The Union Budget 2025-26 has left India's cryptocurrency sector disheartened by not addressing their demands on taxation and regulatory parity. Despite broader tax relief measures, crypto leaders feel critical issues remain unresolved.
The Union Budget 2025-26 introduces new initiatives to propel AI and deep tech innovation, marking a significant step towards India's goal of becoming a global tech leader. Key measures include a Centre of Excellence in AI for Education and a Deep Tech Fund to support startups.
The government has announced the establishment of a Centre of Excellence in Artificial Intelligence for education in the Union Budget. Here's what the AI industry thinks.
Finance Minister Nirmala Sitharaman has announced increased custom duty on Interactive Flat Panel Display (IFPD) from 10% to 20% in the Union Budget.
The Union Budget 2025-26 introduces tax exemptions for lithium battery production, aiming to enhance local manufacturing and reduce import dependency. This initiative is expected to make EVs and electronics more affordable in India.
The Union Budget 2-25 will be presented on February 1. The voting for the 70-seat Delhi Legislative Assembly will take place on February 5, and the results will be announced on February 8.
Budget 2025: In the fiscal year 2024-25 budget, Finance Minister Nirmala Sitharaman refrained from introducing any new sin tax policies.
As per government sources, states will have a key role in the discussions, advocating for policies that promote innovation, investment, and job creation.
Income from buybacks will now be taxable in the hands of the recipient investor, similar to dividend income, with the amount paid for buying shares treated as a capital loss that can be offset against other capital gains.
Any income derived from letting out a residential house or part of it by the owner will be strictly charged as “Income from house property.”
In the budget on Tuesday, customs duty on gold has been reduced, bringing the total duty from 15% to 6%. Previously, gold and silver carried a 15% duty, split into a 10% basic customs duty and a 5% Agriculture Infrastructure Development Cess.
The Union Budget 2024-25 effectively splits property sellers into two categories: those who purchased or inherited properties before 2001 and those who did so in 2001 or later.
Highlighting the lack of substantial benefits for key stakeholders such as the poor, women, youth, and farmers, Reddy criticized the allocation for agriculture, questioning how ₹1.52 lakh crore could cover half the input costs for all farmers amid inflation.
A significant move is the proposal allowing salaried employees to claim credit for Tax Collected at Source (TCS) against TDS deducted on salaries.
Despite the higher costs of speculation and the minor increase in capital gains taxes, Kamath sees a silver lining for entrepreneurs.
Kamath also noted the increase in long-term capital gains tax (LTCG) from 10% to 12.5% and short-term capital gains tax (STCG) from 15% to 20%, both effective immediately.
In her speech, Sitharaman outlined Modi 3.0’s roadmap for transforming India into ‘Viksit Bharat’ by 2047. The Union Budget 2024 is the first major economic document of the Modi 3.0 government.
Union Budget 2024: FM Sitharaman proposed a comprehensive review of the rate structure of GST over the next six months to rationalise and simplify it for ease of trade, removal of duty inversion and reduction of disputes.
The government has made it financially feasible for homeowners to set up solar rooftops, offering subsidies ranging from Rs 9,000 to Rs 18,000 per kW under the Rooftop Solar Program Phase-II.
dditionally, a direct benefit transfer (DBT) of one month's salary, up to Rs 15,000, will be provided in three instalments, with an eligibility limit of a Rs 1 lakh monthly salary.
Gupta says the previous Budget focus was on maintaining fiscal prudence while boosting capital expenditure and planning for 2047. This approach has been well-received by both stock and bond markets.
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