Capital Gains

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