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Key Takeaways From The Finance Bill That Would Come In Effect From April 1, 2023

On Friday, 24 March, 2023 passed a Finance Bill with key amendments. A total of 64 official amendments were proposed in the Bill. Among them, major blow was on non equity schemes, securities transaction tax, Angel tax provisions and Liberalised Remittance ...

FM Extends Tax Holiday, Capital Gains Exemption For Startups

While presenting the Union Budget 2021, providing relief to startups, the Finance Minister extended the tax holiday by one more year to March 2022. Nonetheless, experts opine that since most of the startups are incurring losses, the move will have ...

Cost Inflation Index That Helps Ascertain LTCG Notified For FY 2020-21

Cost inflation index or CII for the Fy 2020-21 has been notified by the ministry of finance as 301 in a release dated June 12, 2020. In the previous fiscal CII stood at 289. The measure holds importance as it ...

3 Ways Tax Changes In Budget 2020 Will Affect Mutual Fund Investors

In the Union Budget 2020, Finance Minister Nirmala Sitharaman announced a new tax regime that will allow higher income tax cuts if one let's go of most deductions and exemptions. If you are one of the taxpayers who has made mutual ...

Finance Ministry To Take Another Year To Decide On LTCG: Sitharaman

On Friday, Finance Minister Nirmala Sitharaman said that her ministry will wait for one "normal year" before taking a call on abolishing long term capital gains (LTCG) tax on equities. Addressing criticism on failing to address the concern at recently ...

Long Term Capital Gains: How to Save Tax on LTCG in India?

Individuals have to pay tax to the government on an annual basis if their income exceeds the set limit of exemption. Likewise, apart from income from salary, one has to pay tax on selling capital assets too. The gains made out ...

Budget 2020: BJP Recommends Changes In Equity Taxes To Attract Foreign Investment

The Bharatiya Janata Party (BJP) has recommended adjustments to be made to taxing of equity market returns in the upcoming Union Budget 2020-21 to attract capital inflows into Indian stock markets, a senior party member told Reuters. In pre-budget consultations with ...

Budget 2020: LTCG Tax On Equity Unlikely To Be Withdrawn

As per a TOI report, as a handful of investors to the tune of 3.4 lakh have not come with clean hands by not reporting their long term capital gains on equity, it is highly likely that the sought LTCG tax ...

Budget 2020: Govt Likely To Tweak Dividend Distribution Tax Applicability

In the upcoming Union Budget, the Finance Ministry is likely to announce changes to dividend distribution tax (DDT) and long-term capital gains (LTCG) tax on equity investments. According to CNBC-TV18 sources, the government is likely to change the applicability of DDT. ...

Budget 2020: Govt May Remove LTCG Tax On 2-Year Equity Holdings

Following the much criticism received on the re-introduction of the tax and looking for means to attract more long-term foreign investment, the government is now seeking advice from tax experts on removing the LTCG (long-term capital gains) tax on equities in ...

Tax Implication On Equity To Likely See An Overhaul: Report

To further improve market sentiment, the government is mulling over changes in income tax implications on equity investment, reported a leading business channel, citing sources. As per the report, different taxes that apply on equities such as long term capital gains ...

Enhanced Surcharge On Capital Gains From Equity Withdrawn For Individuals, HUFs

Individuals and HUFs (Hindu Undivided Families) will not have to pay enhanced surcharge on capital gains tax on the sale of equity shares and equity-oriented mutual fund units. "In order to stabilise the flow of funds into the capital market, it ...

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