Ltcg

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Ltcg - Total results - 31
Budget 2020: Access to cheaper credit, tax rationalisation can revive economy, boost consumption
Business

Budget 2020: Access to cheaper credit, tax rationalisation can revive economy, boost consumption

To provide the necessary impetus to retail investors, the government could look at personal tax slab changes and roll back long-term capital gains tax

Budget 2020: BJP recommends tax tweaks to attract foreign investors; says cost of financial transactions in country to be reduced
Business

Budget 2020: BJP recommends tax tweaks to attract foreign investors; says cost of financial transactions in country to be reduced

India charges 15 percent short-term capital gains tax if equity shares are sold within a year and at 10 percent if sold after a year.

Budget 2020: Income tax rules on gains from gold, property sale, stocks likely to change; tax treatment for LTCG may be revised
Business

Budget 2020: Income tax rules on gains from gold, property sale, stocks likely to change; tax treatment for LTCG may be revised

Among the Budget proposals being considered for the Union Budget is that the long term capital gains (LTCG) tax will be fixed at 24 months or two years uniformly for all asset classes

Budget 2020: From initiatives to boost consumption, promote growth, here's a slew of expectations from Nirmala Sitharaman
Business

Budget 2020: From initiatives to boost consumption, promote growth, here's a slew of expectations from Nirmala Sitharaman

When it comes to saving instruments, the types of instruments where relief for interest earned is available is different for different categories of taxpayers, adding complicity to tax laws and making it burdensome for the average taxpayer

Income tax slabs, change in capital gains tax in offing; to boost govt revenues by over Rs 55,000 cr: Report
Business

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

Govt plans major tax alignments for equities; move aims to boost investor sentiment, bring in more forex
Business

Govt plans major tax alignments for equities; move aims to boost investor sentiment, bring in more forex

The PMO is reviewing the current structure of LTCG tax, the STT and DDT in consultation with the Finance Ministry’s Revenue Department and NITI Aayog.

Super-rich tax lacks teeth: Special treatment for dividend, capital gains take away its sting
Business

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

Additional tax burden on super-rich is flawed; goes against Narendra Modi's claim of kamdars over naamdars
Business

Additional tax burden on super-rich is flawed; goes against Narendra Modi's claim of kamdars over naamdars

Sitharaman's Budget can potentially disincentivise those who invest in high-value skills such as a surgeon or an architect, for instance

Drop in income tax e-filers: Gains accrued from GST, demonetisation not enough, need to increase employment opportunities
Business

Drop in income tax e-filers: Gains accrued from GST, demonetisation not enough, need to increase employment opportunities

Demonetisation and GST were two schemes that were brought in by the government ostensibly to bring out black money and get everyone into the tax fold.

Proposal to rollover capital gains for two properties is deeply flawed: Don't uncork bubbly yet, there is a catch here
Business

Proposal to rollover capital gains for two properties is deeply flawed: Don't uncork bubbly yet, there is a catch here

Instead of putting an Rs 2 crore cap on long-term capital gains, a cap should have been put on the selling price of the original house at say Rs 4 crore.

Budget 2019: Govt should raise tax on individuals earning above Rs 50 lakh to 40%; impose levy on super rich to fund welfare schemes
Business

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
Business

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.

First half of 2019 likely to be volatile, but stronger macros signal positive equity market move
Business

First half of 2019 likely to be volatile, but stronger macros signal positive equity market move

The rural consumption thesis holds strong for the economy with over 50 percent contribution to India’s GDP and around 50 percent contribution towards consumption.

Stock markets have rallied since 2016; do not shy away from equity, but tread cautiously in 2019
Business

Stock markets have rallied since 2016; do not shy away from equity, but tread cautiously in 2019

Alpha (capital appreciation) will surely occur, there is no need to shy away from equity,\

CAD may narrow to 2.6% of GDP in FY19 on falling crude; direct tax collections likely to be higher: SBI report
Business

CAD may narrow to 2.6% of GDP in FY19 on falling crude; direct tax collections likely to be higher: SBI report

Total receipts for the six months period is Rs 7.09 lakh crore (39 percent of BE) and the total expenditure is estimated at Rs 13.04 lakh crore (53.4 percent of BE).

Amrapali fund diversion: Why auditors should be sent to cleaners for enabling dubious cash deals
Business

Amrapali fund diversion: Why auditors should be sent to cleaners for enabling dubious cash deals

That Amrapali auditors turned a blind eye to its management’s shenanigans for a quid pro quo, makes it a Satyam redux.

Raghav Bahl reacts to I-T raids on his Noida residence, office, says declared everything in Income Tax Returns
Business

Raghav Bahl reacts to I-T raids on his Noida residence, office, says declared everything in Income Tax Returns

A team of Income Tax department sleuths raided the residence of Raghav Bahl in Noida and are looking for documents and other evidence related to the case under probe.

Finance Act 2018: A look at how recent changes impact personal tax planning for the ongoing financial year
Business

Finance Act 2018: A look at how recent changes impact personal tax planning for the ongoing financial year

Net tax savings for a majority of all salaried individuals, on account of the changes listed in the Finance Act, 2018, has left a lot to be desired.