immovable assets

Capital gains tax: AMFI urges to restore indexation benefits for debt mutual funds after real estate breather

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Capital gains tax: AMFI urges to restore indexation benefits for debt mutual funds after real estate breather

Capital Gains Tax: After Finance Minister Nirmala Sitharaman made an announcement in the Union Budget regarding the reduction of tax on long-term capital gains from 20% with indexation benefits to 12.5% without indexation benefits, an amendment was introduced to The Finance Bill, 2024. This amendment allows taxpayers to select the tax rate that is more advantageous … Read more

File assets details by Nov 30 or face disciplinary action: CVC to government officials

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File assets details by Nov 30 or face disciplinary action: CVC to government officials

The Central Vigilance Commission (CVC) has asked all central government officials to file details of their movable and immovable assets by this month-end, failing which will attract disciplinary action, according to an official order. The probity watchdog expressed deep concerns over prolonged delay in filing of such details by the government officials and set the … Read more