Chart of the day: Will NBFC funding get hit due to change in debt MF taxation?
Debt mutual funds were one of the main sources of funding for NBFCs and lower inflows due to the tax regime could pose a risk
Source: moneycontrol.com
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Express View on Finance Bill 2023: Principles underlying tax architecture need wider debate
Not only are there different rates of taxation for different asset classes, but even the holding period for differentiating between short-and long-term capital gains varies across assets.
Source: indianexpress.com
Lok Sabha clears Finance Bill amendment amid sloganeering, adjourned
Dressed in black to protest against Rahul Gandhi’s disqualification, Opposition MPs carried placards that read ‘Democracy in Danger’ and chanted ‘Modi, Adani bhai bhai’.
Source: indianexpress.com
Lok Sabha passes Finance Bill 2023
Lok Sabha, on Friday, passed the Finance Bill 2023 with over 45 amendments amid slogan shouting by opposition members.
Source: timesnownews.com
Blow for F&O traders, MF investors, and more: All about Finance Bill 2023
Lok Sabha on Friday passed the Finance Bill 2023 with 64 official amendments, including the one that seeks withdrawal of long-term tax benefits on certain categories of debt mutual funds and another for setting up the GST Appellate Tribunal. The Bill gives effect to tax proposals for the fiscal year starting April 1.
Source: businesstoday.in