Personal Finance Budget 2023

Budget 2023-24 Expectation: Increase exemption limits under Section 80C from Rs 1.5 lakh to Rs 2.5 lakh

Removing 10% LTCG on equities will motivate investors to enter stock markets

Budget 2023-24 Expectation: Need for clarity on equalisation levy; higher tax on virtual digital assets

Many aspects of VDA taxation need clarity, without which there is a risk of inadequate compliance or disputes

Budget 2023: Government may focus on populist measures as it is last full Budget ahead of polls

Individuals and experts are eyeing a favourable capital gains tax regime to promote investments in the economy

Budget 2023-24 Expectation: Government should ease regulatory environment to boost fintech sector growth

With more investments, and a conducive regulatory environment created by the government, fintech could be a strong catalyst to drive India’s growth in the coming years

Budget 2023-24 Expectation: Government must consider rejigging tax system to assuage burden of middle class

Since ‘two-thirds’ of the Indian population is tax-exempt and the ‘super rich’ in the population-pyramid being a handful, the claws of taxation squeeze the middle-class

Union Budget 2023-24: Dear FM, please provide relief to those most in distress by raising their pension amounts

BPL widows aged 40 to 64 years became eligible for a monthly pension of Rs 300 from 2009. The amount smacks of tokenism 14 years late

Budget 2023: How it impacts stock market; all you need to know

Along with the businesses and different sectors of this country, the Union Budget also impacts the Indian stock markets

Budget 2023: Investors expect shorter holding period for non-equity funds, hike in equity LTCG limit to Rs 2 lakh

The current capital gains tax regime in India is complex. The holding period to identify whether the capital gains earned is a long-term gain or short-term gain depends on the asset and the rate of taxes

Union Budget 2023-24: Sustaining 19.5% growth in direct tax mop-up in FY24 may be difficult

Net direct taxes, which are made up of personal income tax and the tax levied on corporate earnings, have seen a record growth in current fiscal year, topping up the numbers projected in the Budget