The government has exempted units of investment trusts and ETFs issued by entities based in GIFT City or traded in exchanges there from capital gains tax. Photograph: Amit Dave/Reuters The Central......
The income-tax (I-T) authorities have tightened disclosure norms for charitable trusts. Image used for representation purose only. Photograph: Jorge Silva/Reuters They now have to declare the......
The government on Friday announced that no tax will be charged on overseas spending of up to Rs 7 lakh in a year using debit or credit as it looked to douse backlash from its earlier decision of......
The government on Friday proposed hiking the securities transaction tax on Futures & Options (F&O) contracts, a move that will increase the trading costs in the derivatives segment as well as help......
Debt mutual funds are likely to be stripped of the long-term tax benefit if they invest less than 35 per cent of their assets in equities. Illustration: Dominic Xavier/Rediff.com Such mutual funds......