Managing long-term capital gains (LTCG) tax is crucial for maximizing your investment returns. With the right strategies, investors can significantly reduce their tax liabilities. From utilizing the your annual exemption and leveraging tax-friendly securities to setting off capital losses and benefiting from indexation, there are various ways to lower your LTCG tax burden.
Minister of State for Finance Pankaj Chaudhary gave details of collections from Long Term Capital Gains (LTCG) tax between fiscal 2018-19 and 2022-23 in the Rajya Sabha
The exemption allowed for long-term capital gains on equity investments need to be further enhanced to account for inflation, rising income levels and to encourage more investors into equity markets, say analysts
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 tax implications in case of sale of residential property in India by a non-resident is same as that for a resident individual i.e. capital gain, if any, will attract tax in India.
Here is a list of Budget 2018 tax provisions that kicked in from April 1.
Effective 1 April 2018, long term capital gains arising from transfer of listed equity shares exceeding Rs. 1 lakh will be taxable at 10 percent
More than long term capital gains (LTCG) tax of 10 percent that reintroduced in the Budget, introduction of a tax on distributed income by equity oriented mutual fund at the rate of 10 percent bothered investors much, experts suggest.
As per the Finance Act, 2017, the income arising by way of a transfer of long-term capital asset, being equity share in a company, will be exempt from tax if such transfer is undertaken after October 1, 2004 and chargeable to Securities Transaction Tax (STT).
Balanced fund as the name suggests is a combination of equity fund and debt fund in one single product.
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.
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
Capital gains arising out of investments in stocks held for more than one year are tax free.
There is a provision in the Income Tax Act which clearly states that if a mutual fund merges plans within their schemes then it would not be considered as a transfer and hence, no capital gains can arise.
The finance minister in his budget speech said they propose to make a number of changes in the capital gain taxation provisions in respect of land and building.
The real estate fraternity and home buyers, have now started analysing the fine print of the announcements made in the Union Budget 2017-18. This budget has drawn a clear distinction, between the affordable housing R
Reduction in tenure of long-term capital gains Real estate investors, who were looking for a quick exit option to switch their investment or to book profits, were often discouraged by the long-term capital gain R
This article seeks to address the rumours of a three year holding period for eligibility under long term capital gains and how it will impact your investment math.
So net net imposing taxes on capital gains from equity investing is taxation at multiple levels for investors; on tax paid profit generation which is what drives the markets.
To provide further thrust to infrastructure investments, long term capital gains invested in mutual fund schemes with underlying investments in the infrastructure sector and with lock-in period of three years may be covered under section 54EC.
Finance minister should listen to various demands of the tax payer and offer increased tax sops.
Gifting is an act, through which a person voluntarily transfers certain rights in an asset to another person, without any consideration. Gifting of a house property, has certain income tax and stamp duty implications. R
This article explains how bond funds can be used to optimise post tax returns on fixed income portfolios.
Speaking to CNBC-TV18 Ajit Ranade, Chief Economist at Aditya Birla Group said that he believes there is a need to increase duration of long-term capital gains window to 3 years from 1 year while maintaining the tax rate at 0 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."