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14 hours ago · The Finance Minister today announced changes to the capital gains tax structure in India. The tax on long-term capital gains (profits from selling assets held for more than two year) has been increased from 10 per cent to 12.5 per cent. For listed financial assets, the holding period to qualify ...
13 hours ago · The short-term capital gains tax (STCG) on certain assets would be twenty percent, while the long-term capital gains tax (LTCG) on all financial and non-financial assets would rise to twelve and a ...
1 day ago · Budget 2024: Capital Gains tax exemption limit for some assets increased to Rs 1.25 lakh per year This is a developing story. It will be updated. Published By: Koustav Das Published On: Jul 23, 2024 ...
21 hours ago · The introduction of capital gains tax in Budget 2018 already created a framework that imposes a 15% short-term capital gains tax (SCGT) on equity holdings sold before one year and a 10% long-term ...
14 hours ago · Short term capital gains on certain assets will attract 20% and all other on financial and non-financial assets will be taxed at income tax rate applicable; I propose to hike the limit capital gains exemption limit to Rs 1.25 lakh per year. LTCG on specified certain assets will be hiked to 12.5% Unlisted bonds, debt mutual funds will continue to be taxed at applicable tax rate.
21 hours ago · The reduction in the long-term capital gains tax rate made real estate investments more attractive. Other key reforms included the digitization of land records, aiming to increase transparency ...
14 hours ago · The Finance Minister increased the tax rate on long-term capital gains to 12.5% from 10% and set the exemption limit at ₹ 1.25 lakh per year. The Finance Minister announced that long-term ...
14 hours ago · India proposed to raise taxes on capital gains from equity investments and the levy on stock derivatives trades in a bid to douse the speculative fervor in the country’s $5 trillion stock market.
14 hours ago · The Indian rupee dropped to a record low against the U.S. dollar on Tuesday, pressured by the drop in local equities after the government proposed raising the tax rate on capital gains.
The Cost Inflation Index (CII) helps calculate long-term capital gains by adjusting purchase prices of assets based on sale prices, reducing taxes. Base year is compared to calculate inflation. Originally set in 1981, it was changed to 2001 for valuation ease.
