The Union Budget of 2020 changed the rules on tax on dividend from equity mutual fund in India. You need not pay a Dividend Distribution Tax (DDT) on equity mutual funds now, and the dividends are taxable in the hands of the investors. This amendment is likely to reduce the...
thereby reducing the effective capital gains. The advantage of indexation in mutual funds is available only for long term capital gains made on debt funds.
That’s why they’re taxed just like debt funds. Capital gains earned after withdrawing an investment are taxed in India. This simply means that if you stay invested in liquid funds, you won’t have to pay a tax on the profit you’ve earned. But let’s say you’ve withdrawn your...
Once you know your holding period, the tax on the capital gains will be determined by the type of mutual fund you are invested in. There are primarily two categories of mutual funds: equity and debt. However, it’s also important to talk about hybrid funds to understand how they’re taxe...
Amendments proposed to capital gains taxation on real estate A significant change in the revised bill was regarding the indexation provision in relation to long term capital gains tax… August 9, 2024 13:13 IST Indexation benefits to be back for debt mutual funds as well after real estate?
How can Washington possibly pay for trillions more in promises on top of this unsustainable debt? According to Republicans in Washington, it’s simple. Just grow the economy so fast that the resulting revenues will pay for it all. …The most recent House Republican budget resolution assumes that...
And there’s also a “Section 911” exclusion that allows them to avoid double taxation on income below a certain level. But the overall effect is a system that – at best – is a compliance nightmare. And in many cases, it means overseas Americans are being taxed by two governments on...
Tax saving mutual funds offer a tax benefit for investors. Investors can claim tax exemption on their investments up to INR 1,50,000 under Section 80C of the Income Tax Act, 1961, for a financial year. However, tax saving mutual funds investments have a lock-in period of three years. Al...
When you sell the your RSU/ESOP/ESPP (after vesting period is over) and get back the money, its your responsibility to pay the tax on the amount in India. How much tax is to be paid by you, depends on the nature of the gains. If you sell the shares before 1 year of acquiring ...
appeals and litigation Accounting and auditing Appendix I – Double taxation agreements PwC services in Viet Nam Contacts 4 | Viet Nam Pocket Tax Book 2024 24 26 28 30 34 35 36 37 40 43 45 A summary of Viet Nam taxation The information in this booklet is based on current taxation regulati...