When considering the sale of significant investments like shares and securities, vacant plots, and house properties, the timing of the transaction can have substantial financial implications. From the point of view of tax planning, the end of the fiscal year is the most important time to plan the sale of assets. Many equity investors conduct…
However, the relaxations have reduced the tax advantages of equity investments for small and medium investors, especially those with annual incomes of up to â‚ą24 lakh. Historically, investors often chose equity investments like arbitrage funds and hybrid funds like balanced advantage funds for their preferential tax treatment compared to regular income. The changing tax structure…
While still upset, we have adjusted. While we would love to go back to the pre-2018 days of 0% tax or at least remain in the 2018-24 era of 10% tax, there is not much we can do. We equity investors (both in mutual funds and stocks) must now shell out more tax on our…
NEW DELHI : Ahead of the Union Budget 2024-25, rumours were rife that tax on futures and options (F&O) would be increased to curb the increasing retail participation in the derivatives market. But while the Centre didn’t touch F&O, barring a nominal increase in securities transaction tax (STT), it increased tax on short- and long-term…
Budget 2024 removed the provision of indexation in the calculation of capital gain tax. A study tried to evaluate its impact on the quantum of taxes and discovered that the taxes, on average, would increase considerably. This study simulated tax calculations for 10 major cities and found out that LTCG taxes on average increase 2.9 times without…
In Budget 2024, Finance Minister Nirmala Sitharaman removed the indexation benefits previously available for property sales. Global brokerage house CLSA believes this move is negative for investments with shorter duration. The FM also announced a reduction in Long Term Capital Gains (LTCG) Tax on property sales from 20% to 12.5%. “With the rationalisation of the…
Budget 2024: In a shock to investors, Finance Minister Nirmala Sitharaman, in her presentation of the Union Budget for FY 2024-25, announced several key tax changes impacting capital gains and trading activities. FM announced that the long-term capital gains tax rate on all financial and non-financial assets will rise from 10% to 12.5%, with an…
