What tax changes Dalal Street is pushing for in Union Budget 2021
Investors would now be seeking tax rebates in Finance Minister Nirmala Sitharaman’s forthcoming Budget to make most of the 90 per cent rally in stocks in FY21.
Budget 2021 could impose a coronavirus cess, hike LTCG tax on equity: EY
Due to the need to garner more revenue, the government could look at...
Budget 2021 may impose coronavirus cess, hike LTCG tax on equity: EY
Finance Minister Nirmala Sitharaman could look at introducing a coronavi...
I made LTCG on sale of equity shares in FY 2020-21. Can tax be saved by buying a house?
As per income tax laws, exemption from capital gains tax on sale of equity shares, being long term in nature, is available in Sec 54F if the sale proceeds are utilised for the purchase or construction of a new residential property.
Brokers’ body bats for higher limits on LTCG, dividends
India’s stock brokers have sought higher rebate ceilings for long-term capital gains taxes (LTCG) and an exemption of individual dividend tax liability of up to ₹10,000 for each listed company to encourage savers to invest long term in equity assets.
SGX Nifty up 25 points; here's what changed for market while you were sleeping
Asian stocks were mixed on Wednesday as investors anxiously awaited results of US runoff elections that would determine the legislative balance of power in the world's largest economy while oil prices rose on news of planned output cuts.
Book profits in Majesco and pay 10-15% tax to avoid dividend that will be taxed at slab rate
If shares were bought more than one year ago, the profit will be treated as long-term capital gains and get taxed at 10%. If the shares were bought less than one year ago, the gains will be short-term capital gains and taxed at 15%. On the other hand, the dividend will be added to the income of the shareholder and taxed at normal rates.
Three year returns disappoint ELSS investors
Investments in Equity Linked Savings Schemes or ELSS—the tax-saving equity scheme by mutual funds—are meant to serve the dual purpose of reducing tax outgo and offer better returns than other tax-saving investment options.
ITAT: Indirect transfer of Indian assets will not attract LTCG tax
The decision comes as a relief to foreign funds and entities being subjected to tax demands for earlier years, according to experts.
I sold a flat in 2013 and invested some amount in an under construction flat. What will be my tax liability?
Tax exemption under the Capital Gains Account Scheme, 1988 is transitory in nature. The interest earned is taxable as ‘Income from Other Sources’ at slab rates. The account holder has to invest the balance in the account within the stipulated period.
I purchased a plot in June 1997 and sold it in June 2019. How will I calculate the capital gains tax?
If you have held the asset for more than 24 months, the resulting capital gain from the transaction will be categorised as long term capital gain. The tax rate of LTCG is 20.8% with indexation.
My total income from pension and investments is Rs 13 lakh. Which ITR form should I use for filing ITR?
Your pension income will need to be declared under salary head and offered to tax at your applicable slab rate after standard deduction of Rs 50,000. LTCG on FMP maturity will be taxed at 20% after indexation.
House panel for abolition of LTCG tax on investments in startups
India's startup sector welcome the recommendation of abolishing long term capital gains (LTCG) in startup investments.
Can I get rebate of Rs 12,500 against tax paid on long-term capital gains on equity?
An individual cannot claim rebate under section 87-A of the Income-tax Act on the tax payable on the long-term capital gains on the sale of the listed securities.
Bourse for non-profits needs tax incentives: Ishaat Hussain Panel
The regulator had formed the 15-member panel last September following a budget proposal.