SMC Global Securities Limited

🎉Good News for iPhone Enthusiasts!Thanks to the recent budget announcement, the basic customs duty on mobile phones has been reduced from 20% to 15%This means that high-end smartphones, including the iPhone, could see a price drop of 5.0-5.5%!📱Consumers might save between ₹7,000 and ₹15,000 on a high-end iPhone Pro due to this reductionCurrent Scenario:1️⃣GST: 18%2️⃣Customs Duty: 20% (now reduced to 15%)3️⃣Surcharge: 2% (now reduced to 1.5%)💰While the price cut might be modest, it’s a step towards making high-end smartphones more affordable.What’s your take on this year’s budget? Let us know in the comments!__👉 Disclaimer: Investments in securities market are subject to market risks, read all the related documents carefully before investingMutual Fund investments are subject to market risks, read all scheme related documents carefullyPMS is not offered in the commodity derivative segment. Insurance is the subject matter of solicitationRegistration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors #smc #smcglobal #investing #budget #2024 #iphone #unionbudget

📊Union Budget Insights: A Middle-Class PerspectiveThe recent budget announcement by our Finance Minister has stirred mixed emotions among the middle classHere's a quick breakdown of how you can benefit:💰 Standard Deduction: Increased from ₹50,000 to ₹75,000 in the new regime, saving ₹7,500 annually for those earning ₹10 lakhs or more.📈 Tax Slab Changes:↳5% rate: Now applies from ₹3 lakh to ₹7 lakh (up from ₹6 lakh).↳10% rate: Starts at ₹10 lakh (previously ₹9 lakh).↳Additional savings of ₹10,000 for incomes of ₹10 lakh or more.👉Old Regime: No changes or benefits.💼 Investment Impact:↳LTCG Tax: Increased from 10% to 12.5%.↳STCG Tax: Increased from 15% to 20%.↳Exemption Limit: Raised from ₹1 lakh to ₹1.25 lakh.👉STT: On options up from 0.0625% to 0.1%, on futures from 0.0125% to 0.02%.📉 Employer Contributions: Deduction increased from 10% to 14% for NPS, making it more attractive.📦 Import Duty Reductions:↳Gold & Silver: Duties cut from 15% to 6%, boosting demand.↳Custom Duty on iPhones: Reduced from 20% to 15%, it may lower the iPhone 15 Pro (128 GB) price to approximately ₹1,29,000.🔍 Conclusion: This balanced budget offers long-term benefits for the middle class. What's your take on this year's budget?Share your thoughts with us below!__👉 Disclaimer: Investments in securities market are subject to market risks, read all the related documents carefully before investingMutual Fund investments are subject to market risks, read all scheme related documents carefullyPMS is not offered in the commodity derivative segment. Insurance is the subject matter of solicitationRegistration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors #smc #smcglobal #investing #budget #2024 #unionbudget #middleclass

💰The Finance Minister's Budget 2024 introduced several significant changes impacting various sectors:1️⃣Hike in STT for F&O Transactions: The Securities Transaction Tax on futures and options has been increased by 0.02% and 0.01% respectively, causing Sensex and Nifty to fluctuate a bit.2️⃣Capital Gains Exemption: The exemption limit on certain financial assets has been raised to ₹1.25 lakh per year, benefiting the middle and upper-middle-class income groups.3️⃣Increase in Capital Gains Tax: Long-Term Capital Gains tax has increased from 10% to 12.5%, and Short-Term Capital Gains tax from 15% to 20%.4️⃣Infrastructure Spending: The government has maintained infrastructure spending at 3.4% of GDP, amounting to ₹11.1 lakh crore.5️⃣Abolishment of Angel Tax: The angel tax for all classes of investors in startups has been abolished to boost the startup ecosystem.6️⃣Reduction in Custom Duty for Precious Metals: Basic customs duty on gold and silver has been reduced to 6%, and on platinum to 6.4%.__👉 Disclaimer: Investments in securities market are subject to market risks, read all the related documents carefully before investingMutual Fund investments are subject to market risks, read all scheme related documents carefullyPMS is not offered in the commodity derivative segment. Insurance is the subject matter of solicitationRegistration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors #smc #smcglobal #investing #budget #2024 #unionbudget

🌟Exciting Leadership Engagement🌟 We are thrilled to share that Mr. Ajay Garg, Director and CEO of SMC Global, had a productive meeting with Mr. Rishi Dhaddha, Head of the Wealth Management Vertical, Union Bank of India, and his team. The meeting took place today, June 27th, 2024, at the Union Bank's central office in Mumbai. This engagement marks a significant step in strengthening our collaborative efforts in 3-in-1 tie-up and exploring new horizons in the wealth management sector. At SMC Global, we are committed to forging strategic partnerships that drive innovation and deliver unparalleled value to our clients. #SMCGlobal #Leadership #WealthManagement #Collaboration #UnionBankofIndia #FinancialServices #SMCGlobal #Leadership #WealthManagement #Collaboration #UnionBankofIndia #FinancialServices

The Union Budget 2024 has arrived, and with it comes a glimpse into India's financial future. Here's the breakdown of key announcements made! 😊 #SMC #SMCGlobal #Budget2024 #India #InterimBudget #UnionBudget #Budget2024 #IndianEconomy #Nirmalasitharaman #MoneywiseBeWise #SMC #SMCGlobal #Budget2024 #India #InterimBudget #UnionBudget #IndianEconomy #Nirmalasitharaman #MoneywiseBeWise

Finance Minister Nirmala Sitharaman will make history today: she is only the second Finance Minister to present 6 budgets in a row - 5 annual and 1 interim. This is a feat achieved so far only by former Prime Minister Morarji Desai. He holds the record for presenting the highest number of Union Budgets - a total of 10! 😊 #SMC #SMCGlobal #StockMarket #UnionBudget #Budget2024 #Nirmalaseetharaman #Budget #InterimBudget #Investment #Trader #Tax #Economy #MoneyWiseBeWise #SMC #SMCGlobal #StockMarket #UnionBudget #Budget2024 #Nirmalaseetharaman #Budget #InterimBudget #Investment #Trader #Tax #Economy #MoneyWiseBeWise

The Interim Union Budget for the financial year 2024-25 is coming soon! What are your expectations? 😊 #SMC #SMCGlobal #StockMarket #UnionBudget #Budget2024 #NirmalaSitharaman #Budget #InterimBudget #Investment #Trader #Tax #Economy #MoneyWiseBeWise #SMC #SMCGlobal #StockMarket #UnionBudget #Budget2024 #NirmalaSitharaman #Budget #InterimBudget #Investment #Trader #Tax #Economy #MoneyWiseBeWise

How did budget 2023-24 affect the stock market? Watch the full video to know more about it! Did you portfolio get affected after the union budget? Let us know in the comments section below! Follow us for more such information ℹ️ .... #unionbudget #budget2023 #stockmarkets #stockstobuy

India's growth story continues with new vigour. How are you impacted by the Budget? Please give your reactions on the Budget in the comments. #unionbudget #unionbudget2023 #indianeconomy #smc #smcglobal #moneywisebewise #onlinetrading #MarketReactions #stockmarket #IndianStocks #Nifty #Nifty50 #NiftyTrading #Investing #unionbudget #unionbudget2023 #indianeconomy #smc #smcglobal #moneywisebewise #onlinetrading #MarketReactions #stockmarket #IndianStocks #Nifty #Nifty50 #NiftyTrading #Investing