The Centre is considering a gradual phasing out of certain direct tax exemptions meant for corporate and personal tax payers. This is among the tax proposals being discussed for the upcoming Union Budget 2022-23. A top policymaker said that according to the government's internal assessment, the percentage of corporates and individuals shifting to the new exemption-less tax regime has been very encouraging, and the Budget-makers expect many more to make the switch in the coming years. The person also said the finance ministry is exploring the option of rationalising the capital gains tax rates.
There have been demands from a section of stakeholders that the long-term capital gains tax on equities be reimposed.
During a series of hectic talks between Cairn Energy and the Indian government over the $1.2-billion arbitration award in favour of the former last week, a slew of options was proposed by the two sides, including computation of capital gains and participation in the Vivad se Vishwas (VsV) dispute resolution scheme. The government is likely to go ahead and appeal against the arbitration award by a Permanent Court of Arbitration at The Hague before March 21, indicated finance ministry officials. Cairn Energy Plc on Sunday said it was hopeful that an acceptable solution to its tax dispute with the Indian government could be found to avoid prolonging and exacerbating the 'negative issue' for all parties.
Amit Gupta, MD, Sag Infotech, answers your personal income tax queries.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
'The only good thing is people will not be required to maintain their medical bills and invest time in that.'
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Higher levy on dividends earned by individuals also on radar.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
A key demand is to reduce the dividend distribution tax on listed firms.
Private equity investing can be rewarding, but an investor needs to be patient as exiting can be tricky and these assets do not provide instant liquidity.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Tax Guru Anil Rego answers your personal income tax queries.
Sooner the investors shift, the better it is as a majority of equity funds have single-digit returns since January 31.
Economists want the government to focus on jobs, farms, and fiscal consolidation. They also favour re-imposition of the long-term capital gains tax on listed securities and mutual funds.
An argument used for removal of this exemption is that it is used to launder black money and bring it in as clean tax paid money by manipulating the price of less liquid shares in the market, says Harsh Roongta.
Right steps you can considerably reduce the tax outgo.
Real estate sector cheers reforms in the Budget.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances