Image for representation purpose only. | Photo Credit: R. RAGU The government has capped the maximum rate of GST compensation cess that would be levied on pan masala, cigarettes, and other forms of tobacco and linked the highest rate to their retail sale price. The capping of the cess rate was brought in as part […]
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Union Finance Minister Nirmala Sitharaman speaks in the Lok Sabha during Budget Session of Parliament, in New Delhi on March 24, 2023. | Photo Credit: PTI The Finance Bill 2023 was been passed in Lok Sabha without a discussion and the House was adjourned to meet again on March 27. Moving amendments to the Finance […]
Continue ReadingGovt. to remove tax benefits on mutual funds with less than 35% investment. Debt mutual funds are likely to be stripped of the long-term tax benefit if they invest less than 35 per cent of their assets in equities. Such mutual funds will attract short term capital gains tax. The government is likely to make […]
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