Cholamandalam Investment and Finance Co. Ltd. (Chola) continues to make significant progress towards its long-term vision of becoming a financial powerhouse, said the firm’s top official. “Chola has achieved record-breaking disbursals, collections, and profitability in FY24. Alongside this growth of our established businesses, our new ventures are making substantial contributions to both volume and value,”…
Quarterly earnings from several blue-chip firms, including Infosys and Reliance Industries, global trends, and trading activity of foreign investors, would act as major driving factors for equity markets’ movement in a holiday-shortened week ahead, analysts said. The domestic WPI inflation data for June — scheduled to be announced on Monday — will also influence trading…
Paytm’s shares closed at ₹467.25 apiece on July 12, 2024. File | Photo Credit: REUTERS Japan’s Softbank investment arm Softbank Vision Fund exited from Paytm in the June quarter at a loss of around $150 million, sources aware of the development said. Softbank invested about $1.5 billion in One97 Communications, the owner of Paytm brand,…
Net direct tax collection for FY 2024-25 spiked to ₹5.74 lakh crore till July 11, 2024, witnessing a jump of 19.54 percent over the preceding fiscal, data released by the income tax (I-T) department indicated. The gross collection of direct tax rose to ₹6.45 lakh crore, thus showing a jump of 23.24 percent. Meanwhile, income…
Every tax season brings with it a plethora of usually complicated tax calculations. Figuring out how much taxes to pay, and how many deductions you can claim can be a chore. But apart from that, you can also save some money by the means of how you pay your taxes. This tax filing season, we…
When it’s dark and cloudy outside, what better way to clutch your umbrellas than by watching the fabulous actor play a serial killer in a film that will make you squirm long after the lights are turned on in the theatre? Longlegs is not your everyday ordinary horror film with blood and gore you see…
Photo used for representation purpose only. | Photo Credit: Getty Images/iStockphoto Net direct tax collection grew 19.54% to over ₹5.74 lakh crore so far this fiscal on higher advance tax payment by corporates. The first instalment of advance tax, which was due on June 15, rose 27.34% to ₹1.48 lakh crore. This includes Corporation Income…
Budget 2024: The salaried class has high expectations for the upcoming budget as there was not much relief for the taxpayers in the interim budget of 2024. Anticipating Budget 2024, substantial tax reforms are expected to provide relief and boost savings for taxpayers, especially the middle class. Personal Finance Experts suggest potential changes such as…
ITR filing: The income tax department wants certain taxpayers to report various assets and liabilities to detect cases of disproportionate assets owned by a taxpayer compared to his known sources of income. The report can be divided into two parts: first, those taxpayers with incomes over 50 lakh rupees, and second, foreign assets owned by…
Personal income tax receipts constituted 60.2% of the net collections, while corporate taxes yielded 36.6% of net revenues. File | Photo Credit: Reuters Growth in India’s net direct tax collections slowed slightly to 19.54% by July 11, relative to a 21% rise recorded by June 17, with revenues hitting ₹5.74 lakh crore, the Income Tax…
