India is the world’s third largest Oil importing nation and world’s seventh largest economy. It is a major looser in the case of rising Crude price and a beneficiary in the event of falling Crude prices. The pace at which the economy is growing, increases the need of the country to import more and more […]
Business & Politics
Budget 2018 LTCG Tax on Equity Mutual Funds & Important Implications
Budget 2018 has re-introduced the long-term capital gain tax on equity shares and equity mutual funds. Almost all financial blogs and portals has published at least one article on this topic (including relakhs.com). This Budget 2018 LTCG Tax proposal will be implemented from 01-April-2018. In this post, I am not going to discuss about the […]
10% LTCG Tax on sale of Stocks/Equity Mutual Funds | Budget 2018-19 Proposal
“Long Term Capital Gains on Equities will now be taxed at 10%.” This is the major news that is now making headlines across all media platforms. Thanks to the latest proposal made in Budget 2018-19. So, henceforth an investor of Stocks or Equity mutual funds has to pay 10% as taxes on Long Term Capital […]
Income Tax Slab Rates for FY 2018-19 / AY 2019-20 (Budget 2018-19)
Indian Finance Minister, Shri Arun Jaitley has tabled today, the Union General Budget 2018-19 in the Parliament. Below are the latest Income Tax Slab Rates for FY 2018-19 or AY 2019 -20. Kindly note that there has been no changes made to personal Income tax structure. (FY is Financial Year and AY is Assessment Year) Latest Income Tax Slab Rates FY […]
Electoral Bonds for Political Funding : Details & Rules
The Union Government in last year’s budget session (2017) had capped anonymous cash donations to political parties at Rs 2,000 and indicated that Electoral Bonds scheme would be rolled out for political funding. The Govt has now notified the rules and guidelines for Political funding through electoral bonds on 2nd Jan, 2018. So, what are […]
GST & its impact on Diesel and Petrol prices!
India imports a major part (around 70%) of its crude oil requirement. The import bill was around Rs 4,70,000 crore for the Financial year 2016-17. The average price of Indian basket of crude in 2015-16 was $ 46.17/barrel, the lowest since 2004-05. (1 barrel of crude = 159 liters ) Decline in crude oil prices helps the government manage its finances […]