Union Budget (No 2) 2019 takes us a step closer to achieving short term goal of becoming a $5 trillion economy by 2024. The biggest theme of the budget was Connectivity. In addition, it also addressed liquidity issues, relaxed investment criteria and introduced key initiatives in R&D and education to pave way for […]
On July 5, the First full-time Female Finance Minister of India, Ms. Nirmala Sitharaman, presented the budget in the Parliament. While it may be a mixed bag for many, the one category it affect the most, and that too positively, is Non- Residents (NRIs/ PIOs). We have analyzed all the budget […]
RBI in its bi-monthly Monetary Policy Review meeting decided to change the policy stance from calibrated tightening to neutral and to reduce the repo rate from 6.5% to 6.25%. This was mainly due to 1. Slowdown in global economy, 2. Low inflation (just 2.2% in December with next year outlook of about 3.5% for the calendar year 2019), […]
The interim budget 2019 included few indicators properly placed in the budget speech, if identified and analyzed properly, could become a great opportunity for smart investors to create tremendous wealth in long term. This blog tries to explain and analyze the same. 1.Vision 2030 and Economic Growth For the long term […]
The Income Tax Department has been sending emails to all the tax payers with subject as “e-Filing Vault Options” and additionally to NRIs with subject as “Kind Attention of Non-Resident Taxpayer”. These emails have unnecessarily created confusion among tax payers, especially NRIs. This blog explains the emails, what it means, reasons, […]
The Finance Bill 2018 proposes to tax the long term capital gain (LTCG) on equity shares and equity mutual funds subject to STT @ 10% exceeding Rs. 1,00,000 from April 1, 2018. The LTCG on equity has been exempt from tax since 2005. As per returns filed for A.Y. 17-18 (financial […]
Budget 2017 has proposed many important changes related to investments. Efficient Planning of your equity, debt as well as real estate investment could materially affect the investment returns. I have analyzed the effect of major changes proposed in the budget related to investments and is summarized as follows: A. Income Tax […]
After Demonetization, the next focus of Indian government to curb black money is Benami Properties. Because of relaxed provisions, informal ways of doing things until now, it became part of a normal business to do certain things in the name of tax planning or to circumvent the laws. As a result, […]
“From midnight of November 8, 2016, Rs. 500 and Rs.1000 will cease to be legal tender. These notes are just papers from tomorrow,” said Prime Minister Mr. Narendra Modi. The announcement was made to combat black money, corruption, counterfeit currency notes and terrorism financing, etc. All electronic transactions, cheques, debit cards, […]
Understanding Brexit: Brexit means BRitain’s EXIT from the European Union (EU). EU is an economic and political partnership involving 28 European countries. It has grown to become a “single market” making goods and people to move within EU very easy. The objective of Brexit was to restrict aid going out of […]