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
BUDGET 2024: In a shock to stock market investors, Finance Minister Nirmala Sitharaman on Tuesday announced an increase in both long-term and short-term capital gains tax. FM Sitharaman said that going forward, short-term capital gains on specific financial assets will be subject to a tax rate of 20%, a 5% increase from the previous rate of … Read more
An MLD is a type of debenture that does not pay any coupon before maturity. Synopsis “Wealthy investors are now looking short term as the interest rate cycle will likely turn after 12-18 months,” said Ajay Manglunia, head of debt capital market at JM Financial. “MLDs are gaining popularity in this environment as the absolute … Read more
An MLD is a type of debenture that does not pay any coupon before maturity. Synopsis “Wealthy investors are now looking short term as the interest rate cycle will likely turn after 12-18 months,” said Ajay Manglunia, head of debt capital market at JM Financial. “MLDs are gaining popularity in this environment as the absolute … Read more