CMA.Vigneshwaran’s Post

Did you know? The practice of levying tax was first introduced in February of 1860 during the British Rule to fill the treasury. Fast forward to today, PTI or Personal Income Tax is a tax levied by the Indian Government on an individual's personal income. Over the years PTI has seen an almost 22% increase in its collections and is only going to rise as per the projected collections of 2024-25 estimated to be 11,87, 000. Source - https://lnkd.in/dRAHH87K #incometax #finance #savings #economy #india

As Non-Resident Indians (NRIs), understanding the nuances of income tax is crucial. NRIs are subject to taxation on income earned, accrued, or deemed to accrue in India. This includes income received within India's borders or income that is deemed to be received here. It's essential to stay informed about these regulations to ensure compliance and optimize financial planning. Stay updated to navigate your tax responsibilities effectively with us. . . #nriinvestments #incometax #taxcompliance #financialplanning #globalcitizens #investinginindia #taxation

Understanding capital gains tax in different country. India with 20% for short-term, 12.5% for long-term. What are your thoughts on India's capital gains tax rates? Share your views below! #CapitalGainsTax #India #Investment #TaxTips #FinancialLiteracy #TaxDiscussion #Finance #Tax #GlobalTax #TaxComparison #TaxLaws #FinancialPlanning #IndiaTax #USTax #mastertrust #UKTax #ChinaTax #TaxRate #ShortTermCapitalGains #LongTermCapitalGains #TaxDeductions #FinancialAdvice #TaxPlanning #TaxReform #EconomicPolicy #followmastertrust

We are living in an era where people do not talk enough about the tax burden and financial literacy. This gentleman raised a very serious issue about tax levy on security transactions. Securities attract GST, Stamp Duty and STT. Moreover, you have Capital Gains tax on the income you earn through securities. This is itself huge considering the volume and value of dealings that we encounter daily on our exchanges. The need of the hour is to analyse why the government keeps on raising direct and indirect tax burden on few individuals instead of raising the base aggressively. Evidently we don't have the much needed public appeal for financial justice. #financialliteracy #taxplanning

Again tax on already taxed income. 🤐 Also section 80C limit is not 1.5 lac. 80C limit was revised to 1.5 lac in 2014-15 , if we consider 6% as rate of inflation then it worth approx 90k this year. Shouldn't be like all types of exemption sections needs to be adjust every year as per inflation rate ? #taxation #finance #india #income

Worst budget from investor's point of view. This tax hunger will definitely discourage the investors. It's like killing the middle class. In Indian politics, middle class plays a limited role, we are neither the money bank for the politicians nor the vote bank. ▶️ LTCG: hiked from 10% to 12.5% ▶️ STCG: hiked from 15% to 20%. There is no harm in giving taxes however as a taxpayer I don’t see any benefit coming out of it. Just that year on year, our tax liability is increasing at a rapid rate. Innocent direct taxpayers have no voice in India. #Taxation #incometax #India

Q: Under Indian income tax laws, do individuals with assets or financial interests outside India need to file an income tax return even if their income is below Rs. 2.50 lakh? A: Yes, individuals who own any assets or have financial interests in any entity outside India are required to file an income tax return, regardless of whether their income is below Rs. 2.50 lakh, which is the minimum amount not chargeable to tax. Q: What is the penalty for non-disclosure of foreign assets under Indian income tax laws? A: The penalty for non-disclosure of foreign assets can be Rs. 10 lakh. #incometax #itr #efile

EP Briefs | The Economic Post | The Economic Club of India The growth was bolstered by a significant increase in advance tax collection, reaching ₹1.48 lakh crore for 2024-25, a 27.34% increase from the year ago period. This included advance corporate tax of ₹1.14 lakh crore and advance personal income tax of ₹34,470 crore. #Tax #DirectTax #government #governmentofindia #economy For details, refer the link ➟ https://lnkd.in/eTmRDuPn

#BondVoyage While bonds are relatively risk-free assets, taxes are levied upon them. In India, interest earned from bonds is taxed as per the investor's income tax slab rate, while capital gains from bonds held for more than 12 months are taxed at a flat rate of 12.50% without indexation. Additionally, TDS (Tax Deducted at Source) is applicable on interest income from bonds if it exceeds ‹5,000 annually. Watch this video and learn more about taxation on Bonds in India. #Bonds #Risk #TDS #TaxationOnBonds

India's net direct tax collections hit Rs 6.93 trillion, up 22.5% from last year. Personal income tax leads with Rs 4.47 trillion, surpassing corporation tax at Rs 2.2 trillion. #TaxUpdate #IndiaEconomy #DirectTax #HDFCBank #investment #investmentopportunities #BusinessStandard