SMC Global Securities Limited

📊 Coal India Q3 Results Are In! 🚀 Swipe through to see the key highlights. 📉 Net Profit down 17% YoY to ₹8,491 Cr. ⛏️ Raw coal production rises 2% YoY, reaching 202 MT 💰 Interim Dividend of ₹5.60 per share declared! Note: Not a Buy/Sell Recommendation… https://t.co/ZDBSRgveJN https://t.co/MR9BnPat0I

8️⃣Direct Taxes Taxes paid directly by individuals and businesses, like income tax. 🔷No middlemen involved—straight to the government. https://t.co/qWJist1pfL

🔟Economic Survey A yearly report summarizing the economy’s performance and setting the stage for the budget. 🔷A sneak peek into what’s coming! https://t.co/e2aGeY9EDF

9️⃣Divestment Selling government-owned assets to raise funds. 👉Think of PSU disinvestments like LIC's IPO. https://t.co/sQMI32SIFj

2️⃣3️⃣Tax Collected at Source (TCS) A tax collected by sellers while selling goods/services. 👉They deposit it with the tax department. 2️⃣4️⃣Tax Deduction Reduces taxable income through investments like PPF or FDs. 🔷Less taxable income = lower tax. 2️⃣5️⃣Tax Surcharge An extra… https://t.co/XQopqoJuPk

2️⃣0️⃣Revenue Deficit When revenue expenditure exceeds revenue receipts. 🔷Signals financial mismanagement. 2️⃣1️⃣Revenue Expenditure Money spent on salaries, subsidies, and operational costs. 👉Unlike capex, it doesn't create long-term assets. 2️⃣2️⃣Revenue Receipts Income from… https://t.co/VvHicG4i8V

1️⃣7️⃣Old Tax Regime Had 4 slabs, with the highest tax rate at 30% for incomes over ₹10 lakh. 👉More deductions, but higher rates. 1️⃣8️⃣Public Account Money that the government holds on behalf of others, like PF savings. 🔷It’s not for regular spending. 1️⃣9️⃣Rebate A… https://t.co/A1GclTkf0G

1️⃣4️⃣Indirect Taxes Taxes on goods/services like GST, customs, and excise duties. 🔷You pay them indirectly when you buy stuff. 1️⃣5️⃣Inflation The rise in prices of goods/services, reducing purchasing power. 👉Higher inflation = your money buys less. 1️⃣6️⃣New Tax Regime… https://t.co/F3ABPCDSPO

1️⃣1️⃣Finance Bill Introduces tax policy changes and budgetary proposals. 👉It’s the backbone of budget implementation. 1️⃣2️⃣Fiscal Deficit The gap between government spending and revenue, filled by borrowing. 🔷High deficit = more debt burden. 1️⃣3️⃣Fiscal Policy The… https://t.co/vz8OrjZKHe