Capital gains on transfer of shares in Indian company by Mauritius Company holding valid TRC is not chargeable to tax under the India-Mauritius tax treatyThe taxation of cross-border transaction involving transfer of shares of an Indian company and the applicability of India-Mauritius tax treaty on...
capital gains tax Also found in: Thesaurus, Legal, Financial, Acronyms, Encyclopedia, Wikipedia. capital gains tax n (Economics) a tax on the profit made from the sale of an asset. Abbreviation: CGT Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins...
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...
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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 I hold more 10000 Shares Rs 0 3 I sold 15000 Shares on 01 01 2022 Rs 990p
(vi) any capital gains chargeable undersection 45; (vii) the profits and gains of any business of insurance carried on by a mutual insurance company or by a co-operative society, computed in accordance withsection 44or any surplus taken to be such profits and gains by virtue of provisions...
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...
Capital gains invested in shares for less than 12 months is considered as short-term capital gains and it is taxed at 15 percent. There is no tax levied on the long-term capital gain invested in shares and mutual funds. However, the investment in debt mutual funds for both short-term and...
Overview on bonds under Section 54EC & Taxation aspects Section 54EC bonds, commonly known as capital gain bonds, are an effective way for investors to save on long-term capital gains (LTCG) tax. If you sell a capital asset like real estate, shares, or other qualifying assets and make a...
Capital Gains on Shares/MF/Others Deductions from Income (80C/80D etc.) Custom About Our Company “Taxwink believes that best legal services should be accessible for everyone.” With this belief, we bring professional services for you- We pride ourselves on saying that we are one of the emer...