From capital gains tax to job creation, understanding Union Budget 2024

Quick Summary:

Angel tax is levied on the capital raised via the issue of shares by unlisted companies from an Indian investor if the share price of issued shares is seen as more than the fair market value of the company.

She also announced a hike in the Securities Transaction Tax (STT) on futures and options (F&O) securities by 0.02 per cent and 0.1 per cent, respectively.

The deduction limit was raised to 14 per cent from 10 per cent for employers' contributions to the National Pension System (NPS).

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Article Details

Category: BusinessFinance

Markets: India

Topics: Budget 2024 MSMEs Job creation Capital gains tax Retail investors Unemployment rate Income tax regime Fiscal consolidation Angel tax Nirmala Sitharaman Employment-linked incentives.

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-23 @ 13:28:33 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 753 words

Reading Time: 5 minutes read

Sentences: 32 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 21747946

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