De-jargoned | Capital Gain Account SchemeBySaurabh Kumar
If you are a basic rate income taxpayer, how much you pay will vary depending on the size of your gain, whether it has come from a residential dwelling or another asset, and what your other taxable income is. Disposals falling within the prevailing basic rate band are taxed at 10% (or...
Presumably on your tax return, you account for your ‘notional distributions’ in the dividend tax section, while the accumulation fund’s gain is in the capital gains section. Notional distributions aren’t capital gain so don’t need to be accounted for there. Bear in mind, all this comes...
Capital gain; or Cost of new asset (limited to INR 100 million or US$1.1 million) Further, taxpayers can park the sale proceeds temporarily in the Capital Gains Accounts Scheme (CGAS) deposit till they find a suitable property to purchase or construct. This must be done before the due date...
“While virtual banks are not expected to maintain physical branches, they should endeavour to take care of the needs of their target customers, be they individuals or SMEs,” it says, adding that virtual banks should not impose any minimum account balance requirement or low-balance fees on the...
Use Capital Gain Accounts Scheme for unused moneyRaghunath Rao
thus aiming at realizing a substantial capital gain by a successful and timely exit from the investment. In addition to financial objectives, the interviewed CVC investors pursue strategic objectives. They aim at opening a window on a promising new technology such as the injected coffee capsule prod...
- 1 Click Statement of Account Download for any Asset Management Company in India - Advanced Capital Gain Reports - Invest Online in any Mutual fund scheme or New Fund Offer. Track all orders till the allotment of units to keep complete transparency ...
A few minutes later Quigley responds, rather characteristically it would seem (one of the consistent criticisms of the Board is that they repeatedly acts as if their role is to cover for the Governor, not – as the law provides – to hold the Governor to account on behalf of the public ...
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