Thu, Feb 1, 2024 2:17 PM
Interim budget boosts electronics PLI scheme, allocating Rs 6,200 cr
A Flip by Shubhangi Gupta
The Central Board of Direct Taxes (CBDT) has launched a nationwide review of joint development agreements (JDAs) to identify individuals & Hindu Undivided Families (HUFs) who may have evaded capital gains taxes on property projects, assessing cases from 2020-21 to 2023-24. The CBDT aims to identify and penalize those who have not paid taxes despite receiving completion or occupation certificates.
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Active equity funds continued to sit on cash piles in October as cash holding as a percentage of category assets reached 4.91 percent, the highest level since May 2023, showed data available with Prime Database MF. Active equity mutual funds had combined assets under management (AUM) of around Rs 30 lakh crore crore as of October end.
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Market veterans, Ramesh Damani, Raamdeo Agrawal, and Manish Chokhani, who have seen plenty of market cycles, bull markets, bear markets were posed with a question on Thursday about ongoing market correction . They shared their insights on the market correction, agreeing that a time correction is necessary and that foreign selling will eventually end, making way for a huge flow of money into India.
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