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Top 5 budget 2023 expectations of retail sector
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Article Post-Budget Article: Impact on the Automotive Sector
The forward-looking approach adopted in the budget towards this sector has been in alignment with the government’s goals of promoting Aatmanirbhar Bharat and moving firmly towards net-zero carbon emissions by 2070, shares Saket Mehra in this insightful article in Financial Express.
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Article Impact of interest rate surge on the real estate sector
Interest rate hike and its impact on the real estate sector
Gift of money made by resident Indians to non-residents who are relatives as per the income-tax law, continue to be exempt, under specified conditions.
Amid the policy initiatives and tax proposals aimed at strengthening the Indian economy, the Union budget 2019 has plugged a loophole by proposing to tax gifts received by non-residents from resident Indians. The move, intended to widen and deepen the tax base, needs to be carefully understood and examined for any future gifts to be made by resident Indians. The provision was further amended when the same was passed by the Lower House (Lok Sabha) of the Indian Parliament.
Partner, Grant Thornton India LLP
This article appeared in Live Mint on 01st Aug, 2019.
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