Previously, different capital assets had to be held for varying periods to qualify as STCG or LTCG. For example, long-term capital gains were defined as gains from listed equity shares held for more than 12 months and gains from unlisted bonds held for more than 36 months. According to the...
The taxation is differentiated based on Short-Term Capital Gains (STCG) and Long-Term Capital Gains (LTCG). Short-Term Capital Gains If you sell off your equity investment within a year, it is accounted for as a short-term capital gain. It is subject to STCG rate of 15% (...
Equities are ideal for long-term investors looking for capital appreciation. NRIs can use their NRE or NRO accounts for equity investments. Researching sectors like IT, banking, and healthcare that drive India’s growth story can benefit NRIs. Mutual Funds Mutual funds offer NRIs a diversified...
This revenue will now be taxed as regular income. Short-term gains on financial assets will see a tax rate increase to 20% (up from 15%), while long-term gains will have a reduced rate of 12.5% (down from 20%). New income category names "Income from Salary“ has been renamed to "...
Exemptions claim against capital gains. Long-term capital gains (LTCG) u/s 54EE will be invested in the Government’s special funds. The investment may go up to INR 50 Lakh and to be invested within 6 months from the date of transfer of assert and the exemptions will be applied for thr...
MUMBAI (Reuters) -The Indian government raised the tax rate on equity derivatives trades and on capital gains from equity investments on Tuesday, which fund managers said may hurt short-term sentiment in the market but incentivise longer-term investment. ...
medium-andlong-termloansandsometimestakeequityinnewprojects.Somenstates provideadditionalincentives. 1.6Econtrols Thegovernmentsets’changecontrolinconjunctionwiththeRBI,which administersforeigne(forex)regulations.TheForeignEManagementAct,1999 (FEMA)establishedasimplifiedregulatoryregimeforforextransactionsandliberalizedc...
Tax on Long term capital gains: Up to the limit of 1 lakh Rupee is not taxable for Long term capital gains on stock trading. As per amendments in budget 2018, the long term capital gain of more than 1 lakh will be taxable at 10 percent and with the benefit of indexation. ...
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 gains on debt mutual funds are...
The Finance Bill proposes to provide a level playing field and proposes to cap the surcharge on tax on long term capital gains arising on transfer of any type of assets at 15%. In respect of shares of a private company, the maximum effective long-term capital gains tax rate on sale of ...