Economic reforms alone may not always translate into market-friendly practices, says Samir Arora, calling for not making abrupt changes to the long term capital gains tax regime.
Arora argued for easier capital-gains tax regime for foreign investors, even doing away with it entirely for both foreign and domestic investors, while Mantri called that ask "narrow and self-serving".
At present, the LTCG tax on unlisted stock held for more than 24 months is double that of listed equity shares held for a year. The LTCG tax on private stock investments is 20 percent, while the tax on public stock investments is 10 percent.
The Capital Gains Account Scheme allows you to avoid taxes on your capital gains from the sale of mutual funds, stocks, gold, etc., provided you buy a house.
Industry insiders point out that cumulative NCDs are marketed more and often mis-sold as capital gains instruments.
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 ‘capital gains‘. For computing capital gains, the immovable R
The real estate sector has largely welcomed the various measures that finance minister Arun Jaitley announced in his Union Budget 2017-18 presentation on February 1, 2017. “We must appreciate the fact that the government R
From April 1, 2018, only those investments in equities will be eligible for long term capital gains, where securities transaction tax (STT) has been paid. In other words, only shares bought through the stock exchange platform will be eligible for long term capital gains tax.
Finance Minister Arun Jaitley is presenting the Union Budget 2017-18 in Parliament today. Catch live updates here.
Expect an increase in tax exemption limit for the salaried class and a lowering of the existing corporate tax rate to stimulate economic growth.
Tax experts believe investors can gain if holding period for long term capital gains (LTCG) exemption is increased to three years from the present one year since it would provide an impetus for building a stable equity portfolio and give a longer window for adjusting stock losses if any, besides reducing holding costs.
Income tax laws mandate a minimum holding period, before an owner sells his/her residential house, to avail of tax benefits. Let us analyse the various provisions, under the Income Tax Act, to understand the R
Finance minister shall be walking a tight rope to manage the fiscal austerity path. Though the chances of a slippage from the FRBM path are high, owing to 7th pay commission payouts, but these would to a certain extent get offset by higher revenues.
The Revenue Department is in favour of changing the time frame from 1 year to 3 years but Department of Economic Affairs is against it.
Recent reports have suggested that the government is mulling whether to change the definition of 'long term' from one year to three years, thus ensuring that investors don't exit till three years unless willing to pay tax.
To check tax evasion and attract more retail investors to stock markets, top exchange BSE has proposed that the Securities Transaction Tax (STT) should be substituted by Long Term Capital Gains Tax (LTCG) on equities.
The problem here is these market participants disturbed the integrity of the market, says JN Gupta, former executive director of Sebi.