The Reserve Bank of India (RBI) allowed domestic investment in a GIFT City fund using the Liberalised Remittance Scheme (LRS), under which a resident Indian can invest up to $250,000 a year in stocks and properties abroad. But administrators of category 3 AIFs receiving such LRS money may have a tough time dealing with the… Continue reading Budget 2023 may take up GIFT City AIFs’ tax snags
Tag: budget
BMC Doubles Budget to Rs 1 Lakh Per Student in Schools in 10 Years
As per the ‘State of Municipal Education in Mumbai, 2022’ report published by the Praja Foundation, there was a 6 per cent increase in admissions in the BMC-run schools in the last three years Read More
Budget 2023: After surcharge cap, PE/VCs seek LTCG parity on unlisted and listed shares
At present, the LTCG tax on unlisted stock held for more than 24 months is double that of listed equity shares held for a year. Read More
Budget 2023 must factor in geoeconomic infiltrations
When inflation is being imported because of a conflict that has nothing to do with India, risk money inflows facing a threat of pause Read More
Budget 2023: AMFI demands tax uniformity for MFs, DLSS, NPS
The industry body has also requested for various steps to be taken for the betterment of the mutual fund industry and investors and to deepen the equity market via mutual funds. Read More
Budget should focus on jobs, says India Inc
Finance Minister Nirmala Sitharaman on Monday kicked off pre-Budget consultations with two rounds of meeting with industry chamber heads, and climate change and infrastructure experts about their expectations from the upcoming Budget. Read More
Budget 2023: Why a decision on cutting taxes won’t be easy for Nirmala Sitharaman
The most important question on everybody’s mind is whether the government will roll out any income tax cuts or not. It won’t be an easy decision to make. Industry body CII has batted for income tax cuts to boost disposable incomes at a time when recession in advanced economies will chip away some of the… Continue reading Budget 2023: Why a decision on cutting taxes won’t be easy for Nirmala Sitharaman