To choose the best performing mutual fund to invest in, a variety of criteria must be taken into account, including benchmarks for funds, the performance of the chosen funds relative to other funds of a similar category, historical returns, ratios, profile of the fund managers, and more.
The Centre on Wednesday announced to extend the tax holiday scheme for startups till March 31, 2024, which means that startups incorporated till the latest date next year can avail tax benefits.
Union Budget 2023 News Update: FM Sitharaman announced that there will be no tax for income up to Rs 3 lakh; 5 percent tax on Rs 3-6 lakh while highest tax rate of 30 percent on income above Rs 15 lakh will be levied under new I-T regime.
So far in January, FPIs have pulled out ₹ ₹15,236 crore from Indian equities. However, overall in 2022, FPIs sold ₹1,21,439 crore which can be attributed due to macroeconomic uncertainties, rising interest rates trend, and geopolitical tension.
To strengthen investments in markets, expectations are that the government should increase the holding period for LTCG. Coupled with this additional tax rebates are likely to boost large trading volumes in Indian markets which are expected to drive economies as well.