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Are tax sops enough to make real estate investments appealing?
Rental yields offer better returns than most other investments because of the tax sops offered by the government.
6 min read26 Sep 2023De-dollarization - DEMONETIZATION 2.0? EXPLAINED! | Mint Explains | Mint
The US dollar has long been the world's reserve currency, but its dominance is under threat. In recent years, there has been an accelerating trend towards de-dollarization as countries seek to reduce their reliance on the dollar. The dominance of the US dollar in international trade and finance has faced increasing challenges, leading to discussions about the future of global economic dynamics and the potential consequences for various stakeholders.
7 Aug 2023India To Settle Trade With Indonesia In Rupees | Dedollarisation: Opportunities & Challenges
India’s de-dollarization efforts are gaining momentum. In 2023, first, Bangladesh, then UAE, and now Indonesia will trade with India using local currencies. Other than that, 18 countries have been allowed by the RBI to use the rupee as a primary currency. In less than 48 hours of signing a memorandum of understanding with the UAE for Rupee-dirham trade India has inked a deal with Indonesia to trade in local currencies.
18 Jul 2023IT Department uses AI to identify fake donation claims | Mint Primer | Mint
Saving On Taxes By Resorting To Fake Donations And Deductions May Soon Be A Thing Of The Past With The Income Tax Department Now Assessing Income Tax Returns (Itrs) Using Artificial Intelligence (Ai). The Department Is Currently Conducting Reassessments Of A Significant Number Of Income Tax Returns. Specifically, It Is Placing Emphasis On Cases Where Taxpayers Have Claimed Deductions For Donations Made To Charitable Trusts And Political Parties During The Fiscal Year 2019.
3 Jul 2023What To Know About Filing Taxes This Year | Mint Money Talks
IT department recently reminded the taxpayers to pay their first installment of the advance tax by tweeting a reminder from its handle. In this episode of Mint money Talks, CA Nitesh Buddhadev explains the various ITR forms and who they apply to. He also explains the major tax filing changes.
15 Jun 2023ITR filing: Tax rules on income from house property that your should know
Income tax return: For computing taxable income, you are allowed to claim a standard deduction of 30% of the rent received by you
1 min read6 May 2023Want to pay less for an SUV? Lease through your employer
Tax deductions on such leases will help bring down the cost of a vehicle by at least 20-40%Car leasing allows an individual to use a vehicle for a specified duration by paying rentals regularly
5 min read19 Apr 20237 big income tax rule changes from 1 April 2023 for taxpayers | Mint Primer | Mint
There are many changes in the income tax rules effective from this financial year. Changes in income tax slabs to tax rebate limit raised, No LTCG tax benefit on some debt mutual funds are some of the major changes effective from 1 April 2023.
6 Apr 2023The case for an inequality boom in India is greatly exaggerated
Income tax data offers no reliable proof of a divergence while fiscal transfers would likely have reduced our Gini coefficient
4 min read4 Apr 2023Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared