On 28th May’2021, Friday GST council’s 43rd meeting took place which was long due from February ’2021. So, after a gap of about 7 months (last held in Oct’20) finally the meeting took place. In the meeting finance minister Mrs. Nirmala sitharaman also announced about “Amnesty scheme” along with few other things. There were lot […]
Faceless assessment means carrying out of income tax assessment procedure without human interface with the use of technology wherein, a centralized NeAC (National Electronic Assessment Centre) shall be the medium of communication with the assesses and department with the use of Artificial intelligence, algorithms. The Cases shall be assigned to the department through automated allocation […]
Researchers are bullish on the yellow metal and claims that gold price may rise to Rs.65,000.00 (Per 10gm, 24k). As on july,2020 average gold price in India has already crossed Rs.55,000.00. In the past few months, there has been a lot of buzz around the gold prices. It is rising at a massive speed. So, […]
Now LTCG on shares on stock exchange will be taxable @10% for gain exceeding Rs. 1,00,000 and the benefit of indexation will also not be given. This change seems a bit inappropriate because since the STT is still there and STT was introduced to set LTCG on shares free. Capital gains made on shares until Jan 31 will be grandfathered. So,with this tax regime focus may shift to Trading instead of investing.
