Thu, Jul 25, 2024
Domestic equity investors are disappointed with the change in LTCG (long-term capital gains) in the Union Budget, which has been raised to 12.5 percent from 10 percent, with immediate effect. This is in addition to the increase in short-term capital gains tax to 20 percent from 15 percent and the sharp increase in STT on futures and options trades, raising fears that equity investments would be further disincentivized going forward.
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Tue, Jul 23, 2024
Finance Minister Nirmala Sitharaman, in her 2024-25 Budget, proposed to rationalise the capital gains tax rate and holding period of various assets, including securities and immovable properties, in the 2024-25 Budget.
Finance Minister Nirmala Sitharaman announced a number of changes applicable to market participants, including an increase in the securities transaction tax (STT) on futures and options (F&O) trades. She also announced a 250 bps increase in the long-term capital gains (LTCG) tax applicable to financial as well as non-financial assets to 12.5 per cent while proposing a 20 per cent short-term capital gains (STCG) tax on select financial assets. In some relief to the investor, however, the Budget proposed an increased limit for the exemption of capital gains on select financial assets to Rs 1.25 lakh per financial year, instead of the current Rs 1 lakh.
Wed, Feb 14, 2024
As per Arpit Gupta, Assistant Manager, Taxation & Finance, Compliance Calendar LLP, "For LTCG, the exemption is up to Rs 1 lakh on gains from equity, and after that, 10 per cent tax is levied without benefit of indexation."
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.
Tue, Nov 15, 2022
Budget 2023 Expectations LTCG, STCG: Under the Income Tax Act, gains from sale of capital assets -- both movable and immovable -- are subject to 'capital gains tax'.
Fri, Jan 21, 2022
"Under the income tax act 1961, the taxability of gains relied on factors like holding period and volume of transactions."
Wed, Jan 12, 2022
In FY 2021 the stock market was at all-time high and various investors might have booked their profits in the year.
Mon, Sep 28, 2020
In a major announcement, the Finance Ministry has said there is no requirement of scrip-wise reporting in the Income Tax returns form for day trading or short-term sale/purchase of listed shares.
Wed, Aug 28, 2019
Know about the difference between LTCG and STCG in mutual fund.
Tue, Jun 18, 2019
In this episode of Money Guru, you will get to know about income tax on Mutual Funds. Since Income Tax return filing season is here, hence the details given in this episode of Money Guru will be of great help to you in ITR filing. WATCH!
Thu, Feb 01, 2018
Re-introduction of long-term capital gains (LTCG) on equities should not be seen in a negative light, said Nirmal Jain, Founder & Chairman, IIFL Group- FCA, ICWA.
"No path-breaking measures have been announced. I would call it an average Budget, Bagga said.
Thu, Jan 18, 2018
Extending the tenure of the Long-term Capital Gains (STCG) tax to two-three years from one, in line with non-equity mutual funds could be one possibility, experts said.
Tue, Dec 27, 2016
A possible increase in short-term capital gains (STCG) tax could be on the agenda in the Budget for 2017 along with higher levy on dividends earned. The STCG, which is the profits on sale of shares held for less than a period of 12 months, is presently taxed at 15% and is expected to be increased to 20% in FY17.
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