The government has scrapped long-term capital gains tax on FII investments in government securities through a new ordinance. The move…
The new 12.5% long-term capital gains tax rate on property may look cheaper than the earlier 20% tax, but the…
The ITAT denied a taxpayer’s Rs 2.63 crore exemption under Section 54F after finding that a property gifted to his…
The ITAT Delhi has ruled that multiple adjacent flats can qualify as one residential house for Section 54 capital gains…
In some cases, buybacks still allow cost deduction, still offer capital structure benefits, and still provide promoters with strategic flexibility…
LTCG tax reduces actual mutual fund gains, shifting focus from headline returns to real post-tax outcomes.
So July 23, 2024 not only changed the direction of the government’s tax policy but also became the day for…
Explore how to set off options trading loss against LTCG, claim tax deductions on two home loans including let-out property,…
Different capital assets — such as listed shares, mutual funds, tax-free bonds, debentures, unlisted shares, and real estate — are…
When you strategically sell investments at a loss to offset capital gains and reduce tax liability, this is called tax-loss…
Indexation removal: The Association of Mutual Funds in India (AMFI) has appealed the government to bring back the indexation benefit…
New LTCG Vs Old LTCG: Taxpayers have now two options to compute their taxes on long term capital gains (LTCG)…
Tax experts are of the view that index benefit is not restored as media is playing and the profit has…
The central government has moved an amendment to the Finance Bill, 2024, to allow people select either a 12.5% long-term…
The history of incentivising savings, has since decades inculcated the habit of thrift among middle-class and lower-middle-class Indians.
The Union Budget 2024 has proposed far-reaching changes regarding taxation of capital gains.
Indexation benefits removal: As the government has clarified that properties bought before 2001 will still get indexation benefits on sale,…
Capital gains tax changes in Budget 2024: Finance Minister Sitharaman made several key changes to taxation for long-term capital gains…