LTCG are taxable at a concessional rate of 20% after indexation, unlike short term capital gain (asset sold within 24 months) taxable at the applicable slab rates that can be as high as 30% if gain exceeds INR 10 lakh.
These changes must be watched carefully to understand the impact on the portfolio.
The year for the base of indexation has been brought forward to April 2001 which means that any asset bought before this date can calculate the cost as either as actual cost or the value as on this date whichever is higher.
As per the income tax laws, any profit on sale or transfer of your house or land becomes taxable, in the year in which you transfer the same. As per the Transfer of Property R
Under the present tax laws, a person is taxed on profit from the sale of any immovable asset held as a capital asset, under the head â€˜capital gains‘. For computing capital gains, the immovable R
Given the change of stance by Reserve Bank of India from accommodative to neutral, the yields have spike. As volatility is expected to persist for some time, it is better to invest in short term bond funds.
It is no secret that the sector has been going through challenging times for the past couple of years. It was in dire need of proactive policy changes to take it out of the red zone.
The budget proposes to reduce the basis of the period for which the asset is held on the date of sale to 24 month in case of long term capital gains and bring it on par with unlisted shares.
The tax department said the levy of long-term capital gains tax on share transfer in unlisted companies is an anti-abuse measure.
While the real estate fraternity has largely welcomed the announcements in the Union Budget 2017-18, certain sections in this sector, apart from the affordable housing segment, as well as buyers, are still trying to R
In his Budget speech Finance Minister Arun Jaitley said the holding period for considering gain from immovable property to be long term will be reduced to 2 years from the existing 3 years.
A small cut in income tax rate and many minor tweaks that make it a fine balancing act.
The government is giving a push to spending but from where will the funds come from, wonders R Shankar Raman of L&T. He also said, the government is betting big on wider tax base as one of the funding mechanisms.
With the economy looking for strong investment led thrust in the forthcoming budget, one cannot ignore the importance of Alternative Investment Funds (AIFs) in the Indian economy.
Bonds offer interest and capital appreciation to investors. It is better to know the basis of taxation and the rate of tax.
Alternative Investment Funds (AIFs) are also seeking uniformity among regulators, including SEBI, RBI, PFRDA and IRDA, on regulatoy provisions
Definition of long-term could be widened to align the investment lock-in threshold with many matured economy markets; new rule may be compatible with amended tax treaties with Mauritius and Singapore
Here is a cost benefit analysis of investing in stocks directly and through mutual funds.
The Income Tax department will deny offsetting of capital gains against losses from stock market trades in cases where the department is aware that brokers had modified the client code, a source told Moneycontrol.
Third bilateral treaty change in 2016 after similar changes in double tax avoidance agreements (DTAA) with Mauritius and Cyprus; Swiss govt to share real time data
A report in the Business Standard says that short-term capital gain tax, which stands at 15 percent currently, could be hiked to 20 percent.
In a speech delivered at a SEBI event in Mumbai on Saturday, Prime Minister said "Those who profit from financial markets must contribute to nation-building through taxes."
To assuage market fears, Finance Minister Arun Jaitley today said there is no move to impose long-term capital gains tax on share transactions, an issue investors are hugely touchy about.
Depending on the time frame of your investments, you should choose the right bond funds.