In India, any profit or gain arising from the sale of a capital asset is deemed as capital gains and is charged to tax under the Income-tax Act, 1961. They are classified as short-term capital gains or long-term capital gains, depending on the period for which the capital asset has be...
In India, capital gains tax is levied within the framework of Indian Income Tax Act, 1961. Sections 45 to 55A of the Act relate to the taxation of capital gains. Since capital gains are not annual accruals from a given source but represent appreciation in the market value of assets over ...
Can nri be exempt from capital gains tax under double taxation treaty and under section 90 of income tax act - Taxation
The article discusses two court cases related to capital gains tax policy under the India-Mauritius tax treaty. It announces that Delhi Income-tax Appellate Tribunal (ITAT) settled the issue about the eligibility of the taxpayer in the case of Saraswati Holding Corporation. In the case of Azadi...
Now, funds from Mauritius interested in India will have to weigh paying capital gains taxes that could range from zero to as much as 20 percent versus the expense of setting up a new structure. Treaty signals end of shopping for tax havens The DFA records, which date to 2005, show there...
Capital Gains Tax in India In India, the tax is not imposed on the long-term capital gains of stocks and equity mutual funds. But, 15% tax is levied on the short-term gains. Both short and long-term capital gains are taxed in the case of debt mutual funds. While the long-term gain...
March 1, 2021Arpit KulshresthaIncome Tax News and Articles, Taxes in India 3 Minutes Read Under section 50C of the Income Tax Act the Income Tax Appellate Tribunal (ITAT) Bangalore, has eliminated the addition performed by the revenue department. The taxpayer Ayi Vaman Narasimha Acharya has ...
We examine stock price responses to the 2018 increase in the long‐term capital gains tax rate in India, a market where individual stock ownership is only 18.5%. Overall, the evidence provides strong support for the continued relevance of long‐term capital gains taxes for stock prices despite ...
NEW DELHI, Nov 15 (Reuters) – India is preparing modifications to its capital gains tax structure in the next spending plan, looking for to bring parity amongst tax rates and holding durations for financial investments throughout equity, financial obligation and stationary home. Presently...
Investment in capital gain bonds is done in order to save on long term capital gains (LTCG) tax on property sale. Therefore these bonds are called or known as capital gain (CG) bonds. Capital gain bonds are the fixed income financial product/ instrument. Government of India is the ...