Although many taxpayers anticipated the possibility of capital gains tax rationalisation in Budget 2024, not many were expecting the tax rates to be raised, said Saumya Aggarwal, assistant professor, department of commerce at Shri Ram College of Commerce, University of Delhi. In a telephonic interview with MintGenie, Aggarwal also spoke about the National Pension System…
Real estate transactions had enjoyed lower effective tax rates due to indexation benefits that adjusted for inflation before levies were made. With the union budget removing indexation benefits across asset classes, a higher appreciation in property prices would actually reduce the tax payout for real estate investors. If the returns are higher, the new long-term…
In life, nothing comes for free. After Tuesdayās budget, add taxation relief. Take the changes in Indiaās tax regime for capital gains. While investors now have rules that are somewhat easier to recall, thanks to greater uniformity in rates across asset classes and the time limit beyond which assets qualify as having been held ālong-term,ā…
This yearās union budget has introduced a slew of changes that have a bearing on our personal finances. The long-term capital gains tax for equities was modified for the first time after it was reintroduced in the 2018 budget. The government, however, did not announce a much-anticipated relaxation in the tax treatment of debt mutual…
In the Union Budget 2024, presented by Finance Minister Nirmala Sitharaman on July 23, the tax rates for long-term capital gains (LTCG) and short-term capital gains (STCG) have been tweaked. The changes include raising the tax rate on long-term capital gains on equity from 10 per cent to 12.5 per cent, while the tax rate…
The Union Budget for 2024-25, in my view, has certainly drawn up a detailed roadmap and laid foundations for āAmritĀ Kaalā to pursue the goal of a āViksit Bharatā. The government has articulated well its planning to foster long-term growth drivers for sustainable development, improvement in productivity, and creating opportunities for all. The Budget envisages sustained…
