India’s Ministry of Finance has released provisional figures for direct tax collections in the first quarter of the current financial year (FY) 2024-25, painting a positive picture of the country’s economic performance. Both net and gross collections have witnessed significant growth compared to the corresponding period in FY 2023-24. Net Collections Surge Over 20% Net …
In an increasingly digital world, online transactions have now become an everyday affair. Online shopping has picked up across India and people are now used to paying via their digital wallet apps. Access to Unified Payments Interface (UPI) helps in the smooth transfer of funds between two bank accounts. However, what does online shopping and …
As the tax filing season approaches, many individuals grapple with the complexities of income tax. Whether you’re a first-time taxpayer or a seasoned filer, understanding the basics of income tax is essential for compliance and financial planning. In this comprehensive guide, we’ll delve into the intricacies of income tax, covering everything from key terms to …
समय पर सही मात्रा में कर का भुगतान करना प्रत्येक नागरिक की जिम्मेदारी है। करों से सरकार को बुनियादी ढांचे, सरकारी योजनाएं, सामाजिक विकास और अन्य सरकारी खर्चों को चलाने और बनाए रखने में मदद मिलती है। लेकिन, आपके लिए यह जानना जरूरी है कि आपकी सही टैक्स दायित्व क्या है। चूंकि टैक्स आपकी सालाना …
World Health Day is celebrated on April 7th each year to mark the founding of the World Health Organization (WHO) in 1948 and to draw attention to global health issues. The day serves as an opportunity to focus worldwide attention on important aspects of global health, where each year, WHO selects a theme that highlights …
In the midst of global economic uncertainty, the Indian economy stands as a beacon of resilience, weathering challenges with remarkable strength. Over the past few years, India has undergone a journey marked by a range of significant events and developments. The nation grappled with the unprecedented challenges brought forth by the COVID-19 pandemic, which disrupted …
The end of March signifies the close of the financial year in India. This often-overlooked deadline can hold a surprising amount of importance, especially when it comes to your finances. Whether you’re aiming to maximize tax savings, organize important paperwork, or simply ensure you’re on track for your financial goals, taking action before March 31st …
In a recent revelation by the Central Board of Direct Taxes (CBDT), India’s direct tax-to-GDP ratio hit an unprecedented high of 6.11% at the end of the fiscal year 2023 (FY23). This milestone, accompanied by a significant drop in collection costs, reflects a remarkable feat for the nation’s fiscal landscape. Setting Records Straight The direct …
Sovereign gold bonds, issued by the Indian government, are a unique way to take exposure in gold as an asset class. The Indian government introduced gold bonds in 2015 to curb the demand for imported gold in the country. India’s love for gold is well known. An estimation suggests that Indian households hold over 1 …
The Union Budget for the fiscal year 2022-23 will be presented on February 1, 2022. The budget should aim to put more money in the pockets of the common man. While we discuss the budget, let us not forget the challenges that the country has been facing due to Covid-19. Although the government has been …
