New Income Tax Bill 2025 to be tabled at 2 PM today: Key tax-related changes to expect

New Income Tax Bill 2025 to be tabled at 2 PM today: Key tax-related changes to expect

Union Finance Minister Nirmala Sitharaman will present the new Income Tax Bill 2025 in the Lok Sabha today. This bill, designed to make tax regulations more accessible to the general public, will replace the existing Income Tax Act of 1961. The bill will then be referred to the Parliamentary Standing Committee on Finance, which will … Read more

‘Debt funds won’t be taxed…’ Deepak Shenoy explains taxation proposed under New Income Tax Bill 2025

‘Debt funds won’t be taxed…’ Deepak Shenoy explains taxation proposed under New Income Tax Bill 2025

Ahead of the introduction of new Income Tax Bill in the Lok Sabha on Thursday, Deepak Shenoy, Founder, Capital Mind, explained the proposed bill, which would replace the Income Tax Bill, 1961, does not make debt funds taxed as long-term capital gains. He noted that all gains from debt funds is only short-term capital gain. … Read more

Capital gain tax after Budget 2025: Latest LTCG, STCG rates on various assets post Budget 2025

Capital gain tax after Budget 2025: Latest LTCG, STCG rates on various assets post Budget 2025

Budget 2025 impact: Finance Minister Nirmala Sitharaman introduced minor adjustments to the existing capital gains tax framework after overhauling it in the July 2024 Budget. The tax rates and holding periods for assets have been kept unchanged, determining whether they are subject to long-term capital gains or short-term. Consequently, the rules governing Long Term Capital … Read more

‘Poor taxation kills you…’: Finfluencer weighs in on high capital gain taxation on these plans and future of it

‘Poor taxation kills you…’: Finfluencer weighs in on high capital gain taxation on these plans and future of it

Retirement is a crucial period in one’s life, and it is important for individuals, whether they are self-employed or salaried employees, to prioritise financial security in their golden years. Many financial experts emphasize the importance of tax saving in financial planning for individuals of all income levels, including senior citizens. It is essential to consider … Read more

My house is sold for Rs 1.72 crore. Can I avail of the indexation benefit on long-term capital gain if house is sold post 23rd July 2024? 

My house is sold for Rs 1.72 crore. Can I avail of the indexation benefit on long-term capital gain if house is sold post 23rd July 2024? 

The area of the house proposed to be sold is 1725.9 sq.ft and the sale price is Rs 1.72 crore to be shared equally between my elder sister and myself. The circle rate as on 01.04.2001 was Rs 3400 per square metre and the present circle rate April 2024  is  Rs 19000 per square metre. … Read more

Tax calculation: What LTCG exemptions are available under New Tax Regime? Check details

Tax calculation: What LTCG exemptions are available under New Tax Regime? Check details

In the Union Budget 2024, the capital gains tax regime for short-term capital gains (STCG) and long-term capital gains (LTCG) on different capital assets was changed. Additionally, the Budget adjusted the holding periods for these gains. These changes were implemented to streamline the tax system and promote better adherence to tax regulations. Changes were made … Read more

Budget 2025: LTCG for Mutual Funds got revised in Budget 2024; how investors got impacted

Budget 2025: LTCG for Mutual Funds got revised in Budget 2024; how investors got impacted

Union Budget: The full Budget 2024, which was presented in July, brought about significant alterations to the taxation regulations governing mutual fund investments. Mutual funds are a popular choice of investment. During 2024, the cash reserves of mutual funds rose by Rs 70,081 crore, reaching Rs 1.80 lakh from Rs 1.10 lakh at the beginning … Read more

Tax Query: How taxes are computed on new fund offers (NFOs)? Is there are change introduced in Union Budget 2024?

Tax Query: How taxes are computed on new fund offers (NFOs)? Is there are change introduced in Union Budget 2024?

I am 45 and I have invested in 5 new fund offers in July and August. How are NFOs taxed? Is there are changes introduced in Union Budget 2024? Name withheld on request How much tax do I have to pay? Calculate now Reply by CA (Dr.) Suresh Surana The taxation of NFOs, like other … Read more

Specified mutual fund schemes: How these mutual funds will be taxed after Union Budget 2024?

Specified mutual fund schemes: How these mutual funds will be taxed after Union Budget 2024?

Union Budget taxation: Specified Mutual Fund refers to a type of mutual fund, regardless of its designation, that has a predetermined maturity date. In this fund, a maximum of 35% of the total capital is invested either directly or indirectly in the equity shares of companies within the domestic market.  For the Specified mutual fund … Read more

Bank Fixed Deposits ( FDs) vs Debt funds. What should I choose in this current market conditions?

Bank Fixed Deposits ( FDs) vs Debt funds. What should I choose in this current market conditions?

I am 31 years old and I want to actively invest. Should I go for bank fixed deposits ( FDs) or debt funds. What is your recommendation during the current market conditions? Name withheld Response shared by Jiral Mehta, Senior Research Analyst, FundsIndia. Debt Funds hold several advantages over fixed deposits (FDs). When you invest … Read more