Banks in talks with temple trusts to push gold scheme
What are the tax implications of investing in gold bonds issued by the State Bank of India? Is there any tax liability associated with investing in gold? Read on to find out.
Retail investors planning to 'return' to the stock markets, may want to evaluate mutual funds a little more objectively.
Tendering the shares in an open offer will lead to higher taxation.
Indexation is a technique to adjust tax payments by employing a price index which adjusts for inflation
Faced with prospect of its assets across the globe being seized just like Pakistan and Venezuela, the government decided to scrap retrospective taxation but the international embarrassment could have been avoided had 'attached' shares of Britain's Cairn Energy Plc not been sold, according to tax and legal experts. On Thursday, the government introduced a Bill in Parliament to scrap the tax rule that gave the tax department power to go 50 years back and slap capital gains levies wherever ownership had changed hands overseas but business assets were in India. The 2012 legislation was used to levy a cumulative of Rs 1.10 lakh crore of tax on 17 entities, including UK telecom giant Vodafone, but substantial punitive action was taken only in the case of Cairn.
'Housewives depositing cash up to a limit of Rs 250,000 need not worry.' 'It is understood that in India housewives save money which they get from their husbands for household expenses.' 'The intent of the government is not to question them.'
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
'The government's projections for 2019-2020 will be disappointing big time.'
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Long-term tax on capital gains arising from selling a house can be invested in another property under Section 54.
With real estate -- NRIs's favourite investment vehicle in the past -- unlikely to do well in the near future, there is a strong case for NRIs to shift to equity and debt mutual funds, says Prateek Mehta.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
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The government is likely to file an appeal against the Cairn arbitration award contesting its sovereign rights to tax, sources said.
A salaried individual needs to file returns as a business owner if s/he has a high turnover while trading in stocks or futures & options, reveals Tinesh Bhasin.
If an equity share is purchased before January 31, 2018, at Rs 100 and the highest price quoted on January 31, 2018, in respect of this share is Rs 120, there will be no tax on the gain of Rs 20.
Event-based volatility could rise in the near future, increasing arbitrage opportunities.
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.
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.
A 'timing plus SIP' method could match the commitment of x in ordinary months and commit say, 2x or 3x in months where there has been a big correction.
Sooner the investors shift, the better it is as a majority of equity funds have single-digit returns since January 31.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Unlike many peers in the VC space, LSE grad Juneja doesn't have an entrepreneurial background but is said to be strong in finance skills
The grandfathering clause and set-off provisions can be used to reduce the tax payable on sale of bonus shares, says Arvind A Rao.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
'If I close my housing loan, are there any investment avenues (the investment should provide liquidity) to save tax?'
Customers need to weigh whether they will be better off selling their mutual fund holdings or taking a loan against it.
Don't forget to ask for quarterly audited statement of transactions in your account. This will make it easier for you to calculate your tax liability and pay it on time.
The new 10 per cent dividend tax will be payable only on dividend income over and above Rs 10 lakh threshold in a year, according to an amendment to the Finance Bill 2016 approved by Lok Sabha.
Use fixed maturity plans to tide interest rate volatility if you're okay with lock-in because longer duration. FMPs can give up to annualised 7.7 per cent returns.
Tax Guru Anil Rego answers your personal income tax queries
The amendment would help check round-tripping of funds and boost the domestic consumption, Jaitley added
Based on the holding period, the profit you make is liable to short-term or long-term capital gains tax, experts tell Tinesh Bhasin.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Experts say investors need not tinker with their debt portfolio as shifting won't be tax-efficient.
The market players were expecting that if long-term gains are taxed, the STT would go. But this has not happened, says Debashis Basu.
'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.
Take a call to stay put or opt our based on whether you think the company will be able to find a strategic investor, suggests Sanjay Kumar Singh.
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