short-term capital gains

Gold investment: What do you need to know when you are selling your gold jewellery, Gold ETFs

by
Gold investment: What do you need to know when you are selling your gold jewellery, Gold ETFs

The capital gains taxation rules on gold saw significant alterations from July 23, 2024. These changes affect all asset classes, including gold, mutual funds, and real estate, substantially impacting investors and sellers of gold jewellery. The adjustments were introduced to harmonise tax treatments across various investment categories, bringing clarity and uniformity to the taxation process … Read more

What is tax loss harvesting? How can you save taxes if you are facing stock market losses?

by
What is tax loss harvesting? How can you save taxes if you are facing stock market losses?

ITR filing 2025: When it comes to paying taxes on equities, you are only required to pay income tax when you decide to sell your holdings. This means that while you are responsible for paying taxes on your gains, you also have the opportunity to offset any losses incurred.  Tax-loss harvesting is a tax-saving strategy … Read more

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

by
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

by
‘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

by
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

by
‘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

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

by
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

ITR filing: Taxpayers can now claim rebate under Section 87A; updated ITR forms 2, 3 to be available shortly

by
ITR filing: Taxpayers can now claim rebate under Section 87A; updated ITR forms 2, 3 to be available shortly

ITR filing: The Income Tax Department has provided a significant update by allowing taxpayers who qualify for the section 87A tax rebate for the financial year 2023-24 to claim it now. In a notification issued on December 31, 2024, the tax department stated that eligible taxpayers will soon be able to submit a revised or … Read more

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

by
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?

by
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