fair market value

Budget 2024: I-T dept clarifies acquisition cost of real estate bought before 2001 for LTCG calculations

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Budget 2024: I-T dept clarifies acquisition cost of real estate bought before 2001 for LTCG calculations

The Income Tax department has clarified that the cost of acquisition of real estate properties purchased before 2001 will be the fair market value (FMV, not exceeding the stamp duty value) as of April 1, 2001, or the actual cost of the land or building for the purpose of calculation of long-term capital gains (LTCG) … Read more

Budget 2024: Will the government revise taxes on employee stock ownership plans? Here's what experts say

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Budget 2024: Will the government revise taxes on employee stock ownership plans? Here's what experts say

Although Union Finance Minister Nirmala Sitharaman will be presenting the Interim Budget ahead of the scheduled Lok Sabha elections in May, startups and experts feel that the government should offer clarity on ESOP taxation to benefit start-up employees. ESOPs (Employee Stock Ownership Plans) are employee incentives that companies use to attract, reward, and retain talent. … Read more