Ease of investing, automatic asset allocation and benefit of long-term capital gains taxation are drawing investors to fund of fund (FoF) schemes again after the budget. Data from AMFI show these schemes saw inflows of ₹1,008 crore in August, as compared to outflows of ₹2,445 crore in 12-month period ending March 31, 2024. An FoF … Read more
Mumbai: Companies are moving swiftly to buy back shares before new tax rules proposed in the budget take effect on October 1. This will tax the buyback amount in the hands of shareholders as per their tax slabs. Currently, such transactions are taxed at about 23% at the company level. Within just the three weeks … Read more
The budget continues to build on the recent economic progress, and despite substantial provisions for necessary investments, the fiscal deficit is decreasing. It notably prioritises nine areas, which include agriculture, employment, human development, energy security, manufacturing, innovation, infrastructure, and next-generation reforms. Significant allocations and initiatives are aimed at transforming India’s education and employment landscape. Efforts … Read more
Rationalisation of the duty structure is critical for the fast adoption of new technologies, including electric vehicles, BMW Group India President Vikram Pawah said on Thursday. He stressed on a level-playing field in terms of taxation for the existing as well as for new players who seek to foray into the country. “Our ask from … Read more
