A recent ITAT ruling offers tax relief for those selling two homes and reinvesting in one, easing capital gain worries, especially for joint owners and middle-class families
Official revenue records like Jamabandi, Khasra, and Khatauni confirm land ownership, classification, and usage, ensuring it is legally recognised as agricultural in official documents
Capital outflows are near their highest-ever figure in India; a debate has raged over whether capital gains tax in India contributed to foreign investor outflows
Decoded: What is capital gains tax, how do India's rules compare to global standards, and why is it causing investor concerns?
At Business Standard Manthan 2025, Samir Arora set the cat among the pigeons when he argued for the abolition of capital gains tax to bring back FIIs to Indian markets
Taxing FIIs on their gains, who face forex risks, and have no tax set-off available in their home country is a big mistake that the government is making, said Sami Arora at BS Manthan.
The highly anticipated Income Tax Bill, 2025, is set to be tabled in Parliament tomorrow, February 13. Meanwhile, a draft of the Bill has already been circulated among MPs.
The July Union Budget introduced significant changes to LTCG and STCG taxes, and with Union Budget 2025 approaching, it’s time to revisit what they mean. Watch the video for more.
Rejecting the idea of a "billionaire tax" suggested by noted economist Thomas Piketty, Nageswaran said, "Not all problems can be solved through fiat"
For long term capital gains on equity shares, one must remember to factor in the benefit of grandfathering the cost for shares purchased before 31st January 2018.
Budget with BS: The Fine Print: 'Atithi Devo Bhava' is good for tourism not for financial markets; there should be no differential treatment, said Nilesh Shah, managing director of Kotak Mutual Fund
Three shifts in the Union Budget that may pay off
Badshah says that the hike in capital gains taxation is an adverse development, but given the high growth trajectory of domestic equities, it shouldn't be a major worry
The budgetary provisions on the taxation of capital gains could help foster change in trading behaviour and address inequality
The income tax department on Wednesday issued a FAQ on changes in the capital gains tax saying the idea behind it was to simplify the tax structure and promote ease of compliance. The holding period for various asset classes for the purpose of short- and long-term capital gains tax has been rationalised. The holding period of all listed assets will be now one year for the purpose of long-term capital gains tax (LTCG). Therefore, for listed units of business trusts (ReITs, InVITs) holding period is reduced from 36 months to 12 months. The holding period of gold, unlisted securities (other than unlisted shares) is also reduced from 36 months to 24 months for calculating LTCG. The holding period of immovable property and unlisted shares remains the same as earlier i.e. 24 months. "Simplification of any tax structure has benefits of ease of compliance viz computation, filing, maintenance of records. This also removes the differential rates for various classes of assets," the income tax
The administration of the income-tax department is in a poor shape today. Taxpayer appeals have piled up for the past five years with zero accountability by the tax department
ITC gained 3.8 per cent as there were no changes in the taxes related to tobacco products
Big changes in the capital gains tax announced in Union Budget 2024. Watch to see what’s new and how it affects you!
Short-term capital gains declarations had also been increasing after the pandemic
Short-term capital gains tax raised to 20%, long term to 12.5%