The Budget presentation this year has clear political undertones, targeting key states Delhi and Bihar ahead of elections. It includes tax benefits for Delhi’s middle […]
Month: February 2025
Dodging Trump tariff, seeking his tareef: India revs down Harley duty in new Budget
Ahead of PM Modi’s US visit, India’s budget lowered import duties on Harley-Davidson bikes, signaling improved trade relations. Meanwhile, President Trump plans to impose hefty […]
Union Budget 2025: Markets not moved by FM playing taxophone
The Budget proposals led to a muted response on Dalal Street, with the Sensex closing slightly up and Nifty down. Extreme bullish sentiment in certain […]
Nirmala Sitharaman bats for middle order to revive India’s spend force
Prime Minister Modi invoked Goddess Lakshmi on Budget-eve, later Indian taxpayers received significant tax relief. Finance Minister announced revised tax slabs where the biggest benefit […]
Why you can’t get benefit of tax rebate on capital gains, lotteries
Budget 2025 clarifies that the tax rebate will no longer apply to income from capital gains or other sources taxed at special rates. Taxpayers under […]
FM Nirmala Sitharaman sets second home tax worries at rest
Budget 2025 amends Section 23 of the Income Tax Act, allowing taxpayers to claim the annual value of up to two self-occupied properties as nil, […]
Union Budget 2025: Fly in to heal… fly abroad more, it’s taxman’s treat
Indians will have more funds for overseas travel due to the hike in TCS exemption limit on foreign remittances to Rs 10 lakh from Rs […]
In nil-tax bracket? Why a raise won’t help you much
The recent Budget announcement provides that annual incomes up to Rs 12.75 lakh for salaried employees will not be taxed, considering standard deduction. However, increments […]