Besides LTCG tax relief, permitting taxpayers to declare two houses as self-occupied brings a huge relief.
Finance Minister Nirmala Sitharaman presents her fourth Budget in Lok Sabha on Tuesday.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
'The markets seem apprehensive and that explains why the markets have been feeling slightly uncomfortable ahead of the Budget.' 'After the event, when all the concerns are resolved and clarity emerges, markets will decide what to do next.'
GSR 592(E) states that all NRIs -- including PIO like your son -- are not eligible to open PPF accounts. The accounts opened prior to all these dates are allowed to run up to their maturity but no extension or renewal can be made.
Many investors, who have made money in the rising market of the recent past, are pulling out of equity funds, believing that they can earn more by investing directly.
Most of the individuals hail from Mumbai, Kolkata, Ahmedabad, Surat, and Delhi
Authority for Advance Ruling dispenses with complex forex indexation requirement.
'There is a huge tax differential of 15% to 20% depending on income classification.'
While she primed up spending on infrastructure to create jobs and boost economic activity, Sitharaman did not tinker with income tax slabs or tax rates. Her Budget for the fiscal year beginning April 2022 proposed a massive 35 per cent jump in capital expenditure to Rs 7.5 lakh crore, coupled with rationalisation of customs duty, an extension of time for setting up new manufacturing companies and plans for starting a digital currency and tax crypto assets.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Investors must, however, be prepared for volatility in ELSS, cautions Sanjay Kumar Singh.
Treat silver as part of the procyclical or growth assets in your portfolio, advises Sanjay Kumar Singh.
Rather, they are ideal investment vehicles for those who want debt exposure, get the tax-break of an equity investment and skip the volatility of the equity market
Section 54 EC, if availed properly can bring several benefits for the taxpayer.
There are, however, a few aspects to factor in before considering G-Secs as an investment option, advises Bindisha Sarang.
Operational and compliance challenges foreseen for fund houses in deducting tax at source, resulting in possible TDS mismatches and disputes with investors.
Thus far in 2017-18, FIIs and MFs have invested Rs 198.91 billion and Rs 1,119.49 billion in the Indian equity markets. Of this, around Rs 152.46 billion has come in January alone.
If you invest for the shorter-term now, you will be able to roll over to higher rates when the interest-rate cycle turns, advises Sarbajeet K Sen.
Here are some calculations where we use the basic tax rate on these investments excluding education cess for better understanding
The Central Board of Direct Taxes is considering a proposal to restrict the exemption on long-term capital gains only to companies constituting the BSE-500 index.
With the introduction of 10 per cent tax both on long-term capital gains and on dividend, choose funds based on investment horizon and risk appetite, not on tax advantage, experts tell Sanjay Kumar Singh.
Based on the holding period, the profit you make is liable to short-term or long-term capital gains tax, experts tell Tinesh Bhasin.
Monetary incentives under Skill India to small entrepreneurs, capital infusion into technology fund to help businesses expand operations
Tax department sends notices saying they are liable to pay MAT.
Investors in SIPs should be especially careful because the taxation is done according to the first-in-first-out basis
Sitaram Yechury, politburo member of CPM, on Friday warned the government against market volatility and FII activity.
Get Ahead Tax expert Mahesh Padmanabhan on short term and long term capital gain tax issues arising out of selling your old home and buying a new home.
To provide similar extended time limit for payment of tax deducted from payments made to non-residents, it is proposed that the deductor shall be allowed to claim deduction for payments made to non-residents in the previous year of payment.
The Left proposed introduction of inheritance tax and restoration of long term capital gains tax to mop up additional resources for funding mega social sector schemes
Stock market minnows put up a stellar show in 2021 giving returns of up to 60 per cent amid Dalal Street dream run and are likely to continue sailing northwards in the New Year too. Trumping pandemic-induced uncertainties, the Indian equity market posted stunning gains this year achieving several feats and smaller stocks benefited the most from the strong momentum. From reaching the momentous 50,000-mark in January to scaling 61,000-level in October, the BSE Sensex had an epic journey this year.
Long-term tax on capital gains arising from selling a house can be invested in another property under Section 54.
You have sold shares and made profits but don't know what the tax implications will be? Will your profits attract short-term or long-term capital gains tax? Get Ahead tax expert Mahesh Padmanabhan answered these and many more queries related to the tax issues on capital gains and ESOPs.
Budget 2018 bears imprints of a government unsure of second term with clear majority, says Shekhar Gupta.
The market players were expecting that if long-term gains are taxed, the STT would go. But this has not happened, says Debashis Basu.
Buying a new flat by selling an old one allows you to get tax exemptions, but there are some conditions that need to be fulfilled.
Apprehending a sharp decline in business, mutual funds including UTI AMC have asked Finance Minister P Chidambaram to exempt all debt instruments from the proposed 0.15 per cent transaction tax.
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