While we would love to go back to the pre-2018 days of 0% tax or at least remain in the 2018-24 era of 10% tax, there is not much we can do.
4 min read27 Aug 2024Budget 2024: With too many capital gains tax-related changes coming into force, that too with immediate effect, taxpayers are anxious about the impact on their tax liability. Tax rates have been changed, exemption limit has been raised and indexation has been phased out.
2 min read24 Jul 2024Budget 2024 | Capital gains taxation in India is pretty much a mess right now. There are dozens of different products, all taxed at different rates for different holding periods. In fact, the taxation is so complex that it’s given birth to products like arbitrage funds, which seek to get around some of these taxes. So, in the first budget of Modi government 3.0, here’s why it’s time to simplify these taxes.
15 Jul 2024Securities Transaction Tax (STT) is imposed on both buyers and sellers in the Indian stock market. Capital loss occurs while selling an asset for less than its purchase price and can be used to offset capital gains. Both short-term and long-term losses can be carried forward for 8 years.
4 min read12 Mar 2024Click here to download the Mint App https://livemint.onelink.me/MrDS/p0kx3pdg
5 Apr 2023The decision made by India to begin taxing returns from fixed-income mutual funds is expected to strengthen the country’s lenders’ efforts to attract deposits. This will help in financing a revival in the country’s credit growth and increase profits. The nation scrapping tax incentives for some debt mutual funds has paved the way for banks to garner as much as $36 billion in deposits from the asset managers, according to Sunil Mehta, chief executive officer of Indian Banks’ Association, a lenders’ lobbying body. The move comes as a respite for the financiers as the widening gap between credit off-take and deposits has sparked risks of asset-liability mismatches and pushed up funding costs.
5 Apr 2023Exemption from long-term capital gains on sale of shares can be sought under Section 54F of the Income-tax Act LTCG will be exempt in the same proportion that the cost of the new residential house bears to the net sale consideration
3 min read28 Jan 2019LTCG is computed as sales consideration less indexed cost of acquisition less indexed cost of improvement
1 min read12 Nov 2018Long term capital gains tax, or LTCG tax, from unlisted shares is taxed at 20.8% with indexation
1 min read15 May 201814 firms raised Rs18,591 crore through IPOs in the first three months of 2018, a more than fourfold increase from Rs4,185 crore raised by five firms in the year earlier
2 min read13 Apr 2018The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared