Revenue secy says rates and holding periods should be streamlined
Tarun Bajaj said the current capital gains tax structure is 'too complicated' in terms of varied rates and period of holding across the assets and hence needs a relook
The yardsticks of stability, predictability, rationalisation and simplification define the tax proposals
As economic inequality in the country widens, crorepatis pay very little on long-term capital gains
Grasim Industries Ltd on Friday said the income tax department has raised a demand of Rs 8,334 crore on the company as capital gains tax with regard to sale of shares in a group firm
Ways and Means Committee set to debate proposal on Tuesday
Institutional arrogance in taxation has cost India dearly in terms of its image as a business-friendly, rule-driven country
Norway fund has investments across sectors in India, shows latest disclosures
Various courts and tax authorities have ruled both in favour and against imposition of capital gains in such cases.
In this Podcast, we discussed how the Budget will impact finances of senior citizens, non resident Indians, salaried people and the changes in taxation on Ulips and ease of ITR
Experts say since most startups are loss making, tax holiday will have limited immediate impact on them
The president can't unilaterally cut the 20 per cent long-term capital gains rate without Congress, but some advisers tell him he could issue an executive order
Ideally you should sell it to the jeweller you bought the gold from, or a reputable retailer to get a better rate
Besides abolishing STT and CGT, the panel has also recommended philanthropic donors be eligible to claim 100-per cent tax exemption
Lower transaction costs alone won't increase capital market activity
If you hold gold bonds until maturity, the capital gains are exempt from tax
Recently the ITAT held that a taxpayer now can avail tax benefits of long-term capital gains that arise on sale of more than one property are invested / will be invested in one residential house
Capital gains are the profit you make when you sell a capital asset. A capital asset commonly includes land, a house property, shares, machinery or equipment used in a business etc.
The profit made on the sale of a capital asset is termed as capital gain
Inter se transfers worth Rs 2 lakh cr carried out in March, potentially saving Rs 30,000 cr in tax