When you sell your old jewelry to buy a new piece of jewelry, you are expected to pay capital gains tax on the sale. It is vital to note that the sale of gold, even for the purpose of purchasing a new piece of jewelry, is considered the sale of an old asset. In Budget…

Did you receive an expensive gift from someone this Diwali? It could be an expensive watch, a rare painting, a piece of jewelry or even a pair of branded shoes. Although a gift is generally considered tax-free, its value is greater than ₹50,000, it is subject to income tax in the hands of the recipient….

Image used for representational purposes. File The rupee opened flat on Tuesday (Oct 29, 2024) and fell 1 paisa to 84.08 against the US dollar in initial deals on Tuesday (Oct 29, 2024) as continued foreign fund outflows and strength in US currency in the overseas market negatively affected investor sentiment. Forex traders said a…

Credit card tokenization is the process of replacing the 16-digit number on a card with a unique combination of numbers, called a token. This approach improves the security of credit card transactions by ensuring that personal information is not included in the token. Tokenization is commonly used by online platforms such as food delivery apps…

Indian household savings as a percentage of our GDP are declining. In its latest Financial Stability Report (June 2024), the Reserve Bank of India also noted that while net financial savings have declined over 2022-2023, financial liabilities have increased on the back of private loans for consumption and investment. Rise of personal loans The personal…

The BRICS+ group’s share of global goods exports could overtake the G7 bloc by 2026, EY India said on Wednesday. The October edition of EY Economy Watch reveals a significant shift in global trade dynamics, with the BRICS+ group rapidly increasing its share of goods exports and imports. From 2000 to 2023, the BRICS+ group’s…

Cargo volumes in India are expected to grow 6 to 8 percent in the current fiscal, driven by healthy growth in container and coal segments, amid increased government investment in roads, ports and airport infrastructure, a report said. Wednesday. Credit agency ICRA predicts that spending on transport infrastructure projects, including roads, ports and airports, will…