E-PaperLtcl News
Long-term capital gains are taxed at 20% plus surcharge, education cess
If the investment is regarded as a capital asset, the capital gains from the transfer of the foreign investment shall be taxableAlso, at the time of maturity there could be a potential tax implications, depending on the type of investment
2 min read27 Sep 2020File taxes for FY of bond redemption on or before due date to carry forward LTCL
The balance unadjusted LTCL can be carried forward for eight FYs immediately succeeding the FY of redemption
2 min read13 Apr 2020Long-term capital loss can be set off against long-term gain in the same FY
LTCL can be set off against LTCG, if any, in the same FYIf you sell your current mutual fund holding, the income from the sale will be taxable in your hands as capital gains
2 min read15 Mar 2020Normally, long-term capital losses are allowed to be set off against long-term gains
The format of the tax return (as it currently stands) seems to disallow such an offset of losses against gains
3 min read23 Oct 2017Income from intra-day trade in stocks, after deducting expenses, is taxed at slab rates
Any income or loss arising from intra-day trade in stocks, without taking actual delivery, is treated as ‘speculative business income’ after deducting eligible expenses
4 min read9 Oct 2017Popular 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