A view on the financial world.
The Union Budget 2023, the first budget of the Amrit Kaal and the last full-fledged budget of the current government, was greeted with certain expectations, especially with respect to relaxation in personal taxation, and a boost in the capex by the government, for an economy which has now reeled out of the covid impacts, the …
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Taxation of Cryptocurrency and NFT in India
The Union Budget 2022 was announced on 1st February 2022, in the wake of upcoming elections in 5 states- Uttar Pradesh, Goa, Punjab, Uttarakhand and Manipur. It was expected to be a populist budget, along with a boost to education, EV industry and renewable energy. However, not all of these expectations were met in the …
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The Union Budget of 2021 had everyone’s attention as the country was recovering from the economic impact of pandemic and lockdown imposed consequently. Though the recent IMF forecast for India’s GDP growth was a positive, it was to be seen whether the budget would prove to be a catalyst or hindrance to such growth. The …
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During the presentation of the Fiscal Budget, the Finance Minister announced revised slab rates of taxation for individuals, which are lower than the prevailing rates. However, there is a certain catch to it. Under the new rates, the assessee has to forego certain exemptions and deductions while computing the taxable income. Hence they might actually …
The Financial Lens 