India’s Direct Tax Performance in 2023-24 India’s recent fiscal performance has exceeded expectations, particularly in the realm of direct tax collections. Data released recently showcased a significant uptick in net direct tax collections for the fiscal year 2023-24, reaching ₹19.58 trillion, marking a notable 17.7% increase from the previous year.   Key Highlights of the Direct Tax Collections Breakdown: Net corporate tax collections surged by 10.3%. Net income tax collections witnessed a substantial growth of […]

Mint Explainer: Uncovering the Risks of Unauthorized Forex Trading Platforms Introduction: The RBI Governor Shaktikanta Das recently expressed concerns about unauthorized forex trading platforms used by corporates and traders to mitigate foreign currency risks. These platforms, resembling casino games, make enticing promises of high returns. As a result, the RBI has urged banks to remain vigilant and identify the 75 unauthorized entities involved in forex transactions. In this Mint explainer, we delve into the reasons […]

IT Jobs FY24 Review: Headcount Declines, Attrition Rates Improve for TCS, Infosys, and Wipro Introduction Leading Indian information technology (IT) companies Tata Consultancy Services (TCS), Infosys, and Wipro have recently released their Q4FY24 results, revealing a decline in their total employee headcount for the entire fiscal year. This decrease is attributed to the challenging macro environment, weak global demand, and reduced discretionary spending. Additionally, all three companies reported a sequential decline in attrition rates. TCS: […]

Income Tax Strategies for Real Estate Investors: Maximizing Deductions and Minimizing Liabilities Introduction Real estate investment presents a dynamic landscape where investors strive to strike a balance between profits and liabilities. To unlock the full potential of your real estate portfolio, it is essential to master tax optimization strategies. In this article, we will explore various tactics that can help you maximize deductions and minimize tax liabilities. Deduction Dominance: Reduce Taxable Income and Maximize Accrual […]

Demat Account: Streamlining Mutual Fund Investments   In recent times, the Indian equity market has attracted a growing pool of investors, resulting in a surge of ₹14 lakh crore of mutual fund assets in FY24. This rise represents the highest growth since fiscal 2021, coinciding with the increased participation of retail investors. This trend underscores a deepening interest and confidence in the stock market, perhaps owing to the expanding adoption of systematic investment plans (SIPs). […]