The jewellers in Rajasthan’s Jaipur have many hopes from the upcoming Union Budget and they shared their wish-list with PTI. The goldsmiths have a variety of demands including relief in GST to increase limit in cash transactions.
The government on Tuesday sought to address a significant concern stemming from the 2024-25 Budget announcement by introducing flexibility in the computation of long-term capital gains (LTCG) tax on unlisted assets, including properties.
India is growing at an accelerated pace and people are undertaking multiple financial transactions. The Income Tax Department has established a robust framework of reporting of taxpayers’ transactions.