves as an opportunity to focus worldwide attention on important aspects of global health, where each year, WHO selects a theme that highlights …

In the midst of global economic uncertainty, the Indian economy stands as a beacon of resilience, weathering challenges with remarkable strength. Over the past few years, India has undergone a journey marked by a range of significant events and developments. The nation grappled with the unprecedented challenges brought forth by the COVID-19 pandemic, which disrupted …

The end of March signifies the close of the financial year in India. This often-overlooked deadline can hold a surprising amount of importance, especially when it comes to your finances. Whether you’re aiming to maximize tax savings, organize important paperwork, or simply ensure you’re on track for your financial goals, taking action before March 31st …

In a recent revelation by the Central Board of Direct Taxes (CBDT), India’s direct tax-to-GDP ratio hit an unprecedented high of 6.11% at the end of the fiscal year 2023 (FY23). This milestone, accompanied by a significant drop in collection costs, reflects a remarkable feat for the nation’s fiscal landscape. Setting Records Straight The direct …

Sovereign gold bonds, issued by the Indian government, are a unique way to take exposure in gold as an asset class. The Indian government introduced gold bonds in 2015 to curb the demand for imported gold in the country. India’s love for gold is well known. An estimation suggests that Indian households hold over 1 …

The Union Budget for the fiscal year 2022-23 will be presented on February 1, 2022. The budget should aim to put more money in the pockets of the common man. While we discuss the budget, let us not forget the challenges that the country has been facing due to Covid-19. Although the government has been …

Overview The Centre can use a variety of steps to make COVID-19 vaccines and other critical supplies cheaper, including lower GST prices, zero GST on critical raw materials, allowing GST-free imports, and providing direct cash incentives to manufacturers. For domestic supplies and industrial imports, the Goods and Services Tax is currently levied at a rate …

As the joyous Diwali season approaches, the exchange of gifts is a cherished tradition. However, amidst the festivities, it’s essential to be aware of the tax implications of these generous gestures.  Taxation of Diwali Gifts  Diwali gifts, like any other monetary transaction, can have tax implications. According to experts, gifts received from relatives are fully …

India’s GST revenue collection for October 2023 has shattered records, marking the second-highest collection ever, closely trailing behind the historic collection in April 2023, with a staggering ₹1.72 lakh crore. This remarkable achievement demonstrates a substantial 13% year-on-year growth, signaling robust economic activity across the nation. A Year-on-Year Surge in Domestic Transactions Notably, revenue from …

The BSE Midcap and Smallcap indices in India are like scorecards for measuring the performance of medium-sized and smaller companies in the stock market. The BSE Midcap Index follows 150 of the most significant medium-sized companies listed on the BSE, while the BSE Smallcap Index watches over 250 leading small-sized companies also listed on the …