From risk capital taxation and Uttar Pradesh's caste churn to political defections and fractured consumer markets, today's BS Opinion page maps power, money and strategy
Why has India made government bonds virtually tax-free for foreign investors? In this video, we explain the Centre's latest tax amendment that removes taxes on interest income
FIIs are subjected to a 12.5 per cent LTCG on listed shares and bonds held for over 12-months, and a 20 per cent withholding tax on interest from government bonds
The key message from the Budget is clear: fiscal consolidation will continue alongside growth, supported by responsible financial management
New tax rules mean steeper bills and bigger TDS for NRIs selling property. Experts break down what's changed and how to plan smarter.
Exemption to IREDA bonds redeemable after five years and issued on or after July 9
'The higher cost inflation index helps cushion sellers from rising prices, lowering their taxable gains,' say experts, making long-term property sales more tax-friendly.
Govt likely to fix key omission regarding AMT
A recent statement that has dominated the discourse around foreign investor outflows from the Indian stock market has been about India's capital gains tax being the root cause driving investors away.
July 2024 steps will shape tax deductions and exemptions that can be claimed when filing an Income Tax Return (ITR) in July 2025
Strong outlook for gold, absence of SGB issuances also among factors
LTCG tax perks and bond drought create perfect storm
The original LTCG regime proposed on July 23 Budget, removed the indexation benefit, sparking concerns over real estate transactions
In Budget 2024, FM Sitharaman proposed an overhaul in the capital gains tax regime, including lowering the LTCG tax to 12.5% from 20%
Finance Minister Nirmala Sitharaman on Wednesday said the contentious LTCG tax proposal on real estate is being amended to give option to taxpayers to compute tax liability under the old system or at reduced rates without indexation, and pay the lower of the two. Replying to a debate on the Finance Bill, Finance Minister Nirmala Sitharaman said the rollover benefit will be available to taxpayers who buy new immovable property utilising the capital gains on the sale of old property. The Budget 2024-25 proposal to remove indexation benefit in calculation of long term capital gains on sale of immovable properties evoked sharp criticism from various corners, including opposition parties and tax professionals. The Budget, presented on July 23, had proposed a lower 12.5 per cent rate of LTCG tax, down from 20 per cent, while doing away with the indexation benefit. The major amendment in the Bill relates to restoration of indexation benefit on sale of properties bought prior to July 23, .
On August 6, the Centre announced a provision that offers flexibility to home buyers regarding the LTCG rates. Watch the video to find out how.
Effectively gives grandfathering provision for property transactions before July 23
FinMin reviews new LTCG regime after 12.5% tax without indexation sparks concerns over property transactions
The Union Budget made significant changes to the long-term capital gains tax on the sale of property. Though it simplified the tax rates, it removed the indexation benefit too.
From the July 23 Budget 2024-day low, the midcap and the smallcap indices on the BSE have seen a surge of over 6 per cent and 7 per cent respectively