Market pundits also expect some changes in the tax treatment of gains arising from trades in the futures & options (F&O) segment
Capital gains taxes can range from 10 per cent to as high as 30 per cent, depending on the holding period, which spans from one to three years
This judgment, delivered in the case of Jai Trust vs. Union of India, clarifies the tax implications surrounding capital gains arising from gifted financial assets.
The court held that a gift is a voluntary transfer and does not require consideration. Only when there is consideration received can profit or gain be measured
Ambareesh Baliga, an independent market analyst believes the markets want 'more of the same' in terms of income tax-related policies - continuity amid a stable regime
In India, no tax has to be paid on inheriting gold, but its sale triggers capital gains tax
If you are a start-up founder in India and have secured an exit for your business, here's how you can reinvest your money to potentially save on capital gains tax.
The profit you get when you sell an item that has appreciated in value is subject to capital gains tax
Staged strong comeback last year, stole march over debt funds to post best performance in 8 years
Capital gains tax suffers from varied tax rates or holding periods for different types of instruments even though they fall within the same asset class
Exemption allowed even if agreement to buy new house is signed before selling the old one: ITAT
India's reliance on indirect taxes - levies on consumption - rather than direct taxes on capital is often cited by economists as the main culprit behind the country's poor getting left behind
The government tried to address this issue partially in the recent budget by taxing debt funds at the income tax rate
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