Sakshi Batra in conversation with Amit Singhania, Partner at Shardul Amarchand Mangaldas to find out more about the clarifications made by government on the new tax regime.
The demand for mid and small caps is likely to improve on the back of improved corporate earnings, cheap valuations and the large inflows seen from domestic investors.
This year's budgeted expense of the ministry makes up about 5 percent of the total expenditure budget of the government for 2020-21.
Imports of parts from China would certainly be affected for a while due to the Coronavirus outbreak. But, at the same time, there is an opportunity for Indian companies to fill in the gap left by Chinese manufacturers.
A drastic course correction in land-use policies is called for that focuses less on restrictions and more on performance.
SWFs hold $29 billion of Assets Under Custody (AUC) as of December 2019
Despite the massive need for housing in India, unsold inventory levels in just the 8 cities of Mumbai, Bengaluru, NCR, Pune, Hyderabad, Chennai, Kolkata and Ahmedabad stand at a substantial 0.5 mn units.
The proposals in the Budget is likely to be positive for sectors like Agriculture, infrastructure, renewable energy, finance, aviation, consumption as well as travel and tourism,
The government, in the Budget, announced a new levy of 1 per cent TDS (tax deducted at source) on e-commerce transactions, which is to be collected from the sellers by the e-commerce companies.
According to the Finance Bill 2020, Indian citizens not paying tax in other countries will be taxed on their overseas income and assets.
Ulips cannot be considered superior to mutual funds purely on the basis of taxation
Climate finance is a key pillar in enabling climate actions in India. In coming decade, India needs to make more budgetary allocations and push the transition towards low-carbon development and build resilience among communities that largely face the brunt of climate change in the country.
Legislative action, combined with the alignment of major schemes of the Union Budget with the goals 1, 2 and 5, is indicative of the intentionality and responsiveness of India’s policy towards Sustainable Development Goals.
"The outlays of these programmes have not seen any nominal growth in 2020-21 (in real terms, these would be 8-10 per cent lower)," the former finance secretary said.
Sakshi Batra gets in conversation with Preeti Khurana, Chief Editor at Cleartax to find out the tax changes will impact your investments.
The country's GDP growth is estimated to slow to an 11-year low of 5 per cent in the current financial year.
At an interactive session on 'Budget and Beyond' with professionals from asset management, wealth advisory, tax consultancy and other related industries, the minister also said the Budget 2020-21 was a budget where the impact on equity, bond and currency markets was positive.
Data from BARC India, the TV rating agency, shows that CNBC-TV18 trounced its competition from the English business news channel space, garnering as much as 86 percent market share on February 1.
A Budget announcement said that a tax collected at source (TCS) of 5 percent will be applicable for all remittances outside India above Rs 7 lakh.
Specific steps that were brought on for the sovereign funds, that seems to be very good as it aims to provide the much needed longer-term capital to long gestation projects like infrastructure.
Sectors to play the govt spend - tractors, agrochemicals, NBFCs that focus on the rural space and FMCG companies
Less than 30 percent of the milk in India comes from the organised sector. The rest is through the unorganized sector.
She said that Remission of Duties or Taxes on Export Product (RoDTEP) scheme will replace the existing Merchandise from India Scheme (MEIS), which is considered as non-compliant to global trade rules.