tax regime

Impact of new capital gains taxes on PMS investments of UHNI investors

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Impact of new capital gains taxes on PMS investments of UHNI investors

The Union Budget for 2024-25 increased the short-term capital gains (STCG) tax rate from 15% to 20% and the long-term capital gains (LTCG) tax rate from 10% to 12.5%. This widening of the tax gap from 5% to 7.5% has sparked considerable discussion about the challenges it poses for PMS strategies, especially those with high … Read more

ETMarkets Smart Talk: Reforms to attract FDI, simplification of tax regime & green energy likely in Budget 2024: Gurpreet Sidana

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ETMarkets Smart Talk: Reforms to attract FDI, simplification of tax regime & green energy likely in Budget 2024: Gurpreet Sidana

“We also foresee reforms to attract foreign investment, simplification of the tax regime, and prioritization of sustainability and green energy,” says Gurpreet Sidana, CEO- Religare Broking Ltd. In an interview with ETMarkets, Sidana said: “Initiatives to boost the rural economy, MSME sector and job creation should also be in focus,” Edited excerpts: We are trading … Read more