Finance Minister Nirmala Sitharaman

Sitharaman proposes amendments to LTCG tax provision on immovable properties, offers two options to taxpayers

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NEW DELHI: Union finance minister Nirmala Sitharaman on Wednesday announced amendments regarding the Long-Term Capital Gains (LTCG) tax proposal on real estate during a debate on the Finance Bill in Lok Sabha. Taxpayers will now have the choice to calculate their tax liability using either the old system or the reduced rates without indexation, and … Read more

India is open to exploring more ways to increase collaboration with IMF, says Sitharaman

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NEW DELHI: Finance minister Nirmala Sitharaman on Saturday said India is open to exploring additional avenues for strengthening collaboration with the International Monetary Fund (IMF), during a meeting with IMF’s First Deputy Managing Director Gita Gopinath. During the meeting, Gopinath congratulated the finance minister for maintaining policy consistency in the fiscal consolidation path followed by … Read more