FINANCE

1. Budget 2024 proposes overhaul of Capital Gains Taxes - Short term gains 20% on all financial assets, On all other other assets it remains as it was, Long term - 12.5% on all assets, Exemption on profits 1.25 lakh a year 2. Standard Deduction Increased from 50,000 to 75,000. 3. Dedction of Family pension 15K to 25K 4. The New Slabs in the New Regime in #Budget2024, From 0-3 Lakh - Nil , 3-7 Lakh - 5% , 7-10 Lakh - 10% , 10-12 Lakh - 15% , 12-15 Lakh - 20% , If its more than 15 Lakh - 30% 5. Angel Tax Abolished for All Categories of Investors. 6. STT on F&O increased to 0.2 % 7. FM keeps capex at Rs 11.11 lakh crore or 3.4% of GDP 8. Capital Expenditure in the Budget, 2019 - ₹3.1 Lakh Crore, 2021 - ₹4.4 Lakh Crore, 2022 - ₹5.5 Lakh Crore, 2023 - ₹7.5 Lakh Crore, 2024 - ₹10 Lakh Crore, 2025 - ₹11.1 Lakh Crore 9. Fiscal deficit lowered to 4.9% of GDP, market borrowing unchanged at Rs 14.13 lakh crore 10. Fiscal deficit for FY25 further scaled down to 4.9 from 5.1% in i...

1) Section 80C is one of the most popular and favourite sections amongst taxpayers. It allows a maximum deduction of Rs 1.5 lakh every year from the taxpayer's total income.   Some Investment / Expenditure are    Life insurance premium for the policy ELSS funds  NPS Scheme ULIP  Tax saving FD  PPF - Public Provident Fund Account  Senior citizen savings scheme  National Savings Certificate  Sukanya Samriddhi Yojana  Certain payments for purchase/construction of residential house property  Tuition fees  Post Office Time Deposit Rules etc 2) Section 80CCD (1B) Investments of up to Rs.50,000 in NPS.   3) 80CCD(2) Employer’s contribution towards NPS (outside Rs 1,50,000 limit under Section 80CCE) Central government employer: 14% of basic salary +DA Others: 10% of basic salary +DA 4) Section 80GG – Income Tax Deduction on House Rent Paid  Section 80GG deduction is available for rent paid when HRA is not received. ...

Real Estate is Unorganised in India There are Experts But You Should Also Do Your Own Homework  • RERA • CERSAI • Registration • Taxation Here’s a Thread from Our Experiences Bookmark and Share for Awareness 1) Flat or Land? Metro or Smaller City? This is an extremely personal choice Factors in Our Decision-Making • Family Roots • Quality of Food and Air • Cost of Living • Parent’s Preferences • Hospital, Railway Station (Less than 2 KM) Buying a Flat in Delhi NCR or Bengaluru was an option  But we finally purchased a second home last year in our hometown itself , nearest International Airport is just 65 km away 2 ) Due Diligence - Most Important So once you’ve finalised the property Ask for these documents from the seller • Previous Sale Deed / Agreement • Chain of Ownership • Plot/Land Status • Aadhaar/PAN of Owner • Water & House Tax Papers • Electricity Bill 3) How To Verify? a) You can hire a good lawyer and get the verification done at respective offices b) DYI - You...