*Note: From April 2023, capital gains from debt mutual fund investments will be taxed as per the investor’s income tax slab rate with no LTCG benefit. How to Compute Tax on Long Term Capital Gain? Long term capital gain tax can be computed as per the below table: Full value of cons...
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...
2. Capital Gains Tax No capital gains tax in the US. In India, Long Term Capital Gains tax applicable on stocks held for over 2 years. 20% plus all applicable fees and surcharges for LTCG. Short Term Capital Gains applicable on stocks held for less than 2 years. ...
05/07/2024 Premium received on redemption of debentures is interest income; not capital gains Khushaal C Thackersey v. ACIT (ITA No. 3679/Mum/2015) (Mum) 05/01/2024 India Tax Konnect - April 2024 - 04/26/2024 Safe harbour rule for the angel tax provisions is curative in nature; app...
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...
Presently, property classes are not taxed consistently and have various holding durations for imposing capital gains tax, which requires to be lined up, an authorities associated with the procedure stated on condition of privacy. The federal government has actually gotten a number of propo...
Published on:19-Dec-2024 Belated Return Income Tax Alert: Notice for Transactions Crossing Rs 10 Lakh in a Year Published on:19-Dec-2024 High Value Transactions Crypto Taxation Update: Cryptocurrencies to Be Treated as Capital Gains for Tax Purposes ...
How do I save 30% tax on crypto? Saving 30% tax on crypto can be achieved through long-term capital gains. If you hold your cryptocurrencies for more than two years, you may qualify for the long-term capital gains tax rate, which is generally lower than the short-term capital gains ta...
STCG and LTCG Holding Period in 2024Following table explains the type of gain for each asset’s basis on the holding periodAsset Short Term Capital Gains Long Term Capital Gains Listed Equity or Preference Shares Period of Holding < 12 months Period of Holding > 12 months Units of Equity ...
The exemptions come under the Startup India campaign. Take a glance at the budget 2016 highlights that focus on boosting the startup ecosystem in the country. Startup hub to support entrepreneurs coming under Scheduled Caste [SC] and Scheduled Tribe [ST] categories. Women entrepreneurs to get ...