The National Bank for Agriculture and Rural Development, a premier institution for agriculture financing, would be giving 100 per cent tax exemption on capital gains if they were invested in capital gains bond issued by it.\n\n\n\n
It is the second firm to have received retrospective tax notice this year after Vodafone Group.
The rent for a small unit in a commercial area may earn much more than a big property in the outskirts
The department had recently sent a tax reminder notice to the British telecom major.
Jaitley said a 10 per cent tax long on capital gains exceeding Rs 1 lakh made from the sale of shares has been introduced but those made till Janaury 31 would be grandfathered. A 10 per cent tax on distributed income by equity oriented mutual funds has also been proposed in the budget.
The government on Tuesday extended the deadline for filing income tax and GST returns, raised the threshold of default that could trigger insolvency of a company, and waived charges on cash withdrawals from ATMs of other banks as a precursor to a broader stimulus package for the economy distressed by the coronavirus outbreak.
At first glance, the last samvat the year as reckoned by the lunar calendar, from one Diwali to the next has seen decent gains for equity investors.
Investors can sell shares in the open market if the price is good, to take advantage of the tax arbitrage.
Monetary incentives under Skill India to small entrepreneurs, capital infusion into technology fund to help businesses expand operations
Vodafone's assessment is that the controversy over the spectrum allocation case is not over.
Moving the Finance Bill, 2012 for consideration and passage in the Lok Sabha, Mukherjee halved the capital gains tax for private equity investors to 10 per cent and relaxed the norms for arrest of persons involved in violation of Customs Act.
'Extensive thought has been put in, and we have pondered over each and every suggestions and demands received from our members.'
Provisions of long-term capitals gains tax is now applicable after only two years.
Standard Chartered Bank is setting up an international banking unit primarily to look after Indian company requirements. The bank is looking for a $2-billion loan book in the first five years of business.
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Gold prices have eased off in recent months after the formation of a new government bringing in positive sentiment back to the stock market.
The new tax regime proposed by the Modi government may not have acceptance from all corners.
Automobile company Tata Motors, metals and mining major Vedanta, oil marketing firm Bharat Petroleum Corporation (BPCL), private sector IndusInd Bank, and two-wheeler major Bajaj Auto have witnessed their market cap slip below the Rs 1-trillion mark this year.
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With uncertainty looming large over Indian markets, retail investors can increase their exposure to US funds.
The text of the Income tax amendment is so wide and so riddled with ambiguities that it deserves to be scrapped for those reasons alone, says N S Nigam.
The Institute of Chartered Accountants of India has shortlisted the changes it hopes to see in Budget 2017.
In order to augment funds for SMEs (Small and Medium Enterprises), Finance Minister Pranab Mukherjee, in the General Budget 2012-13 presented in Lok Sabha, has proposed to exempt capital gains tax on sale of a residential property, if the sale consideration is used for subscription in equity of a manufacturing SME company for purchase of new plant and machinery.
A new study shows that the bottom half of the population enjoyed only 15 per cent of national income in 2013-14, down sharply from 24 per cent in the early 1980s.
Arun Jaitley had proposed in the Budget to double the rate of capital gains tax on debt MFs to 20%.
Right steps you can considerably reduce the tax outgo.
Earnings primarily from dividends received from group firms and sale of shares.
Under the Income Tax Act (I-T Act), the income of a minor child is clubbed with that of one of his/her parent, whoever earns more.
The longer a bear market lasts, the more the eventual returns are, says Devangshu Datta.
The new return forms also make life easier for expatriates.
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.
Experts say investors need not tinker with their debt portfolio as shifting won't be tax-efficient.
A senior income tax department official in the know of the discussions to have taken place in the finance ministry said the ministry was looking into the issue as a possible option.
The weakness in the rupee and broader markets has led to evaporation in the market cap.
Realtors split on possibility of price fall, gold may replace cash in secondary deals.
After the rationalisation and categorisation of mutual fund schemes undertaken by the Sebi in October 2017, overnight funds have emerged as a distinct category.
Average salary has grown faster than average business income for three of the last five years. This has implications in a country like India. Most people in India are self-employed, with 51.4% of the population falling in that bracket.
Infra projects are enormous cash guzzlers and funding such low-return projects might unwittingly pull down the overall growth rates.
Amidst panic in the stock market over double tax avoidance treaty with Mauritius, government on Monday said India "cannot impose arbitrarily" capital gains tax on investment routed through the island nation.
Budget fails to cheer realty players.
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