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Does Global Crisis Effect The Capital Invested?

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Welfin Newsletter: More Tax Rate Cut On The Cards?

The lower middle class already had much to cheer in Budget 2017 when late former finance minister Arun Jaitley halved the personal income tax in the Rs 2.5-5 lakh bracket to 5 per cent  and again in the Interim Budget 2019, thanks to the full tax rebate offered to individuals with taxable annual income up to Rs 5 lakh. Those with a total annual income of over Rs 10 lakh currently fall in the 30 per cent tax slab. The buzz is that those earning up to Rs 55 lakh may also get major tax relief. Sitharaman recently had announced a relaxation in the corporate tax rates for domestic companies and new manufacturing domestic companies. As per the tax reforms, domestic companies will be taxed at 25.17 per cent, whereas new manufacturing firms will be taxed at 17 per cent. Both tax rates include all the surcharges and cess and will be applicable from the ongoing financial year. The decision is meant to increase liquidity at the companies' disposal and encourage foreign investment, espec...
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SEBI rolls out mutual fund reforms, categorises schemes in 5 categories

The reforms, which were anticipated by the industry, will make it easier for investors to evaluate their options before investing Moneycontrol News The Securities and Exchange Board of India (SEBI) on Friday announced some reforms in the mutual funds industry. The regulator has categorised mutual funds into five schemes — equity, debt, hybrid, solution oriented, and other schemes. Fund houses will be allowed to have one scheme in each category, except for index funds/ETFs tracking indices, fund of funds and thematic schemes investing in different sectors. The move is to bring in uniformity in the characteristics of similar type of schemes launched by different mutual funds and to standardise the scheme categories. The regulator wants funds to clearly distinct schemes in terms of asset allocation, investment strategy, etc. The reforms, which were anticipated by the industry, will make it easier for investors to evaluate their o...
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