Jeff Bezos didn’t wait long to start cashing in on Amazon.com Inc.’s rally to start the year. Less than two weeks after disclosing a plan to dispose of as many as 50 million shares of the company he founded, Bezos has offloaded 24 million shares, worth more than $4 billion. The sales, revealed in regulatory … Read more
“We expect that there may be some announcements on rationalization/harmonization in the capital gains tax structure,” says Reshma Banda, Head-Equity & Executive VP, Bajaj Allianz Life Insurance. In an interview with ETMarkets, Banda who has over 20 years of investment management experience said: “We may continue to see a push towards CAPEX, rural India, Infrastructure, … Read more
The income tax department has notified the cost inflation index for current fiscal beginning April 2021 for calculating long-term capital gains arising from sale of immovable property, securities and jewellery. The cost inflation index (CII) is used by taxpayer to compute gains arising out of sale of capital assets after adjusting inflation. The Central Board … Read more
Beginning this financial year, the income tax department will have direct access to details of capital gains made, dividends received and interest earned by investors, which is expected to plug under reporting or non-declaration of such income. A notification issued by the I-T department on March 12 has included stock exchanges, depositories, clearing corporations and … Read more
The government has extended various income tax-related deadlines to provide relief to individual taxpayers impacted by the novel coronavirus pandemic. Some of these deadlines include filing of belated income tax return (ITR) for FY 2018-19, verification of old ITRs etc. Here is a look at three such tax-related deadlines that fall on September 30, 2020. … Read more