This should apply to investments made through collective investment vehicles such as angel funds, alternate investment funds and investment LLPs
Mohandas Pai, former CEO and board member at Infosys, made a pitch for removing the tax on share buybacks
Most domestic and foreign brokerages look forward to credible steps to prop-up growth
Tax may be imposed on shareholders getting dividends
Wants holding period for computing long-term gains reduced to one year
The abolition of the DDT is one of the long-pending demands of market players as it leads to double taxation
The LTCG was introduced in the 2018 Budget after more than a decade with a tax of 10 per cent on an amount above Rs 1 lakh
From govt readying a package to help boost exports and real estate to the Direct Taxes Code panel recommending abolishing of dividend distribution tax, here are the top business headlines on Wednesday
However, SEBI does not specify the credit profile of the funds
For long-term wealth creation, equity remains the best compared to all other asset classes
For debt-oriented funds, the gain will be long term if the period of holding is over 36 months
In a toss-up between mutual funds and Ulips, the latter seems to be gaining the edge
A person moving abroad needs to be aware of the changed taxation and investment norms that apply to him once he becomes an NRI, and comply with them
The government is depending on this initiative in a big way to remove the friction that exists in the relationship between the tax department and tax payers presently
LTCG are profits on sale of shares on a stock exchange platform after a holding period of at least a year