Capital Gains News
Budget 2020: Commodity participants body urges govt to address high cost of trading in Indian markets
The Commodity Participants Association of India (CPAI) has urged the government to address high cost of trading in the Indian markets, which is leading to drastic drop in volume and liquidity
FAQs on filing income tax returns: How to report foreign company directorship, equity shares held outside India
The revenue department on Thursday released FAQs on filling income tax returns (ITR) with regard to reporting of directorship in a foreign company and equity shares held outside India
Super-rich tax lacks teeth: Special treatment for dividend, capital gains take away its sting
Finance Minister Nirmala Sitharaman has steeply hiked the wealthy with a super-rich tax in Union Budget 2019
Budget 2019: Six ways new Finance Minister Nirmala Sitharaman can overhaul India's tricky direct tax system
With central excise and local sales tax accounting for roughly 50 percent of the petrol bunk prices, its migration to the GST regime brooks no delay
Real estate investment: Homebuyer must look into taxation aspects of rental income, gains from property sale
An individual who has earned long-term capital gains on the sale of real estate can claim an exemption under Section 54 if he reinvests the gain in another property.
DPIIT proposes relaxation in income tax law to help startups raise funds; tax incentives for budding entrepreneurs on the cards
The document aims at facilitating setting up of 50,000 new startups in the country by 2024 and creating 20 lakh direct and indirect employment opportunities.
From tax rebate to hike in standard deductions: Salaried, middle-class get avenues to save more
With the intent of reducing tax burden on the middle-class and salaried individuals, the finance minister proposed a number of tax benefits.
Budget 2019: Govt should raise tax on individuals earning above Rs 50 lakh to 40%; impose levy on super rich to fund welfare schemes
The interim budget 2019 to be presented on 1 February 2019 by Finance Minister Arun Jaitley can correct this skew with some path-breaking reforms that might appear to be just reversal of the past policies.
Vodafone moment for Flipkart shareholders? Advance tax, TDS pour in from capital gains on sale to Walmart
While Vodafone is challenging the retrospective amendment made in 2012 by the former finance minister Pranab Mukherjee, Flipkart promoters have no such latitude.
Filing ITR: You could hire a CA, opt for services of TRP, buy private software or do-it-yourself
Filing income tax return as said in the earlier pieces is a fairly simple affair but if one has avoided tax wittingly or unwittingly by investing in the names of near and dear ones, it is better to call for the services of experts
LTCG tax: In a big relief to investors, govt extends indexation benefit to share sale in unlisted companies
Currently, 15 percent tax is levied on capital gains made on sale of shares within a year of purchase.
Mutual funds investments not affected after reintroduction of LTCG tax on capital gains, says AMFI
AMFI says all financial products should have same tax treatment and that mutual fund industry was trying to keep everything on level playing field
Budget 2018: Sensex slumps over 500 points, Nifty trades lower at 10,827 as long term capital gains tax returns
According to market observers, heavy selling pressure in consumer durables, banking, capital goods, auto and metals stocks added to downward trajectory of indices.
Budget 2018: Govt introduces long-term capital gains tax on equities
Presenting the Budget proposals for 2018-19, Finance Minister Arun Jaitley said returns from the stock market are quite attracting and it was time to bring them under the ambit of capital gains tax
Income tax returns filing: Do not expect another deadline extension; why you need to file it now
Let’s face it, the Income Tax Department seem to have more teeth now than ever before.
Black money hunt reaches penny stocks: I-T dept unearths nexus between shell cos, operators
In Mumbai alone, the I-T dept is claimed to have filed criminal prosecution charges against shell companies, stock brokers, operators involved in laundering of over Rs 10,000 crore
India, Cyprus agree to new tax treaty: Here's how it clears uncertainty for investors
The agreement reached provides for source-based taxation for gains from the alienation of shares
How amended Mauritius tax treaty will rein in Indian crooks laundering their ill-gotten wealth
Those in the know aver that it was a conspiracy between the two governments (after Mauritius demography shows 50% Indian stock) to facilitate round-tripping of black money of Indian crooks
Income from unlisted share sale to be taxed as capital gain
Income from sale of unlisted shares would be treated as capital gains and taxed at a lower rate than business income to have a uniform approach and avoid litigations, the Income Tax department has said.
Vodafone moves International Court of Justice over tax arbitration with India
British telecom giant Vodafone is believed to have moved the Hague-based International Court of Justice (ICJ) seeking appointment of a judge to preside over a arbitration over its Rs 14,200-crore tax case.