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Date 1 October 2004. The then Finance Minister P. Chidambaram removed the Long Term Capital Gains (LTCG) tax on stock market profits. In lieu of this he introduced Securities Transaction Tax (STT). The logic was simple – leave tax on profits, tax every transaction. Everything went well for 14 years, but in the 2018 budget,…
Corporate sector investors and policy voices are renewing calls to roll back India’s recent capital gains tax hikes, arguing the current regime penalizes long-term equity investing. Complete Circle CIO Gurmeet Chadha and AAP MP Raghav Chadha have urged Finance Minister Nirmala Sitharaman to reconsider the tax structure, warning that “patient capital” is struggling under high…
New Delhi: HDFC Bank’s Board of Directors has approved a 1:1 bonus share issue, meaning shareholders will receive one additional share for every share they hold. The record date for determining shareholder eligibility is 27 August 2025. However, since the stock market will remain closed on that day, the ex-date will be 26 August 2025….
The Budget, presented on July 23, had proposed a lower 12.5 per cent rate of LTCG tax, down from 20 per cent, while doing away with the indexation benefit. Replying to a debate on the Finance Bill, Finance Minister Nirmala Sitharaman said the rollover benefit will be available to taxpayers who buy new immovable property…
Reported By: Pallavi Ghosh Last Updated: August 06, 2024, 23:37 IST The union budget announced the withdrawal of indexation benefits from real estate and lowered the long-term capital gains from 20 per cent to 12.5 per cent. (Representational image) A copy of the amendment to be moved by finance minister Nirmala Sitharaman is available with…
New Delhi: The Central Board of Direct Taxes (CBDT) on Thursday issued FAQs to explain the new capital gains tax regime in Budget 2024-25. Q: What are the major changes brought about in the taxation of capital gains by the Union Budget 2024-25? A: The taxation of capital gains has been rationalised and simplified. The…
New Delhi: The Budget 2024 announcement has put the limelight on a fresh debate on whether removing indexation is going to have significant implications for property owners. Sunil Tyagi, Maging Partner, Zeus Laws, in a candid conversation with Reema Sharma of Zee News has shared a detailed calculation on both the scenario when a house is bought…
The LTCG tax rates is, however, expected to remain unchanged in the Budget 2024-25. Budget 2024-25: The government is likely to reduce the real estate holding period for long-term capital gains (LTCG) tax to 12 months, against 24 months currently. Finance Minister Nirmala Sitharaman is set to present her seventh Budget 2024-25 on July 23….