Question
The Union Budget 2024-25 introduced changes to capital gains taxation. What is the revised annual exemption limit for capital gains, aimed at benefiting lower and middle-income taxpayers?
Read the following passage and answer the following question (Q18 to Q20). The Union Budget 2024-25 introduces various measures to drive India's economic growth, focusing on areas such as rural development, agriculture, and employment generation. One of the significant policy changes includes an emphasis on enhancing the infrastructure in rural areas through public-private partnerships, while another focuses on creating a robust digital ecosystem for governance and financial inclusion. Additionally, the government has outlined reforms to improve the efficiency of public spending, with special provisions for the agriculture sector. Employment-linked incentive programs are also being launched to support youth and promote workforce participation, especially in underserved regions of the country. The budget also touches on tax reforms aimed at simplifying compliance for individuals and corporations, ensuring that the burden of taxation is equitably shared while promoting growth and investment. Further investments in research and development, especially in clean energy, are expected to generate new opportunities for innovation and employment.
More Banking System in India Questions
- Which of the following areas are monitored in a PCA framework for evaluating whether the Non Banking Finance Companies (Deposit-taking and Non-deposit taki...
- With reference to the NBFCs, consider the following statements: 1. It is a company registered under the Companies Act, 1956 2. NBFC cannot accept demand de...
- Determine the cash flow from operating activities during the year based on the following: Cash flow from investing activities: 105,000 Cash flow from finan...
- Expand MCLR
- Calculate the Debt Equity ratio of the company.
- A and B exchange currency at a rate that takes place after a period of 1 month from spot date. What is the rate called in such case?
- Which among the followings are correct statements with regard to NBFC in India? (A) All NBFCs should be registered with RBI. (B) NBFCs cannot accept demand...
- What duties are taxes on intra-State supplies?
- Who is/are the participants in the derivatives market?
- Which of the following statements accurately describes India's payment systems? 1) The Reserve Bank of India (RBI) is the primary regulator and supervisor...
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
- 200 Questions with Detailed Solutions
- Section-wise Coverage (GA, English, Quant & Reasoning)