Tag Archives: Budget 2020

Amazon, Flipkart Seek Rollback of New Tax on Online Sellers

Amazon, Flipkart Seek Rollback of New Tax on Online Sellers

Amazon and Walmart’s Flipkart are among online retailers demanding that India scale back a proposed tax on third-party sellers on their platforms, saying the burden of compliance will hurt the fledgeling industry, according to documents seen by Reuters. The online retail industry is braced for a possible 1 percent tax on …

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Budget Tax Proposals Not To Impact Mutual Fund Industry: Franklin Templeton

Budget Tax Proposals Not To Impact Mutual Fund Industry: Franklin Templeton

The proposed changes in Dividend Distribution Tax (DDT) and the new income tax system announced in the budget will not have any adverse impact on the mutual fund industry that showed resilience and maintained robust growth amid economic headwinds, a senior mutual fund official said. After the Union Budget was …

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How Stock Markets Read Budget 2020, RBI Policy Review This Week

How Stock Markets Read Budget 2020, RBI Policy Review This Week

Analysts say that the Budget may support the economy in the long term Domestic stock markets rallied this week with benchmark indices clocking gains of nearly 4 per cent after the February 1 Budget announcements triggered their worst single-day fall in at least 17 months. The S&P BSE Sensex index …

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