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...
Tax on Dividend Distribution, Agency Problem and Firm Value – Unique Indian Perspective In India dividend and long term capital gain arising from sale of shares are not taxable in the hands of the shareholders, rather the firms paying dividend......
Tax on Long-term Capital Gain = 20% of 19,60,000 = 3,91842.4 INR Get the detail process of Tax Exemption on Income Tax in IndiaGet Details Tax Exemptions on Capital Gains According to Section 54, the tax on thecapital gainscan be exempted if the capital is invested in buying another ...
India taxes financial investment gains based upon a lock-in or holding duration. Investments in equity or equity-linked shared funds for more than one year are thought about as long-lasting, and bring in a 10% tax on gains of more than 100,000 rupees. Investments in equity held...
With the amendments, announced by Finance Minister Arun Jaitley on Friday, investors based in Singapore will no longer benefit from tax exemptions on capital gains taxes. INDIA TO START TAXING CAPITAL GAINS TO SINGAPORE INVESTORS FROM APRIL Now, funds from Mauritius interested in India will have ...
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 regulator...
In the case of normal income which is taxable at the slab rate In Section 112. Section 112 is applicable for long-term capital gains on the sale of any capital assets except Listed equity shares in addition to equity-oriented schemes of mutual funds.) The aforesaid rebate is also available...
Long Term Capital Gains on SharesKetan (Accounts Consultant) (57 Points) 10 February 2022 Please Guide for this query of Long Term Capital Gain 1. I have ABC Company 10000 Shares @ Rs.10per share date 01-04-1991 2. I received more bonus Shares @ ratio 1:1 on 01-10-2020 so now ...
Authorities possess a solid database of taxpayer’s information such as his bank interest details, tax withholdings by the employer, capital gains, dividends, etc. The major cause of delay in tax processing is the mismatch of information provided by the taxpayer when compared with the data availa...
As in the case of Mauritius, this amendment will deter such activities. The proposed DTAA provides for source based taxation of capital gains on transfer of shares, instead of residence based taxation as provided in the existing DTAA. The revised version will give India right t...