Deposit certificates will also be exempt from capital gains tax.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Treats gains on sale of as capital gains, not business income, spares him from huge tax liability.
Tax Guru Anil Rego answers your personal income tax queries
Investors took comfort from Finance Minister Arun Jaitley's statement, who underlined the need to have globally compatible tax rates to broad-base the economy
'To save the LTCG, it's always better that the owner of the property that was sold also becomes the title holder in the new one.'
The trade-war between the US and China is prompting investors to flee from risky assets, such as equities, to safe-haven bets, such as gold and treasuries
Sebi has initiated action against companies suspected to be existing 'only on paper'.
At face value of Rs 2,893 and interest payout of 2.5 per cent, sovereign gold bonds offer best route to invest in yellow metal, says Tinesh Bhasin
These stocks are prone to manipulation and have been earlier reported by probe agencies.
MF investors may not be able to support markets fall if selling intensifies
The 50-share NSE Nifty too closed down 168.30 points, or 1.58 per cent, at 10,498.25 -- a level last seen on January 3 when it closed at 10,443.20.
The Sensex closed the day at 28,141, up 486 points, while Nifty50 settled at 8,716, up 155 points.
'The introduction of a tax on LTCG will be a deterrent for foreign investors and could potentially result in a movement of trading activity away from India to other offshore jurisdictions such as Singapore, which offer better tax rates and sophisticated financial products.'
The transformational reforms like GST, Bankruptcy Code and recapitalisation of banks, Black Money Act, demonetisation, flexible inflation targeting and adoption of fiscal discipline (FRBMA), etc, have temporarily and purposefully pulled us back only to propel us forward with greater velocity, Rajiv Memani.
This is its biggest single session fall since August 24, 2015, when it had lost 1,624.51 points.
If you missed the primary market bus but still want to invest in Sovereign Gold Bonds, then feel lucky.
The revenue department had sent notices to FIIs.
'Equities are not cheap; I need to buy at levels I am not comfortable with; I need to 'create' a rationale about some stocks we are buying into; we have no clue about the prospective earnings of sectors or companies; most of our 'buy' reports are based on a nebulous understanding of the future; on most occasions the profits we project do not materialise.'
As markets enter the new financial year and the long-term capital gains tax on the sale of stock investments kicks in, Abhinav Khanna, head of equities, Citi India, tells Puneet Wadhwa that he remains optimistic on the medium-to-long term growth of India, led by consumption recovery and the green shoots visible in the capex cycle.
Legal hurdle cited in I-T action against 32,000 entities.
Smart investors fine tune their investments as per the Budget announcements to make the best possible use of tax deductions and other sops.
While seniors seeking a regular income should switch to debt funds from balanced funds, younger investors should invest in balanced funds after understanding their risks.
Nifty could fall to 9,500 levels; not a good time to bottom fish, say experts
Sitharaman further said that to mitigate genuine difficulties of start-ups and their investors, government has decided to withdraw angel tax provisions for them.
With the online tax filing and automation of the tax process the number of mistakes made by taxpayers during filing of taxes have been reduced, but considering the importance of the information, a mistake or an error will be an invitation to trouble.
RNOR status is a sub-set of the Resident Status.
'Many of the challenges of investing in commercial real estate get taken care of when an investor takes the Reit route,' points out Suraj Nangia.
'No Budget has so far has addressed the issue of the government's abysmal productivity of capital spending, improving which will be the big game changer. 'But, the government's tight lock on businesses, banks, education, and even essential services like transportation and large parts of infrastructure and healthcare is destroying capital year after year,' points out Debashis Basu.
Investment guru and mutual fund expert Ashok Kumar, answers all your MF related queries.
The GIFT City management is in talks with Hong Kong, London, and Singapore arbitration centres
With the rupee crossing Rs 72/dollar in recent times, things suddenly don't look too good on several counts.
2,138 firms deposited unaccounted Rs 5,000 cr in zero-balance accounts during the note ban
It is very important to maintain your tax record even if you are not in the taxable income bracket as tax return papers are required when applying for a loan
Want to know how to claim tax deduction on property income you earn? Do you know how to withdraw unclaimed EPF money?
'Gold could return 10% to 12% in the next two-three years.'
Use of the incorrect form will result in your return being treated as defective, points out Suresh Surana, founder, RSM India.
'That Modi and the BJP can continue to treat the rising and expanding middle class this way shows that they have gamed its mind quite perfectly,' argues Shekhar Gupta.
The tax computation compares the original cost, along with the stock value on January 31, and grants benefit of the higher of the two.
The limit under the Liberalized Remittance Scheme (that was earlier $200,000 and now brought down to $75,000) is applicable per person per financial year.
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