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Union Budget 2023 News, Latest News on Budget 2023, Indian Budget News

Union Budget 2023 News: Get latest Budget 2023 news and live updates from FM Nirmala Sitharaman on Business Today. Find current news on 2023 Budget, Budget Expectations, Budget Announcements, Budget Impact, Budget Highlights and more.

Investment In Shares In Indian Subsidiary Capital Account Transaction , Not Income: Delhi High Court

The Delhi High Court has held that investment in shares by a company in its Indian subsidiary is a “capital account transaction” which does not give rise to any income. Therefore, the same cannot be.

A pleasant surprise awaits personal income tax payers in interim budget 2024-25

Food Fight: Zomato may be looking at minimum 3 yrs of litigation over Rs 400 crore GST notice, say experts

ince there is no settlement commission in GST, both taxpayers and the revenue department would have to slug it out in the courts, where it’s unlikely to be resolved at the lower levels as substantial monies are at stake.

NPS new rule: With systematic lump sum withdrawal, will returns from NPS be tax-free till age of 75?

After the latest changes, NPS investors will now have the option to withdraw 60% of their retirement corpus either as a lump sum at once or they can get paid in a phased manner through the systematic lump-sum withdrawal facility post-retirement. If you are planning to opt for a systematic lump-sum withdrawal of your NPS corpus at the time of retirement, you must know how it works and will be taxed. Read on to find out.

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