Budget 2018 | Pixr8 News

No ‘Angel Tax’ For Startups on Raising Funds Up To Rs 10 Crore

6Feb By RishabhNo Comments

News

No ‘Angel Tax’ For Startups on Raising Funds Up To Rs 10 Crore

In between the Indian government's bid to promote Make in India and the startup industry in the country, the government has finally agreed stating that startups founded before 2016 who have raised up to Rs 10 crore angel funding will be exempted from the Angel Tax. Know what is Angel Tax here? "We have finalised the conditions which will resolve the issue of pre-2016 startups," an anonymous official from DIPP(Department of Industrial Policy and Promotion) told the source ET. The finance ministry had initiated the discussions with the Department of Industrial Policy and Promotion (DIPP) on the certification of genuine startups to help with the decision, amidst growing protests from investors and startup founders. "The government has also asked tax officials not to pursue cases against s...

Budget 2018: Instead of Increasing Tax Exempted Income to 3 lacs, Govt. Implied Standard Deduction To Reward Honest Taxpayers

2Feb By Press Trust of IndiaNo Comments

News

Budget 2018: Instead of Increasing Tax Exempted Income to 3 lacs, Govt. Implied Standard Deduction To Reward Honest Taxpayers

Tax-free income for salaried class and pensioners has been raised to Rs 2.9 lakh by way of a Rs 40,000 standard deduction and not by hiking exemption limit as the government wanted the benefit to accrue to honest tax payers, Finance Secretary Hasmukh Adhia said today. The standard deduction, which replaces tax-free transport allowance of Rs 1,600 per month (Rs 19,200 a year) and medical expense reimbursement of Rs 15,000 per annum, will accrue automatically to salaried class and pensioners without the requirement of furnishing proof like medical bills that is in vogue now. The provision, which forms part of the Budget for 2018- 19, will apply from April 1 after Parliament approval. Finance Minister Arun Jaitley chose the standard deduction route rather than raising tax exemption l...

Budget 2018 : 10 Important Announcements For Middle-Class Families

1Feb By Sabhyata AgarwalNo Comments

News

Budget 2018 : 10 Important Announcements For Middle-Class Families

The Finance Minister of India, Arun Jaitley, has announced the budget for 2018-19 today. Starting off with providing the details on how the previous year's budget turned out, he mentioned how India stands out as the fastest economy in the world and now is a 2.5 trillion-dollar economy. On the basis of purchasing power, India stands as the 3rd largest economy. In the budget, the finance minister provided details covering sector like- cryptocurrencies, agriculture and rural sector, fishery and husbandry sector, health, education, economic and social sector, tourism sector and many more. He introduced impressive proposals for the financial plan, that will be affecting Indian middle-class families in various ways, that we'll be talking below. With the budget aiming at strengthening agric...

Indian Sensex Crashes Over 300 pts on Capital Gains Tax Proposal

1Feb By AdityaNo Comments

Market

Indian Sensex Crashes Over 300 pts on Capital Gains Tax Proposal

Benchmark Sensex crashed over 300 points in afternoon trade today after Finance Minister Arun Jaitley announced 10 per cent tax on some long term capital gains in his Budget speech. The NSE Nifty also sank below the 11,000-mark during the Budget presentation. Sentiment also took a hit after the fiscal deficit target for 2017-18 was raised to 3.5 per cent of GDP as against 3.2 per cent earlier. The target for 2018-19 has been fixed at 3.3 per cent as against the Fiscal Responsibility and Budget Management Act target of 3 per cent. In highly volatile trading, the Sensex crashed to 35,590.17, a steep fall of 374.85 points, or 1.04 per cent. The 50-share NSE Nifty dropped 117.20 points, or 1.06 per cent, to 10,910.50. All sectoral indices were weighed down by widespread selli...

Jaitley On Digital Currency, ‘Cryptocurrency Not A Legal Tender, Govt. will Discourage Its Use’

1Feb By RishabhNo Comments

News

Jaitley On Digital Currency, ‘Cryptocurrency Not A Legal Tender, Govt. will Discourage Its Use’

Government has considered regulation of cryptocurrency in budget 2018. In order to regulate cryptocurrencies like Bitcoin, Finance Minister of India, Arun Jaitley said that cryptocurrency is not a legal tender and Indian government will discourage its use. However, the government is open to the 'blockchain technology' on which these cryptocurrencies work. The government will also be planning a roadmap to put some regulation on the cryptocurrency market. The digital currency world is currently not monitored by any regulating authority. Since the past year, cryptocurrency market has gained huge numbers of investors who are willing to put some considerable amount in the sector. Although even before the budget release, Arun Jaitley said that cryptocurrency is not a legal tender, but ...

Budget 2018: Last 10 Years’ Figures Show Nifty Rising in the Month Following Budget

30Jan By RishabhNo Comments

ANALYSIS

Budget 2018: Last 10 Years’ Figures Show Nifty Rising in the Month Following Budget

If you are waiting for a dip to invest fresh capital in the market, especially after a strong rally seen in the equity market so far, then is this the right time for you? Let's have a look what history has to say. If you are waiting for a dip, then chances of happening that are very low. Have a look at the data shown below: As you can see, the market declined only 3 times out of 10 years(i.e. 2009, 2012, 2015). The Nifty raised 7% in both 2010 and 2011 and considerably 9% in 2016 in the following month of budget. It is also evident from the data that the scenario is just opposite in the month prior to the Budget release.There's a dip in the market 6 out 10 times and remained unchanged for the remaining 2 times. The Economic Survey that was released on Monday highlighted som...