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
CLOSING BELL: Broader markets were unable to recover from the intra-day lows with BSE Midcap and Smallcap indices dropping up to 1 per cent
Equity investors should go for the strategy before March 31 and reduce their liability on capital gains
The Budget should bring in a simpler income tax return form for assessees having only capital gains or dividend or interest income, along with simplification of the capital gains tax regime, experts said. Under the income tax law, gains arising on the transfer of capital assets -- both movable and immovable -- are charged to tax under the head 'Capital Gains'. The tax rate is different for different asset classes. Also, depending on the period of holding, the income is classified as short or long-term capital gains and taxed accordingly. With capital markets in India growing at an exponential pace and companies taking the IPO route to raise funds, there is widespread demand that the capital gains tax structure be streamlined. Deloitte India Partner Rohinton Sidhwa said the holding periods for different types of assets and the number of tax rates for different types of capital assets should be reduced to a maximum of 1-2 periods or rates (along with related surcharges). "Economic a
Defenders of preferential tax treatment argue that capital gains tax is a form of "double taxation" as corporate profits are taxed as ordinary income
There's no need for having so many buckets under the capital gains tax structure or so many different permutations and combinations, says Tarun Bajaj
The government, reports suggest, may rationalise long-term capital gains tax (LTCG) structure by bringing parity between similar asset classes
As preparations begin for the next budget, discussions have gained steam around what the government would do with the capital gains tax regime
FM Nirmala Sitharaman's pre-Budget consultations from today
Changes in capital gains tax in India are expected in the next budget, an income tax official from India's finance ministry said on Tuesday
A task force had recommended changes in indexation benefit rules for the capital gains tax in 2019, and it is expected to be the main basis of the review
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In past few years, cases of capital gains tax evasion through stock market transactions have been probed
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India-Mauritius treaty allows tax exemption on such agreement, says Swiss company's CEO.
Revenue secy says rates and holding periods should be streamlined
Tarun Bajaj said the current capital gains tax structure is 'too complicated' in terms of varied rates and period of holding across the assets and hence needs a relook