Long Term Capital Gains News
How to adjust your financial life after LTCG tax hike to 12.5%?
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 2024Is it the end of road for debt mutual funds after budget brought in new capital gains tax norms?
Debt mutual funds can help investors tide over poorly performing equity market phases if the tax playing field is level.
3 min read12 Aug 2024A guide to capital gains tax on property sales: Navigating pre- and post-2001 rules
A comprehensive guide on calculating the cost of acquisition for properties bought before and after 1 April 2001, highlighting factors like purchase price, associated fees, and the treatment of interest payments, in light of changes introduced in Budget 2024.
5 min read1 Aug 202420% levy on short-term capital gains has given young F&O traders a tax incentive
While the budget 2024 didn’t touch F&O, barring a nominal increase in STT, it increased tax on short- and long-term capital gains made from equity mutual funds or stocks.
2 min read31 Jul 2024Frequent-churn PMS strategies face tax dilemma as budget hikes capital gains tax
Increase in the short-term capital gains tax rate to 20% will significantly impact high-churn PMS strategies, making it harder for them to remain competitive against mutual funds
2 min read31 Jul 2024How to avoid capital gains tax? Netizen shares hilarious advice, ‘Not many know this’
In Budget 2024, Finance Minister Nirmala Sitharaman increased the Long-Term Capital Gain (LTCG) Tax from 10% to 12.50% and raised the Short-Term Capital Gain (STCG) Tax from 15% to 20%.
1 min read27 Jul 2024Budget 2024: How will capital gains tax tweaks impact taxpayers? Beneficial, says I-T department. Here’s the math
Budget 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: Here are 3 crucial changes in capital gains tax from Finance Minister’s announcement
Finance Minister Nirmala Sitharaman announced that short-term capital gains tax has been increased to 20 per cent from 15 per cent for specified financial assets, and long-term capital gains tax at 12.5 per cent for the financial year 2024-25.
2 min read23 Jul 2024LTCG and STCG in Budget 2024: FM Sitharaman announces raising of taxes; check new rates here
The Finance Minister increased the tax rate on long-term capital gains to 12.5% from 10% and set the exemption limit at ₹1.25 lakh per year.
1 min read23 Jul 2024Income tax: Is exemption from capital gains available for investment in a plot of land or commercial property?
There is no provision under the income tax laws providing for exemption from long-term capital gains arising on the sale of a plot by reinvesting in a commercial property or a pure plot of land.
1 min read3 Jul 2024Popular Topics
Budget
The 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