Thu, Jul 25, 2024
Before the Budget 2024 was announced, the tax code had the indexation provision for property sellers in India. According to that, they would adjust a property's purchase price to reflect inflation's effect on it. So, if inflation outpaced the rise in the property's value or if the property lost its value over years, the property holder would claim a capital loss in their ITR return.
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Fri, Apr 19, 2024
Returns on mutual fund investment are taxed. If one sells their investments in less than 12 months of owning them, their returns are considered as short-term capital gains, but if they sell them 12 months after owning investments, their returns are considered as long-term capital gains. Both types of gains are taxed at different rates.
Mon, Jun 26, 2023
If the equity shares are sold after 12 months of purchase, then the seller can make a long-term capital gain (LTCG) or incur a long-term capital loss (LTCL).
Fri, Mar 24, 2023
Debt Mutual Funds: The modifications provide that debt funds that invest less than 35 per cent in equity shares will be taxed at the income tax bracket level and will be considered short-term capital gains.
Fri, Jan 20, 2023
Budget 2023: The Finance Ministry is likely to be looking at ensuring parity between similar asset classes by rationalising the LTCG tax structure and even revising the base year for computing inflation adjusted capital gains, sources aware of developments said, according to a report by news agency IANS.
Thu, Jun 20, 2019
Every day is not a positive one as far as equities and mutual funds investors are concerned. Chances of capital losses very much exist.
Tue, May 21, 2019
Both SBI and HDFC Bank have clocked a new all-time high on Sensex during Tuesday’s trading session.
Thu, Jan 17, 2019
This time, the demand is to make LTCG available on your investment in ULIPs and NPS. Shockingly, but this what is being eyed.
Thu, Mar 15, 2018
Giving some relief to investors, the government today extended indexation benefit for computing tax liability on sale of shares listed after January 31, though capital gains arising from such transactions will continue to be taxed at 20 per cent.
Wed, Feb 28, 2018
LTCG used to be tax free until Finance Minister Arun Jaitley announced on Budget day that gains over Rs 1 lakh will be taxed at 10 per cent, that too without the benefit of indexation i.e. long-term gains wouldn't factor in the inflation.
Sun, Feb 04, 2018
Finance Secretary Hasmukh Adhia said if the salaried class pays up to 30 % income tax after toiling, it is fair that those who make huge returns on stock market investment are brought into the tax net
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