Newsblare

newsblare logo

Sign in

Advisor Network Ecommerce Economic & Finance Laws & Registration Laws & Taxes Market Overview State & Urban Stocks & Funds

Tax Saving Mutual Funds’ monthly SIPs substantial increment

The monthly SIP of tax Saving Mutual Fund increases from ₹10,000 to ₹14.55 lakhs over seven years.  Presently, Equity Linked Savings Scheme (ELSS) is known as one of the finest investment tools.  Moreover, ELSS helps an investor synchronize with the markets and enables them to cut down the income tax.  Section 80C of the Income-tax […]

Read More
Business Economic & Finance Laws & Taxes Media & Entertainment Sports & Leisure

Fantasy Sports to contribute Rs 24,300 cr in taxes by FY2025

Presently, Fantasy Sports Market stands steady at Rs 34000 crores.  Although, the industry’s cumulative tax contribution is to grow upto Rs 24,300 by FY25.  According to a report from Deloitte, “India has the world’s largest Fantasy Sports market with a user base of 13 Crore, which might grow at a CAGR of 32% in the […]

Read More
Economic & Finance Laws & Taxes Stocks & Funds

Increased tax slab may yield ₹1.50 lakh crore annual revenues

The GST council plans to increase the tax slab to 8% from 5%. Furthermore, the increase in tax slab may yield ₹1.50 lakh crore annual revenues.  The council aims to create a GST 3-tier structure instead of a 4-tier structure with revision rates at 8%, 18%, and 28%, respectively.  A panel of state finance ministers […]

Read More
Commodities & Currency Economic & Finance Laws & Taxes

₹1.33 trillion collected in GST revenue by the centre and state

In February, the centre and state govt collected ₹1.33 trillion in GST revenue. According to the ministry, this represents the recovery of automobile sales.  Revenue stayed above ₹1.3 trillion in the second consecutive month of February.  Furthermore, before the pandemic disrupted economic activities, GST receipts crossed ₹1.39 trillion in April 2021. Centre and state govt […]

Read More
Commodities & Currency Economic & Finance Laws & Taxes Market Overview Personal Finance Politics Stocks & Funds

Equity gains in FY20 earned by revenues of ₹50 lakh or more

On Monday, Revenue Secretary Tarun Bajaj said, most of the long-term capital gains from equities in FY20 came from people earning ₹50 lakh and more.  Furthermore, he said the Finance Act of 2018 on long-term capital gain has served as a fair tax.  Long term capital gains from equities in FY20 Long-term equity gains are […]

Read More
Economic & Finance Energy Laws & Taxes Oil & Gas Travel

ATF fuel price raised by 5.2% leading to expensive air travel

On Wednesday, oil marketing companies raised ATF prices by 5.2%. The fourth hike in ATF prices hit a record high in less than two months.  Furthermore, India currently has some of the world’s highest taxation rates on the ATF. Moreover, jet fuel prices raised to Rs 90,519.79 per kilolitre from Rs. 86,038.16 per kilolitre. Air […]

Read More
Cryptocurrency Digital Money Economic & Finance Laws & Taxes Stocks & Funds

Indian Crypto Industry seeks a revision on 30% tax rate

The Indian Crypto Industry seeks a revision on the 30% tax rate from the government. The 2022 Union budget announced a 30% tax imposition on cryptocurrency.  The Blockchain and Crypto Assets Council drafted a memorandum that will consider the several implications of the new tax rule.  The memorandum will also monitor the impact of the […]

Read More
Economic & Finance Laws & Taxes Real Estate State & Urban

Budget 2022 Did Little for Indian Housing

As the stock markets turn somersaults and throw people’s investment portfolios into complete disarray, one asset class continues to be reliable and predictable. Real estate, especially residential real estate, remains the steadiest investment. This is why the performance of Indian housing market remains the most reliable barometer of the country’s economy. One may ask how […]

Read More
Cryptocurrency Digital Money Economic & Finance Investing Laws & Taxes Stocks & Funds Technology

‘Bitcoin Family’ sets its roots in Portugal for its 0% tax

The Taihuttus ‘Bitcoin Family’ sets its roots in Portugal for its 0% tax on cryptocurrency. Portugal is known to be Europe’s ultimate crypto tax haven. The so-called ‘Bitcoin Family’ patriarch chose Portugal for favourable crypto tax rules.  Didi Taihuttu said, “You don’t pay any capital gains tax or anything else in Portugal on cryptocurrency. That’s […]

Read More
Advisor Network Cryptocurrency Digital Money Economic & Finance Laws & Registration Laws & Taxes Market Overview Politics

India to impose a 30% tax on Cryptocurrency; What expert says

India’s Finance Minister Nirmala Sitharaman announced to impose a 30% tax on cryptocurrency. Partner at IndusLaw, Ritesh Kumar, told Business Insider, “The 30% rate of tax and restriction to set-off losses is a very bold move in discouraging transactions in crypto.” Nirmala Sitharaman, Finance Minister of India, said during the Union Budget 2022-23, “Cryptocurrencies will […]

Read More