Super Rich Tax News

Politics

Super rich tax on capital gains rolled back for all

The increase in surcharge, often called the 'super rich tax', has been rolled back for all domestic and foreign investorsFor income from salary, profession or rent above ₹2 crore, the surcharge increase will continue.

1 min read20 Sep 2019
Markets

Relief for markets as super-rich surcharge on FPIs is withdrawn

Analysts said it could reverse the outflows seen after the budget and may also aid in the appreciation of the rupeeThe higher tax surcharge on super-rich tax payers sent foreign portfolio investors into a selling spree

2 min read23 Aug 2019
Markets

FPIs remain in sell-off mode, pull out ₹9,197 crore in August so far

FPIs withdrew a net amount of ₹11,134.60 from equities while pumping in ₹1,937.54 into the debt segment during 1-9 August, taking the total net withdrawal to ₹9,197.06 croreAnalysts say the trend may reverse if the government addresses the tax concerns of overseas investors

1 min read11 Aug 2019
Opinion

Opinion | A case of investor relief

The Sensex rose more than 700 points intra-day on expectations that the government would exempt FPIs from last month’s budget proposal to levy a higher tax in the form of a surcharge on the super rich

1 min read8 Aug 2019
News

FPI tax relief this week via grandfathering clause?

Official sources say PMO asked FinMin to come out with a solution that reduces the impact of new taxation on these institutional investorsA proposal to grandfather all income generated by FPIs till 5 July is being considered, which will reduce the impact of the new taxation by almost a third

2 min read6 Aug 2019
Markets

Spooked by 'super-rich' tax, FPIs withdraw ₹7,712 cr from stocks in July so far

FPIs had been net investors in the equity segment in the previous five monthsFPIs have been on a selling spree ever since government proposed 'super-rich' tax in its budget

1 min read21 Jul 2019
Politics

FM Nirmala Sitharaman shrugs off pleas by FPIs on super-rich tax

Finance Bill amendments propose further tax relief for startups, NBFCsFinance minister added more safeguards against tax evasion in the amendments to Finance Bill

2 min read18 Jul 2019
Markets

Higher FPI tax not the only reason to worry for markets

The Sensex plunged to its biggest single-day decline in nine months on 8 July, the first full trading day after the 2019-20 Union budget was announced on 5 JulyMint explores whether there was more to the fall in the indices than just the higher tax on foreign portfolio investors

2 min read12 Jul 2019
Opinion

Opinion | Overtaxing the rich could prove unwise

In a country of vast disparities, it is well understood that the wealthy must bear a heavier tax burden than the rest. But progressive taxation has its limits. Let’s not overdo it

2 min read10 Jul 2019
Money

Opinion | Revised tax surcharge doesn’t only have wealthy individuals in its ambit

Capital gains, in particular LTCG, should have been excluded from high surcharge

4 min read10 Jul 2019
Load More

Popular 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

25 Articles

ICICI Bank

Shares of ICICI Bank had a drop of -0.45% to Rs. 852.05 at closing today.

2 Articles