AVS POST

Tag: Income tax budget 2025

  • While Sitharaman Was Reading the Budget, Gold Prices Witnessed a Major Surge!

    While Sitharaman Was Reading the Budget, Gold Prices Witnessed a Major Surge!

    Gold Prices

    Finance Minister Nirmala Sitharaman presented the Union Budget, in which there was no special announcement regarding gold. However, gold prices soared to a record high of ₹84,900 per 10 grams.

    Key Highlights:

     Gold has become ₹5,510 more expensive this year
     Gold reached a record high in the bullion market today
     Gold prices have increased by 7% in 2025 so far
     No announcement regarding gold was made in the budget

    Gold Prices Hit an All-Time High

    New Delhi: Finance Minister Nirmala Sitharaman presented the Union Budget 2025 today. Although no specific announcement was made regarding gold, its prices reached a record high on the budget day. On Friday, gold was selling at ₹84,900 per 10 grams in New Delhi, marking an all-time high.

    According to the All India Sarafa Association, the price of 24-carat gold surged by ₹1,100, continuing its upward trend for the third consecutive day. At the beginning of the year, gold was priced at ₹79,390 per 10 grams, and since then, it has increased by ₹5,510 or 7%.

    Similarly, 22-carat gold also witnessed a rise of ₹1,100, reaching ₹84,500 per 10 grams. Silver prices also surged, increasing by ₹850 to reach ₹95,000 per kilogram.

    Impact of Previous Budget on Gold & Silver Prices

    It is noteworthy that in July 2024, during the full budget, the Finance Minister had reduced import duty on gold and silver from 15% to 6%—the biggest cut ever. This led to a 104% increase in gold imports by August 2024.

    Budget on Gold Prices
    Budget on Gold Prices

    Why Are Gold Prices Rising?

    1. Global Gold Prices:
    • In the international markets, spot gold prices surpassed $2,800 per ounce, creating a positive sentiment in Indian markets as well.
    1. Safe-Haven Investment Demand:
    • The U.S. government’s threats of imposing new tariffs on Mexico, Canada, and China have pushed investors towards gold as a safe investment.
    1. Monetary Policies:
    • Expectations of interest rate cuts by major central banks, including the European Central Bank (ECB), have further supported the rise in gold prices.

    Also Read This: TATA motors share: The tata share price, Q3 results, performance in recent times and future of the company.

    What Should Investors Do?

    Experts suggest that gold prices may continue to rise in the short and medium term. Due to global economic uncertainties and changes in U.S. policies, the demand for gold is expected to increase.

    With Donald Trump possibly becoming the U.S. President again, trade tensions with China and Mexico are escalating due to potential higher import duties, leading to global trade disruptions.

    Given this uncertainty, investing in gold remains a safe option.

  • Income tax budget 2025: what will the new plan in budget, changes, Major announcement, Impact of budget, and digital economy.

    Income tax budget 2025: what will the new plan in budget, changes, Major announcement, Impact of budget, and digital economy.

    Income tax budget 2025: According to today’s report of the union budget for the fiscal year 2025-26 will be announced on February 1, 2025. The actual list will be present during the announcement but there is several expectation and speculation regarding potential changes.

    upcoming income tax budget 2025
    upcoming income tax budget 2025

    Changes in income tax budget 2025.

    Some changes in income tax are: –

    • The revision of income tax slabs.
    • The Enhancement of standard deduction.
    • The Simplification of tax regimes.
    • The support for specific sector.
    • And The focus on other measures of the economy.

    Major announcement for the economy and income tax.

    Major announcement could be: –

    • Reduction in tax rate of middle-income group to provide relief to salaries of innovations.
    • An increase in standard deduction limit for salary taxi fare to address inflammation and the rising cost of living.
    • Simplification of capital gain tax rules across different assets classes.
    • Potential reduction in long term capital gains tax rates to encourage investment.

      Major announcement for the economy and income tax.
      Major announcement for the economy and income tax.
    • Benefits for medical expensive under section 80D.
    • Tax holidays or reduced tax rates for startups and MSMEs.
    • Reduce penalties for honest errors in tax return.
    • Tax deduction for investment in green energy projects or sustainable business.

    Impact of budget on people and business.

    Some impact of budget on people and business are as following: –

    • Any changes in tabs slab will directly affect disposal income.
    • The Deduction and Exemptions like there will be reforms in tax saving provisions like section 80C, 80D or HRA.
    • Apart from this there is also standard deduction changes like increase the standard deduction benefit salaries individuals by reducing taxable income.
    • Can also affect middle class salaries or individual salary.

      Impact of budget on people and business
      Impact of budget on people and business
    • They are good also be changes in corporate taxes and startup supports which can affect businesses and entrepreneurs.
    • Provide support or effect agriculture scheme for farmers or rural population.
    • There could be introduction of subsidies when welfare schemes.
    • Will also be changes in educational budget, employment program and capital gain tax.
    • It can also affect indirect taxes and inflation control measures.

    Taxation with digital economy.

    Some changes in digital economy due to taxation are: –

    • It can affect GST, tax compliances, and TDS/TSC.
    • It gives clarity in tax, regulatory framework, cryptocurrency and asset regulation.
    • It promotes investment in digital infrastructure.
    • It promotes smart cities and digital governance.
    • The growth in e-commerce sectors.

      Taxation with digital economy
      Taxation with digital economy
    • The growth for good support for startups.
    • The most of digital payment infrastructure.
    • It will improve tech jobs creation.
    • Providing of cybersecurity and allocation.
    • Introduction of AI machine learning, blockchain and Greentech management.

    Also Read This: The art of setting boundaries: what is it, its type and element, challenges and signs?