Below the FPI Progress in November Trend inputs by Manoj Purohit, Partner & Leader, Financial Services Tax, Tax & Regulatory Services, BDO India
Despite the ongoing outrage of funds since last month, this month saw an unprecedented applications of about 40-50 new FPI registrations which are eyeing to enter the Indian market. All thanks to SEBI’s recent relaxation to NRIs, permitting them to participate upto 100% and announcing measures for ease of entry a...
FPI Progress in November Trend inputs by Manoj Purohit, Partner & Leader, Financial Services Tax, Tax & Regulatory Services, BDO India
Below the Quote on FPI Progress in September Trend inputs - Manoj Purohit, Partner & Leader, Financial Services Tax, Tax & Regulatory Services, BDO India
In line with an expected move, the US Federal Reserve, this week, made the first interest rate cut in the last four years, by a larger-than-anticipated margin of 50 bps. The FPI fraternity has been conscious of this move and reacted passively. The Indian markets reflected their resilience on a positive not...
FPI Progress in September Trend inputs - Manoj Purohit, Partner & Leader, Financial Services Tax, Tax & Regulatory Services, BDO India
Below the Budget on Capital Gains Tax Rejig and Market Implications by Manoj Purohit, Partner & Leader, Financial Services Tax, Tax & Regulatory Services, BDO India
"With the aim of rationalising the capital gains tax regime, the period of holding and tax rates have been rejigged in the Budget proposals. Firstly, the current long-term capital gains tax exemption of INR 1 lac is increased to INR 1.25 lacs.
The period of holding for listed financial assets is...
Budget on Capital Gains Tax Rejig and Market Implications by Manoj Purohit, Partner & Leader, Financial Services Tax, Tax & Regulatory Services, BDO India
Below the Budget Day Input Taxation Sector Gunjan Prabhakaran, Partner and Leader, Indirect Tax, BDO India
The Government has ably taken steps towards its goals for a Viksit Bharat by 2047. The key focus of the budget outlay has been on the poor, women, farmers and youth. From a tax perspective, the focus continues to be on tax rationalisation and simplification. The Government has also proposed a comprehensive review of Customs rates and exemptions, to alleviate challenges faced...
Budget Day Input Taxation Sector Gunjan Prabhakaran, Partner and Leader, Indirect Tax, BDO India
Below the Pre-Budget Expectations on Mutual Funds and Banking by Manoj Purohit, Partner & Leader, Financial Services Tax, Tax & Regulatory Services, BDO India
Mutual Fund:
1. Uniformity in tax treatment
Currently, the tax rates vary for short-term and long-term assets, depending on the type of capital asset and payment of applicable securities transaction tax. For listed shares, a holding period of 12 months qualifies as long-term, whereas for unlisted ...
Pre-Budget Expectations on Mutual Funds and Banking by Manoj Purohit, Partner & Leader, Financial Services Tax, Tax & Regulatory Services, BDO India
Below the Pre-Budget Expectation on Banking Sectors, Alternative Investment Funds, by Manoj Purohit, Partner & Leader, Financial Services Tax, Tax & Regulatory Services, BDO India
"1. Parity in tax across all categories
In the Finance Act, 2015, a special tax regime was introduced where pass-through status was granted to Category I and Category II Alternative Investment Funds (AIFs). This resulted in shifting the payment of tax obligation on the income earned b...
Pre-Budget Expectation on Banking Sectors, Alternative Investment Funds by Manoj Purohit, Partner & Leader, Financial Services Tax, Tax & Regulatory Services, BDO India
Below the Quote on Pre-budget expectations on Sustainability & Environment by Rakesh Jha, Partner, Energy Sector Solutions, Sustainability and ESG, BDO India
India aims to install 500 GW of renewable energy projects by 2030. Currently, we are at approximately 194 GW, so achieving this ambitious target will require strong policy support and a proactive government push. Continuation of effective policies, such as the waiver of Inter State Transmission System (ISTS) c...
Quote on Pre-budget expectations on Sustainability & Environment by Rakesh Jha, Partner, Energy Sector Solutions, Sustainability and ESG, BDO India
Below the Expert Comment on FPI Trend by Manoj Purohit, Partner and leader - FS Tax, Tax and Regulatory Services, BDO India
“Post the election results and settling down on the political front, India is back on the radar showcasing its strong fundamentals and long-term growth story. FPIs did react to the election results, resulting in substantial selling pressure with the decision to exit. However, post the final results, the investor fraternity is now back in action to...
Expert Comment on FPI Trend by Manoj Purohit, Partner and leader - FS Tax, Tax and Regulatory Services, BDO India
Below the Quote on Central Excise Bill, 2024 by Gunjan Prabhakaran, Partner & Leader, Indirect Tax, BDO India
The release of the draft Central Excise Bill, 2024, which seeks to replace the Central Excise Act, 1944, indicates the Government’s intention to revisit the provisions of the existing Central Excise Act while also working on consensus for introducing GST on all products, including petroleum products, which are still not covered under the GST ambit.
The industry sh...
Quote On Central Excise Bill, 2024 by Gunjan Prabhakaran, Partner & Leader, Indirect Tax, BDO India
Below the Quote on GST May collection numbers by Gunjan Prabhakaran, Partner & Leader, Indirect Tax, BDO India
As per the recent update by the Ministry of Finance about the GST Revenue Collection, I am sharing a quick quote on GST collection numbers for April 2024 by Gunjan Prabhakaran, Partner & Leader, Indirect Tax, BDO India.
The 10% increase on a year-on-year basis in GST collections is largely driven by the significant increase i...
Quote on GST May collection numbers by Gunjan Prabhakaran, Partner & Leader, Indirect Tax, BDO India
Below the Experts Views on Union Government has approval of new EV policy to boost manufacturing by Ashish Bagadia, Partner, Corporate Finance and Investment Banking, BDO India
This is a welcomed move. For faster adoption of EVs, the basket of options available for the buyers needs to expand. If we look at the ICE market, there are various segments (by form factor, pricing, quality, product positioning, etc), and each segment has healthy competition between the manufacturers...
Experts Views on Union Government has approval of new EV policy to boost manufacturing by Ashish Bagadia, Partner, Corporate Finance and Investment Banking, BDO India
