long term capital gains tax

Investors can consider MCX Futures and Gold ETFs as viable alternatives to SGBs: Kaynat Chainwala of Kotak Securities

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Investors can consider MCX Futures and Gold ETFs as viable alternatives to SGBs: Kaynat Chainwala of Kotak Securities

With Sovereign Gold Bonds (SGBs) maturities approaching, investors should consider their options carefully. Whether to reinvest in new SGBs, explore other gold investments, or diversify into different asset classes depends on their individual financial goals and risk tolerance. Kaynat Chainwala, AVP-Commodity Research, Kotak Securities, in an interview with BT Money Today discussed the potential impact … Read more

After selling my old house in Delhi, how much total tax will I have to pay this financial year?

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After selling my old house in Delhi, how much total tax will I have to pay this financial year?

I am 71 years old and I have sold my house in Delhi for Rs 90 lakhs. If I don’t want to buy a new house with this money or reinvest in any new commercial property, how much total tax, capital gains and others, will  I have to pay this financial year? Name withheld Reply … Read more

No relief to middle class taxpayers as compared to corporates? FM Sitharaman counters Opposition

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No relief to middle class taxpayers as compared to corporates? FM Sitharaman counters Opposition

Finance Bill 2024: Union Finance Minister Nirmala Sitharaman on Wednesday said that the government has successfully brought in a simplified tax structure. While replying to the discussion on the Finance Bill in Lok Sabha, FM Sitharaman said that the claim that corporate taxes are lower than the individual taxes claim is not well founded. While replying … Read more

Capital gains tax changes in real estate: What’s the impact on your taxes after govt’s recent tweak

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Capital gains tax changes in real estate: What’s the impact on your taxes after govt’s recent tweak

Long-term capital gains tax:  The Centre announced on Tuesday a significant decision that offers relief to homeowners regarding Long-Term Capital Gains (LTCG) tax on real estate. Homeowners will now given the option to choose between two tax rates: a 20% rate with the indexation benefit, or a 12.5% rate without indexation. This policy shift follows … Read more

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

Union Budget 2024: Capital gains tax reform features in wishlists of fund houses, experts

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Union Budget 2024: Capital gains tax reform features in wishlists of fund houses, experts

When Finance Minister Nirmala Sitharaman presents the Union budget later this month, investors, taxpayers, corporates, and mutual fund houses will be hopeful for some significant tweaks in the structure of the capital gains tax, which is currently not standard.  The Capital gains tax burden experienced by investors can differ depending on the type of asset … Read more