Wood drew parallels with global practices, noting that jurisdictions like Hong Kong operate without capital gains taxes, which he believes could stimulate greater investment and market expansion if adopted in India.
AMFI, the Association of Mutual Funds of India, has asked for uniform capital gains taxation and better tax treatment for ETFs, from Budget 2023
Simplification of forms, I-T filing exemption to those above 75 years of age, reduction in tenure of reassessment, and faceless dispute redressal committees are the highlights.
The industry expects this move to promote the growth of startups as people will be encouraged to invest in the sector for tax exemptions.
The Income Tax Appellate has confirmed Rs 10,000 crore gap gains tax on Cairn UK. This refers to the transaction before Cairn‘s IPO where Cairn Energy transferred its holding in Cairn India from Cairn India Holdings to Cairn India.
“We propose to facilitate higher investment in affordable housing. Affordable housing will now be given infrastructure status, which will enable these projects to avail the associated benefits,” finance minister Arun Jaitley, announced in his R
Market volatility doesn't entail more risk for the investor in the case of arbitrage funds. In fact, arbitrage opportunities exist only when the markets are relatively unstable.
Be it jewellery, gold ETF or gold bonds, you should know the tax treatment before investing in gold.
The holder of the deposit certificate would be able to get is that now this would not be classified as a capital asset
It not only allows you to invest at regular intervals but also enhances returns as the cash is invested in liquid funds, which generally offers better returns than savings bank account.
If your time horizon is more than 3 years and you want a safe investment choice, investing your money in a debt fund can be a tax efficient option in comparison with a Fixed Deposit due to indexation benefit. But what is indexation?
Mutual Fund industry has grown significant especially after the benefits announced during the last budget; however having certain concerns, which if addressed could boost the investor confidence more and encourage additional investment. Here are some expectations of the MF industry from the upcoming budget.