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Long Term Capital Gains Tax
The govt's step could push investors to choose riskier equity, or to fall back on bank deposits, thereby negatively impacting the debt market which actually needs to grow, writes T N Ninan
Finance Bill 2023: Debt funds with less than or equal to 35 per cent invested in equity shares will be taxed at the investors' income tax slab and treated as short-term capital gains
New Mutual Fund rules: All existing investments and new investments made in debt MFs before March 31 will not be affected by the proposed mutual fund tax change
New Mutual Fund rules: All existing investments and new investments made in debt MFs before March 31 will not be affected by the proposed mutual fund tax change
Given global uncertainties, rejigging the tax regime may affect market sentiment
Taxpayers may not be able to avail of it unless last date for filing revised ITR is extended
As preparations begin for the next budget, discussions have gained steam around what the government would do with the capital gains tax regime
Gains made on the sale of equity shares are taxable. The percentage of tax depends on how long you kept the shares. Let's find out about these taxes
Ideally you should sell it to the jeweller you bought the gold from, or a reputable retailer to get a better rate
On Saturday, the benchmark indices closed near their day's lows, indicating further selling pressure on the following trading day
Most experts have now turned cautious on the road ahead for the stock market - at least in the short-to-medium term - as they expect the economy to slow even further
"LTCG for unlisted shares (invested by AIFs that are regulated by SEBI) should be reduced to 10 per cent. Enhanced surcharge should be rolled back on unlisted shares," said IVCA
Recently, the Insurance Regulatory and Development Authority of India (IRDAI) allowed those under the age of 45 years to also buy Ulips with a lower sum assured
Finance Minister Nirmala Sitharaman is expected to present the budget for 2020/21 fiscal year on February 1. She has promised a budget that will do more to boost growth.
Long-term capital gains tax could be abolished
The abolition of the DDT is one of the long-pending demands of market players as it leads to double taxation
If you hold gold bonds until maturity, the capital gains are exempt from tax
The markets have been on a downward spiral since the proposed reintroduction of long-term capital gains (LTCG) in the Union Budget. However, there are several shares-143 to be precise-that are currently trading above their base price (intra-day high of January 31). Long-term investors holding shares of these companies can minimize their capital gains outgo by booking profits on Wednesday-the last trading day of financial year 2017-18. Starting April 1, LTCG-gains made on sale of equity shares held over a period of more than 12 months-will be taxed at 10 per cent.By booking profits before LTCG comes into effect, will result in zero tax outgo. Moreover, these shares can be repurchased again, making the current price as the base instead of January 31 price. For instance, an investor holding 1,000 shares of Venky's India bought for Rs 100 five years ago. As per the rules, the capital gains will be grandfathered till January 31, when the stock was quoting at Rs 2,707. Since then shares of .