The government on Tuesday proposed a relief to taxpayers with respect to capital gain tax on real estate properties by giving them the option to choose between 20 per cent and 12.5 per cent tax rates.
Bharti Global, the international investment arm of Bharti Enterprises, has decided to buy 24.5 per cent equity in BT Group - a move that will make the Indian conglomerate the biggest shareholder in the UK's second-largest telecom company both in terms of market value and subscriber count. The shares are being purchased from billionaire Patrick Drahi's Altice UK through a combination of cash and debt .
The government's move to tweak the long-term capital gains (LTCG) tax regime proposed in the Finance Bill 2024 and re-introduce the indexation benefit is likely to boost the investments and spur housing sales in the country, industry executives believe. "By enabling taxpayers to choose the lower tax burden between the new and old schemes, the amendment is poised to drive investment and enhance sales across housing segments," said Niranjan Hiranandani, chairman of the Hiranandani Group. In Budget 2024, Union Finance Minister Nirmala Sitharaman proposed an overhaul in the capital gains tax regime, including lowering the LTCG tax to 12.5 per cent from 20 per cent.
'My father died in the liberation struggle. Bangladesh is our Motherland. This is home,' says Monindra Kumar Nath, a Hindu who has lived his 74 years in Dhaka.
In private, questions are being raised about the wisdom of a 'dual-SIM' leadership during the long run-up to the 2026 assembly polls where 'family rule' could become an election issue, reports N Sathiya Moorthy.
He was reviled by critics in his party as a neo-liberal in disguise but till the end, he retained his belief in secularism and the humanity of Communism.
Bharatanatyam and Kuchipudi veteran Yamini Krishnamurti died at the Apollo hospital New Delhi on Saturday. She was 84.
Indian badminton stalwart Ashwini Ponnappa broke down in tears, announcing she has played her last Olympics after she and her partner Tanisha Crasto suffered their third straight defeat in the women's doubles competition of the Paris Games.
The BJP's strategy seem to be to wean away allies from the Congress, in Dravidian Tamil Nadu, and maybe later in UP, Bihar and elsewhere, though in slow doses, but without wooing them into a new alliance. The idea seems to be only to weaken the INDIA bloc from within -- and leaving it at that, notes N Sathiya Moorthy.
rediffGURU Anil Rego answers readers' personal income tax queries.
Sheikh Hasina, who was elected for a record fourth consecutive term and fifth overall term this year, was always admired by her supporters as "Iron Lady", before the dramatic development that abruptly ended her 15-year-rule in Bangladesh.
The finance minister clarified that indexation benefits offered until April 1, 2001 would be protected. This means older properties, including legacy assets, would benefit.
'The move to remove indexation benefits on LTCGs presently available for property, gold, and other unlisted assets may have a negative impact as it directly impacts real estate investors.'
The government on Tuesday proposed reducing the long-term capital gains tax on immovable properties to 12.5 per cent from 20 per cent, but removed the indexation benefits to adjust for inflation, a move experts termed as "negative" for sellers.
Where do Vijay and his TVK expect to get their votes from? Vijay has a huge fan following among women, but will they automatically become his voters like they had done for MGR's AIADMK, asks N Sathiya Moorthy.
The clashes broke out this morning when protesters attending a non-cooperation programme to demand the government's resignation faced opposition from the supporters of the Awami League, Chhatra League, and Jubo League activists.
Dhammika Niroshana died on Wednesday at the age of 41
If there's one thing the full-of-beans star knows, it's how to stay happy, observes Dinesh Raheja.
Crucial reforms in Muslim personal law, especially laws related to inheritance and adoption, need to be initiated forthwith; historically speaking, without the State's backing, hardly has any reform taken place or allowed to prevail, asserts Mohammad Sajjad.
Manchester United have appointed their former striker Ruud van Nistelrooy as an assistant to manager Erik ten Hag
India showed resilience to win T20 WC and celebrations told that story: VVS Laxman
Maintain a proper record of documents that can act as proof of the cost of acquisition of the property, cost of improvements made to the property, expenses related to transfer of the property (like brokerage and registration charges). These will come in handy in case of a dispute with the taxman.
'Is the Agniveer scheme or their post-retirement re-employment in paramilitary forces or in the state governments the BJP's answer to the crying need on the job front?' 'Or, even Finance Minister Sitharaman's one-year internship scheme in the public and private sector, is it a permanent solution, either?', asks N Sathiya Moorthy.
'For me, if I want to buy a house to stay, I don't care about indexation because I don't want to sell that house.' 'The only thing that matters to me as a buyer is that the home price should be within my reach.' 'Any market, when speculators and investors go out, it will benefit the middle class.'
In a judgment of far-reaching implications, the Supreme Court on Wednesday ruled that a Muslim woman can seek maintenance from her husband under Section 125 of the CrPC and said the "religion neutral" provision is applicable to all married women irrespective of their religion.
June rainfall accounts for 15 percent of the total precipitation of 87 cm recorded during the four-month monsoon season in the country.
'Sebi had no problem with derivatives until trading exploded after Covid.' 'But now, having built a dangerous road, from which different entities, mainly governments, are extracting a heavy toll, Sebi is concerned that people are driving on it in much greater numbers,' explains Debashis Basu.
Manoj Tiwary and Munaf Patel extended wishes to former India captain Sourav Ganguly on his 52nd birthday.
'Stars have made stacks of wealth at the cost of the rest of the film industry.'
From Kishore Kumar posing as a Half Ticket running riot to Raj and Simran's super filmi reunion in Dilwale Dulhania Le Jayenge, train journeys in Hindi movies have formed the backdrop for both romance and comedy. But it's the action scenes where the railgaadi's daredevil attributes lie.
The court sentenced Patkar after considering the evidence before it and the fact that the case went on for over two decades.
'Diljit and Prabhas are so similar -- very humble, down-to-earth, extremely shy introverts and at the same time, extremely talented guys.'
Colombia, who have qualified for the quarter-finals, top Group D with six points after two matches, with Brazil in second on four points.
Andrea Binaghi, who has headed the Italian tennis federation (FITP) since 2001, pointed to reforms over the last 10-15 years to decentralise the coaching system and offer more financial, technical and psychological support to young talent.
Brazil missed a string of chances and were left to rue a lack of quality in the final third after they were held 0-0 by Costa Rica.
Sanjay Jha's importance lies in his connections to senior BJP and RSS leaders to maintain a smooth relationship within the NDA government in Bihar and at the Centre and to contest the 2025 Bihar assembly elections together under Nitish Kumar's leadership.
Modi's inability to make peace with a renewed Opposition will only embolden his coalition partners and it is just a matter of time before they begin asking probing questions besides politely disagreeing with his tactics, predicts Nilanjan Mukhopadhyay.
Jitin Prasada was once considered as among Rahul Gandhi's 'young Turks' and was a minister in successive Manmohan Singh governments but defected from the Congress to the BJP in 2021, where he has again established himself as a prominent Brahmin face of Uttar Pradesh.
The government on Thursday reappointed former IPS officer Ajit Doval as the National Security Adviser (NSA), according to an official order.
Will Modi 3.0 also see theaterisation of India's armed forces?
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