The India-Mauritius treaty was designed to attract foreign investments in the early 1990s when India's foreign exchange reserves were alarmingly low
This is not the first time the bank has repatriated capital from its foreign arms
FinMin seeks 10% capital gains tax on transfer of Indian shares
One of the key points to note while accounting for these investments made from April to July is that a deduction once claimed in FY20 on an investment made, cannot be claimed again for FY21
Remember, it is mandatory to file I-T returns by the due date to carry forward losses to the following years
The breakthrough measure, if it materializes, will be doing away with capital gains on sale of property
The announcement comes a month after the surcharge on income earned from equities and derivatives was scrapped
The government had introduced Section 54GB in FY13
Number of those reporting such gains is a fraction of investor count from other sources
Capital gains represent the profits made on the sale of shares and represent the excess of the sale price less the purchase price.
The Indian capital gain regime needs to address simplicity, stability and predictability, says the author
Change of base year for Cost Inflation Index will increase the market value of a house
Ask Sebi, finance ministry to impose higher securities transaction tax instead
I-T department is investigating 20 listed companies suspected to have falsely claimed long-term capital gains tax exemption