Union Budget 2024-25: Union Finance Minister Nirmala Sitharaman clarifies tax on long-term capital gains, angel tax, and government effort to widen the tax net
Union Budget 2024: Several people took to social media platform X (formerly Twitter) to criticise the move, noting that it is painful for stock market investors
Budget 2024: While some of the announcements were on expected lines, many have led to a surprise among investors
Long term capital gains (LTCG) tax on the sale of these asset classes stocks, mutual funds, real estate etc. is levied when the holding period of the asset is over one year
Market pundits also expect some changes in the tax treatment of gains arising from trades in the futures & options (F&O) segment
Capital gains tax rate change in the Budget 2024 on July 23 can trigger a bigger correction than seen post Lok Sabha election outcome, Wood said
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
Long-term capital gains tax kicks in for listed equities if the holding period is one year, while it is two years for non-financial assets such as real estate
The govt's step could push investors to choose riskier equity, or to fall back on bank deposits, thereby negatively impacting the debt market which actually needs to grow, writes T N Ninan
Finance Bill 2023: Debt funds with less than or equal to 35 per cent invested in equity shares will be taxed at the investors' income tax slab and treated as short-term capital gains
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
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
Taxpayers may not be able to avail of it unless last date for filing revised ITR is extended
As preparations begin for the next budget, discussions have gained steam around what the government would do with the capital gains tax regime
Gains made on the sale of equity shares are taxable. The percentage of tax depends on how long you kept the shares. Let's find out about these taxes
Ideally you should sell it to the jeweller you bought the gold from, or a reputable retailer to get a better rate
On Saturday, the benchmark indices closed near their day's lows, indicating further selling pressure on the following trading day
Most experts have now turned cautious on the road ahead for the stock market - at least in the short-to-medium term - as they expect the economy to slow even further
"LTCG for unlisted shares (invested by AIFs that are regulated by SEBI) should be reduced to 10 per cent. Enhanced surcharge should be rolled back on unlisted shares," said IVCA