Ltcg

Amid recent market fluctuations, Economic Affairs Secretary Ajay Seth reaffirmed the government's commitment to uniform tax treatment across asset classes.

Tweak LTCG structure if cutting rates not an option, say experts

Market participants say that while the government may not be in favour of rolling back a tax levy as they might lose out on a revenue source, at least the structure can be reviewed so that the impact is minimised.

Market experts warn long-term capital gains tax hike could deter FIIs, hinder market democratisation

Samir Arora highlighted that while pre-tax returns in India may seem promising, post-tax returns tell a different story due to the high capital gains tax, especially putting foreign investors at a disadvantage.

Maruti Suzuki shares unfazed after company says Q2 net profit to be hit by Budget’s LTCG tax rule

India's largest carmaker Maruti Suzuki in a regulatory filing said that the company was making accounting provisions for deferred tax liability on fair value gains on its investments.

Explainer: Will changes to LTCG tax affect long-term investments in the real estate sector?

Indexation could be advantageous in cases where property appreciation is closer to the inflation rate. The new amendments may boost short-term investments in the real estate sector, including a significant fallout in long-term investments, experts add.

STT to stay as it helps track big-ticket spending, says FM Nirmala Sitharaman

STT was introduced in the 2004 Budget by then-Finance Minister P. Chidambaram with an aim to combat evasion related to capital gains.

No daylight robbery, let GST Council decide on tax on medical insurance, says FM Sitharaman

The Finance Minister said that none of members making these demands have written to their respective FMs to reduce GST on medical and life insurance, when the ball was in their court.

Standing Committee had recommended eliminating GST on health, life insurance: Jayant Sinha

Former MOS finance bats for eliminating GST of life and health insurance, a choice between old and new LTCG and why the developed countries need to step up funding for combatting climate change

Yielded to the voice of the people on real estate LTCG, says Finance Minister Sitharaman

Nirmala Sitharaman reiterated the government’s commitment to middle class with the measures taken in the last few years, adding that the discussions on the long term capital gains tax have been twisted and turned.

LTCG Tax Rollback: Major relief for middle-class homeowners, property prices may be impacted

This comes after a major backlash from the real estate sector, including the middle-class homeowners, for higher tax liability without the indexation benefit to factor in the market inflation.

Homeowners may get a relief as Fin Min weighs tweaks in LTCG provisions: Report

One of the tweaks considered include extending the effective date of the new regime to the next financial year, instead of July 23, the day the Budget was tabled in Parliament, as per the report.

India Inc favours phased transition to LTCG tax regime: Report

Some options put forward are a higher tax rate with indexation or a lower rate of 12.5 percent without indexation as well as some form of grandfathering for ancestral properties

MC Markets Graphixstory: A history of capital gains tax and why markets fear more hikes

Back in 2018, then finance minister Arun Jaitley reintroduced capital gains tax on equities, and now, in 2024, Nirmala Sitharaman has gone a step ahead and hiked tax rates.

Capital gains tax hike is 'irrelevant fiddling'; has no impact on India’s fiscal fortunes: former PMEAC member Rathin Roy

The economist said that given that spending on infrastructure is capital-intensive, it may not lead to the creation of jobs. “If you really wanted to create jobs, you would spend money on health and education,” he added.

MC Market Poll: Tax hikes will not have any major impact, say experts

Nearly 65 percent of the respondents have no plans to revise their Sensex or Nifty targets, post Budget

New realty LTCG regime may dampen prices, demand; return of cash may be limited: Experts

The removal of indexation may not only impact secondary transactions but also primary ones. They may also trigger a decline in demand for homes in the affordable or mid-range ticket sizes.

Revenue secretary rules out a rethink on LTCG as 'marginal' hike in levy is justified

"This LTCG increase will impact only the people with higher income as per our study,” Sanjay Malhotra told Moneycontrol in an interview.

A Budget proposal that could help Sebi address SME IPO concerns

Market participants say this would lead to many promoters of SMEs raising funds by diluting stakes in the private market as there would be no real tax incentive of doing that on the exchange platform.

Budget tweaks on real estate tax: Who gains and who loses?

The new regime may also be beneficial for short-term property investors in metro markets, where the prices are appreciating quicker. Experts say these changes may hurt sentiments when it comes to investments in Tier II cities — where property prices appreciate much slower than in metros.

Indexation benefit of LTCG tax in real estate only marginally covered inflation costs, says CBDT chief

The removal of indexation benefits will not be applicable to old properties held before 2001, and they will continue to get indexation benefits.

Budget adopts an ‘optimal approach’ in tax slab rejig, says CBDT chairman

While the tax slabs were rejigged for the new tax regime, the old tax regime rates were left untouched in the Budget

Govt stays focused on Mission Viksit Bharat in Budget 2024

Union Budget focused on getting the right balance between fiscal prudence and growth.

Cannot become Viksit Bharat without taxing capital gains appropriately: Fin Secy Somanathan

In what may be indicative of the government's stance on the capital gains tax regime going ahead, Somanathan said, "earners of capital gains are not poor and we will keep taxing them at a decent rate."

Real estate investments with shorter duration, moderate price growth to be hurt the most with indexation benefit removal: CLSA

The removal of indexation benefits will not be applicable to old properties held before 2001, and they will continue to get indexation benefits.

Startup investors celebrate government’s move to bring parity in long-term capital gains tax but say indexation a downer

While the LTCG tax was lowered from 20 percent to 12.5 percent for assets of unlisted companies, the removal of indexation is a cause of concern, investors said.