The Indian government has removed the indexation benefit for calculating long-term capital gains (LTCG) on non-financial assets, including property, and lowered the LTCG tax rate to 12.5%. This change may negatively impact investors, especially those with shorter-term investments or have properties in high-investor activity markets like NCR and Mumbai.

Indus Towers jumps 5%, as company is considering buyback of shares, Sun Pharma crosses ₹4 lakh crore m-cap after gaining 1.8%. Both stocks climb to a 52-week high. IIT bellwether, TCS surges 1.6%, stocks hit fresh 52-week high.

DLF has given guidance to achieve ₹17,000 crore worth of sales bookings for the entire 2024-25 financial year as against nearly ₹15,000 crore in the preceding year.

As per the proposed changes, annual income of up to ₹3 lakh will continue to remain tax-free, whereas the tax slab for the 5% income tax bracket has now been enhanced to ₹3 lakh to ₹7 lakh from the previous ₹3 lakh to ₹6 lakh earlier. Here’s how much income tax you will pay under the revised new tax regime.

Feel left out because you are unable to invest in a PMS? Well, SEBI has proposed a New Asset Class (NAC) which will help retail investors participate in PMS-like products with a lower investment threshold. Read on to learn more about this asset class. That said, we also look at whether investing in conventional mutual funds is really hampering an investor’s wealth creation journey.

The NIFTY50 has formed a bullish engulfing candle on the daily chart ahead of the crucial Q1 results from Reliance Industries and HDFC Bank. In addition, the index is showing early signs of forming another bullish candle on the weekly chart. If the index closes above 24,600, the trend is likely to remain positive.