Experts Financial News

indexation benefit from the capital gain tax on property has spooked him. “The new taxation is good for short-term investors but not long-term investors. I calculated the tax outgo for the three properties in Bangalore I had held for over ten years. My tax outgo is 3x now without indexation. In many cases, I would not have paid any tax and had the option to offset them over the eight years,” he said. Experts say that the recent abolishment of indexation benefits on property sales is expected to slow down the resale residential market and deter owners of older properties and investors due to increased tax liabilities reducing potential profits. This change will likely moderate price growth in the resale segment and increase reduced transparency in value to avoid higher taxes, undermining efforts to formalise the real estate sector, they said.

Companies reward shareholders by way of dividend payment or share buybacks. Both are done from tax-paid reserves and company profits. Such payments are also used as tools of wealth distribution and efficient allocation of capital.

For real estate owners, especially those with long-held properties, the provisions of the Union Budget 2024 came as a rude shock, leaving them scrambling to decipher the new tax landscape.

Geological Survey of India (GSI) on Friday said its regional forecast bulletins for the district were experimental and issued once a day for ground testing. This process was a «part of building a prediction model», which will take 4-5 years to be ready for public use, a GSI official said. «GSI has started issuing regional landslide forecast bulletins on an experimental mode once a day for Wayanad district, Kerala. These are issued only to the State Disaster Management Authority (SDMA) and District Disaster Management Authority (DDMA) for ground testing since the onset of the 2024 monsoon. It is restricted only to SDMA and DDMA for receiving feedback,» a GSI spokesperson told PTI. These forecasts are based on rainfall predictions provided by the National Centre for Medium-Range Weather Forecasting (NCMRWF) and the India Meteorological Department (IMD) to prepare landslide thresholds, he said.

₹72 to ₹76 per equity share of face value of ₹10. The company received ₹2,763 crore from major investors prior to the start of the IPO subscription period on Thursday, August 1.

Titan, Hindustan Zinc and Delhivery. Apart from the above, companies like Britannia, Aeroflex Industries, IDFC, Infibeam Avenues, Ion Exchange, LIC Housing Finance, Lloyds Enterprises, NIIT, Samhi Hotels, Saregama will also declare their June quarter results.

Today will be the last opportunity for investors to purchase the shares of these companies in order to be able to qualify for the announced dividends. For the eligibility of the dividends, shareholders are required to buy the shares of the company at least one day before the ex-date, which ensures the settlement of the transaction on the following day.

stargazers. Experts in astronomy predict that T Coronae Borealis, popularly referred to as the "Blaze Star," will eventually come into daylight. A «once-in-a-lifetime» view is promised by this stellar event, which is situated 3,000 light-years away, as per the reports of Yahoo news. One red giant star that is very hot and one white dwarf star that is cool make up the binary star system known as T Coronae Borealis. The system, which is recognized for its periodic nova explosions occurring every 79 to 80 years, last erupted in 1946. Scientists studying the sky and astronomers alike are looking forward to the next outburst, which NASA predicts will happen before September 2024.

Financial advisors typically provide services like tax, retirement, investment, and estate planning to solve important problems clients have with their finances. In most instances, advisors map out the appropriate plan and offer their expert advice to clients but stop short of implementing their recommended strategies or plans. In these situations, advisors often turn to third parties like trust companies, or trust solutions companies, to execute advisors’ plans and perform the duties of a trustee.  

UK Prime Minister Keir Starmer warned social media companies Thursday they must uphold laws around spreading incendiary misinformation, following unrest blamed on the sharing of unverified details about the Southport knife attack. Addressing the nation from his Downing Street office and residence, Starmer pointed the finger at the role of the firms in two nights of violence after Monday's stabbing spree in the seaside town near Liverpool. «Let me also say to large social media companies and those who run them: violent disorder, clearly whipped up online, that is also a crime,» the UK leader said.

Some Canadians looking to break into the housing market are now able to get 30-year mortgages, a bid from the Liberal government to make owning a home feel more affordable.

bail plea of an SUV driver, arrested for his alleged role in drowning of three civil services aspirants in the basement of a coaching centre. During the proceedings, the Delhi Police told the court that they have decided to drop harsher charge of culpable homicide not amounting to murder against Manuj Kathuria, the SUV driver. Additional Sessions Judge Rakesh Kumar was hearing an appeal against the denial of bail to Kathuria by a magisterial court on Wednesday. «The bail is allowed,» the judge said.

tax evasion related to work down by their overseas offices, a government source said on Thursday, a day after Infosys was slapped with a $4 billion tax demand. In serving its highest-ever tax demand on Infosys, the government accused India's second-largest tech services company of evading taxes and sought Rs 32,000 crore ($3.8 billion), or almost all its revenue for the quarter ended June 30. Infosys said late on Wednesday it had received «pre-show cause» notices from the tax authorities but believed the relevant taxes had been paid. The company said in a statement it had paid its dues and is in compliance with central and state regulations.

Equity mutual funds have offered up to 11% return in July. There were around 615 equity and equity-oriented mutual funds in the market in the said period. The toppers in the list were sectoral/thematic funds and only one scheme offered a double-digit return in July.

For many college students, a dorm room is their first home away from home

Gaza Strip, Israel has fought a parallel, slower-paced conflict with Hamas' allies across the Middle East in which all sides have risked major escalation but ultimately avoided dragging the region into a bigger, multi-front war.

Fintech sector can play a prominent role in the rapid advancement of MSMEs and the digital global economy as a whole. The 9th edition of the Global Economic Summit organised by WTC Mumbai and All India Association of Industries (AIAI) from August 8-10, 2024 will highlight this critical role of fintech.

Angel One has invested Rs 250 crore into its wealth management arm, Angel One Wealth, to cater to the expanding population of high-net-worth individuals (HNIs) and ultra-high-net-worth individuals (UHNIs) in the country.

₹80 crore-100 crore per film. Recent Tamil films like Indian 2 and Captain Miller earned ₹90 crore and ₹104 crore domestically. High ticket prices, a dearth of mass-market cinema, and a plethora of free home entertainment options are driving Indians away from theatres, according to experts.

People who live near East Palestine

Going RIA is often compared to being in a candy shop. With so much candy – or tools – to choose from, it can be overwhelming to narrow down the best flavors.