Sold your mutual fund units, gold or house property? Understand how the gains and losses are taxed
A common myth is that, since the property is co-owned, the income from the property should be taxed equally in the hands of the spouses who are the co-owners.
Carefully preserve the records of your financial transactions relating to the house property, proof of payments, sources of investment etc.
For investors looking to build their own long-term portfolio, there may be some merit in considering FOFs
The buy-back of shares listed on a stock exchange can be considered as a tax efficient mode of surplus cash distribution from the company’s standpoint.
As a principle of financial planning, investment in gold should be in the range of 5-10 per cent of one's financial portfolio.
Investment advisors say the bonds offer a good portfolio diversification option. They also offer the twin benefit of capital appreciation and regular returns, besides not having the risk of handling like physical gold.
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
Corporate tax rate is now reduced to 25 percent (plus applicable surcharge and education cess) for domestic companies having total turnover/ gross receipts in the previous year (2015-16) not exceeding Rs 500 million
Chetan Ahya, Co-Head Of Global Economics & Chief Asia Economist, Morgan Stanley expects fiscal deficit target to be kept around 3.3 percent. He also believes an increase in PSU bank recapitalisation to Rs 25,000 crore will lift sentiment.
Finance Minister Arun Jaitley might announce some major changes in the tax landscape. Here, we explain a few taxation terms that might crop up and what is likely to change relating to them.
Any taxation on equity markets, though unlikely, will definitely irk the markets, CNBC-TV18 Consulting Editor Udayan Mukherjee says.
We look forward to few changes in terms of (a) increase in tax exemption limit under Section 80C for ELSS Schemes (b) additional limit under Section 80CCD for investment in mutual fund linked retirement benefit/pension schemes.
The GDP growth forecasts have been affected by demonetisation, which in turn has led to high expectations of a budget which will cut taxes, incentivize savings, raise more revenue, be anti-inflationary and push growth
Long term capital gain tax rules may change and dividends may become taxable.
Stating that time has now come to tackle the sources of black money after demonetisation, the former Chief Financial Officer of IT major Infosys Ltd said registration charges on land and property across India annually are estimated at around Rs 1 lakh crore.
This article explains how bond funds can be used to optimise post tax returns on fixed income portfolios.
Speaking to CNBC-TV18 Aliff Fazelbhoy, Senior Partner at ALMT Legal, said that the PM‘s speech over the weekend on tax was uncalled-for.
Union Finance Minister Arun Jaitley on Sunday clarified that there is no plan to impose long-term capital gains tax on securities investments. Speaking to CNBC-TV18, SP Tulsian says that if there is long-term capital gain tax then that should not be along with the securities transaction tax (STT).
Any route the government takes to increase taxes on the market will be counter-productive. But the incident reflects government's insensitive attitude
According to Indian tax laws, an assessee is entitled to claim exemption on long-term capital gains tax, on sale of a property or any other asset, if s/he purchases a residential house. However, there R
Persons who have earned money through corrupt practices cannot take advantage of the domestic black money disclosure scheme, says the Finance Ministry's FAQ on Income Declaration Scheme issued on May 20
With a revised Mauritius pact in place to check round-tripping, Finance Minister Arun Jaitley today said investors must pay taxes on money earned in India and ruled out any depletion of FDI due to imposition of capital gains tax on investments through the island nation.
While investing in fixed income instruments such as fixed deposits and debt funds, one must keep an eye on his tax rate.