VitalFunds’ Post

*Note: 29th, 30th & 31st March 2024 are market holidays* Hence, any investments made in ELSS after 28th March after 1 PM will be processed at an NAV of 1st April 2024. To avoid last-minute rush, plan and invest early! *Don't miss this opportunity.* Ace your tax savings this Financial Year with ELSS. Contact Lalit @ 9930682451 to invest & save taxes. Connect instantly at https://wa.me/919930682451 #taxsavings #taxes #elss #mutualfunds #mutualfundssahihai #investments #lastopportunity #yearend #investing

Attention all units operating within International Financial Services Centres (IFSCs) The Central Board of Direct Taxes (CBDT) has just announced a significant exemption under various sections of the Income Tax Act. And it is effective from April 01, 2024. This move aims: ✅ To support and encourage the growth of businesses within IFSCs  ✅ Ensures compliance with specified conditions. To avail of these benefits, IFSC units must adhere to the prescribed requirements and provide the necessary declarations. This development marks a positive step towards  1️⃣ Fostering a conducive environment for financial services  2️⃣ International trade within IFSCs. It also underscores the commitment to promoting sustainability and economic empowerment. Ensure your IFSC unit is ready to capitalize on these opportunities while contributing to India's global financial landscape! Stay tuned for more updates… #tax #arkacademy

The only known contribution of P.H.Kurian IAS for the economy is the man-made floods in 2018 causing losses of more than Rs 25000 crores. Based on my budgetary suggestions from 2005 onwards, the resultant benefits to the Union and State Government will be more than Rs 30 lakhs crores as of today. That is is difference between 100% futile IAS administration and fruitful CMA professionals in our society. All the concepts of cess from education to agricultural were mine, e-gazette, democratic land acquisition, CSR Concept in the Companies Act, 2013, increase in the exemption of Gratuity for tax exemption, tax calculations without chapter VI deduction, automatic tax assessment through XML file, voluntary disclosure of taxes, fair value of land and it's tax administration, digitalization of land records and payment options, direct benefit transfer, railway assets monetization scheme, merging of PSU banks, differential tariff to the electricity board from 2006 onwards by submitting the proposal to ERC, at Thycaud, the reintroduction of lottery through medical Lottery, free funds for KIIFB, pension company, banking facilities for all, insurance at nominal rate, refinance schemes adopting IDBI and SIDBI schemes ( 2014 later declared as Mudra Loans) and all the innovative concepts in the Central and State were designed by me when I was at KSIDC and the budget proposals from 2008 to 2016 can expose the same.

Fuel Subsidy removal- Fact or Myth? The Federation Account Allocation Committee (FAAC) disbursed the sum of ₦1.87 trillion to the three tiers of government in April 2024 from the total revenue generated in March 2024. The amount disbursed comprised: • ₦1.02 trillion recorded from the Statutory Account, • ₦285.52 billion from Exchange Gain, • ₦15.37 billion from Electronic Money Transfer Levy (EMTL), and • ₦549.70 billion from Value Added Tax. The allocations to the three tiers of government for April 2024 were: • Federal Government with a total of ₦345.89 billion • States with a total of ₦398.69 billion, and • Local Governments with a total of ₦288.69 billion. #awarenessmatters

Digging deeper into the Autumn Budget💰. 👉 Capital Gains Tax, BADR and Investors Relief. Get in touch: Morecambe 👉 01524 566190 Leyland 👉 01772 984 985 Wigan 👉 01942 233737 While the rate of Business Asset Disposal Relief (BADR) and Investors Relief (IR) deduction will be increased, the lifetime limit for IR will be equalised with BADR at £1 million for all qualifying disposals made from 30th October 2024. The two rates of Capital Gains Tax (CGT) applied to carried interest will also be increased, merging into a single rate of 32% from 6th April 2025. Wondering how this update could impact your operations? Connect with our team for clarity and support.😊 - - - #VerveAccountancy #AutumnBudget #CGT #Tax #InvestorsRelief #BADR #BusinessOwners #BusinessSupport #AccountantsUK #Lancashire

Digging deeper into the Autumn Budget💰. 👉 Capital Gains Tax, BADR and Investors Relief. Get in touch: Morecambe 👉 01524 566190 Leyland 👉 01772 984 985 Wigan 👉 01942 233737 While the rate of Business Asset Disposal Relief (BADR) and Investors Relief (IR) deduction will be increased, the lifetime limit for IR will be equalised with BADR at £1 million for all qualifying disposals made from 30th October 2024. The two rates of Capital Gains Tax (CGT) applied to carried interest will also be increased, merging into a single rate of 32% from 6th April 2025. Wondering how this update could impact your operations? Connect with our team for clarity and support.😊 - - - #VerveAccountancy #AutumnBudget #CGT #Tax #InvestorsRelief #BADR #BusinessOwners #BusinessSupport #AccountantsUK #Lancashire

Wondering what CITR (Community Investment Tax Relief) is? The tax relief is available to individuals and companies and is worth up to 25% of the value of the investment in the CDFI. The relief is spread over 5 years (5% claimable each year), starting with the year in which the investment is made. The objectives of CITR are: ✅ To stimulate private investment into disadvantaged communities ✅ To support a thriving CDFI sector Watch the video to understand how CITR helps CDFIs and how you could get tax relief by investing in CDFIs. 👇 Find out more via: https://lnkd.in/epYRq3wG #CDFIs #CITR

Treasury CS John Mbadi Proposes Major Tax Changes in the 2024 Tax Laws (Amendment) Bill; -Railway Development Levy: Increased from 1.5% to 2.5% -Excise Duty on Betting and Gaming: Raised from 12.5% to 15% -VAT on Agricultural Inputs: Now applied to fertilizers and pest control products -Tax Deductions: Introduced for contributions to affordable housing and SHIF

📺[RECAP] The first day of the 2024 ATAF Annual Meetings featured robust conversations about taxing high-networth individuals, health taxes and taxing the informal sector. Some key moments included: 1. Marking ATAF's 15-year remarkable journey while reflecting on the significance of ATAF's role and its impact on Africa’s tax landscape. 2. Launch of the ATAF@15 book 3. The signing of MoU between ATAF and IBFD Watch more below: #ATAFAM24 #ATAF

Why officials of FBR do not have any monthly KPIs, except monthly collection targets? If you meet the target, you are praised (even if that target is voluntarily contributed by higher WHT from the taxpayer without any effort on the part of FBR) and if you don't meet the target (because taxpayers in your unit/circle paid less due to bearish behaviour) then you are no more smart officer. With this sluggish team, Government has only choice to enhance tax on those, who are unluckily already registered as taxpayers. There is no longing in FBR officers to broaden taxnet. Even the Government is concentrated only on collection of revenue only, due to narrow sight #FBR #Budget2024 #Pakistan