Apart from that, we remember that salary, rent, and businesses are the taxation part of the income; however, we usually don't pay attention to the gains made from trading in the stock market which comes under the taxation part.
Assuming that the Government keeps the expenditure growth at 8% over FY22 estimates at Rs 38 lakh crore in FY23 and receipts (minus borrowing and other liabilities) would grow by ~10.8%, it would lead to fiscal deficit of around Rs 16.5 lakh crore or 6.3% of GDP in FY23
Financial institutions lending unsecured loans have emerged a savior for MSME companies in times of distress
The sector has enhanced its technology models to increase sales and reach out to consumers virtual interactions
IIFL is one of the leading player in the broking industry with more than a million accounts being opened since inception. The company provides execution, advisory, and research service across products like equity, F&O, Commodity & Currency, Mutual Funds. IIFL is also one of the top distributors of AIF, PMS and Mutual Funds.
Asst. Vice President,
AVP & Senior Financial Planner,
Founder & CEO,