Income tax slabs, change in capital gains tax in offing; to boost govt revenues by over Rs 55,000 cr: Report
The report also suggests removing prosecution and reopening of assessment for those who declare and pay higher income tax for a past period of up to six years with interest and 50 percent penalty
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.
EPFO cuts interest rate to 8.55% from 8.65%, bank deposits unattractive, LTCG on stocks; it is no good time for savers
It is a stated policy of the government to bring down small savings rates to align with the bank deposit rates
The proposal of long-term capital gains tax will not have much impact on the National Pension Scheme (NPS), Pension Fund Regulatory and Development Authority (PFRDA) chairman Hemant Contractor has said
AMFI says all financial products should have same tax treatment and that mutual fund industry was trying to keep everything on level playing field
Finance Minister Arun Jaitley will address the boards of the Reserve Bank and markets regulator Sebi tomorrow, highlighting various financial sector reforms announced in the Union Budget 2018-19
Arun Jaitley does a UPA vs NDA: FM says LTCG tax required in present situation, markets crashed on global cues
Arun Jaitley said the downslide in the bourses was not caused by the reintroduction of LTCG and attributed negative global cues
Urjit Patel said there is sizable scope for the investment to GDP ratio to improve and pointed out to increasing capacity utilisation levels
RBI considered first advance estimate for GVA growth that central statistics office (CSO) revised down to 6.1 percent for 2017-18
The steady fall in Sensex and Nifty following the Budget is not only due to the proposed 10 percent tax on LTCG but also in sympathy with the worldwide trends notably the one triggered by the US markets.
Hasmukh Adhia alleys investors' fears, says LTCG tax not causing sell-off at markets; blames global slump
Hasmukh Adhia, who is also Revenue Secretary, said income of government from Securities Transaction Tax (STT) is a paltry Rs 9,000 cr
Arun Jaitley feels need for humoring stock market by taxing STCG and LTCG there from at concessional rates of 15 percent and 10 percent respectively.
Budget 2018: Why mutual fund investments continue to remain attractive saving option despite return of LTCG tax
Report says despite re-introduction of LTCG tax, investments made in equity related mutual funds still remained profitable.
Arun Jaitley had a little room to fulfill the widespread expectations of the common man from the Budget on the personal taxation front.
Arun Jaitley defends allocation for new healthcare scheme, says government can take additional measures to fund it
Finance Minister Arun Jaitley has defended Modi's government's plan to roll out the world's largest healthcare initiative across the country.
Budget 2018: Sensex crashes 800 points, Nifty below 10,800; Fitch says high debt burden constrains rating upgrade
The flagship Sensex nosedived by 766.09 points to quote at 35,080 points in pre-close session with all the sectoral indices trading in the negative zone
Budget 2018: Reduction in corporate tax, long term gains tax will make investments in SME stocks lucrative
The value of these companies or SMEs will increase as the future earnings projections will go up because of the reduced tax
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.
While unveiling the Budget proposals for 2018-19, Finance Minister Arun Jaitley also proposed to introduce 10 percent tax on long-term capital gains from stock markets, exceeding Rs 1 lakh.
Stock brokers expressed disappointment over the introduction of long-term capital gains tax in Budget, saying markets may react negatively in the short-term