Capital Gains Tax
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Lok Sabha Passes Bill To Amend Long Term Tax Provision On Properties
The Lok Sabha on Wednesday passed the Finance Bill 2024 after the government relaxed the just-introduced new capital gains tax on real estate.
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Explained: How New Long Term Capital Gains Tax Options Will Boost Real Estate Market
The government's decision to allow taxpayers to pick between two long-term property transactions has brought cheers to the real estate industry, with experts saying that this move will have a very profound impact on both homeowners and homebuyers.
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Nirmala Sitharaman Proposes Amendments To LTCG Tax On Immovable Properties
Nirmala Sitharaman today said the contentious LTCG tax proposal on real estate is being amended to give option to taxpayers to compute tax liability under the old system or at reduced rates without indexation, and pay the lower of the two.
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Relief For Homeowners As Centre Modifies Long Term Capital Gains Tax
The government on Tuesday proposed a relief to taxpayers with respect to capital gain tax on real estate properties by giving them the option to choose between 20 per cent and 12.5 per cent tax rates.
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Tax Body Clarifies Acquisition Cost Of Real Estate Bought Before 2001 For LTCG
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 LTCG.
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Scenarios Where New Long-Term Capital Gains Tax Structure Is Beneficial
One of the benefits of simplification of any tax structure is that it removes differential rates for various classes of assets, Finance Ministry sources said, responding to feedback from the public on the changes in LTCG tax.
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Budget 2024: Government Proposes To Remove Indexation Benefit On Sale Of Old Property
The government on Tuesday proposed reducing the long-term capital gains (LTCG) tax on immovable properties to 12.5 per cent from 20 per cent, but removed the indexation benefits to adjust for inflation, a move experts termed as "negative" for sellers
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Budget 2024: How To Calculate Long-Term And Short-Term Capital Gains After Tax Hike
The Union Budget for 2024-25 has introduced a significant capital gains tax regime adjustment.
-
Income Tax Slabs, Capital Gains: Changes Announced In Budget 2024
Finance Minister Nirmala Sitharaman today presented the government's first budget after the recently concluded Lok Sabha Elections.
-
Rupee Slips To Record Low After Government Raises Tax On Capital Gains
The Indian rupee, teetering at an all-time low, slipped further against the US dollar on Tuesday, pressured by the drop in local equities after the government in the Budget proposed raising the tax rate on capital gains.
-
Long-Term Capital Gains Tax Increased To 12.5% From 10%
An increase in short and long-term taxes on capital gains is set to dig deeper into the pockets of investors.
-
Markets Pare Losses After Budget Jitters Over Capital Gains, Trading Taxes
Indian equities pared most of the losses but still closed in red after hikes in capital gains and securities transaction taxes (STT) in the Union Budget 2024 sparked a massive sell-off earlier in the day.
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Reducing 1 Percent TDS on Crypto Transactions Can Fetch Over Rs. 5,000 Crore for India by 2027: Report
India could fetch Rs. 5,144 crores through capital gains in the next three years by 2026 – only if India revises its crypto laws. The finding was published in a policy paper compiled by the Centre for Tax Laws, Hyderabad-based NALSAR University of Law, and some individual members of the Indian crypto community.
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IRS Expects to See Spike in Crypto Tax Evasion Cases in the US: Report
Arming up to tackle this expected rise in crypto tax evasion cases, the IRS in the US is already forging partnerships with several law enforcement divisions to improve the criminal identification process.
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US President Joe Biden Calls Proposal to Reduce Crypto Tax ‘Unacceptable’ Amid Debt Pressure: Report
US President Joe Biden has outrightly denied even mulling over the proposal for the US to reconsider the tax it has levied on crypto activities. The US levies 10 percent to 37 percent tax on short-term capital gains and crypto income whereas long term capital gains are taxed between zero percent to 20 percent.
-
Lok Sabha Passes Bill To Amend Long Term Tax Provision On Properties
The Lok Sabha on Wednesday passed the Finance Bill 2024 after the government relaxed the just-introduced new capital gains tax on real estate.
-
Explained: How New Long Term Capital Gains Tax Options Will Boost Real Estate Market
The government's decision to allow taxpayers to pick between two long-term property transactions has brought cheers to the real estate industry, with experts saying that this move will have a very profound impact on both homeowners and homebuyers.
-
Nirmala Sitharaman Proposes Amendments To LTCG Tax On Immovable Properties
Nirmala Sitharaman today said the contentious LTCG tax proposal on real estate is being amended to give option to taxpayers to compute tax liability under the old system or at reduced rates without indexation, and pay the lower of the two.
-
Relief For Homeowners As Centre Modifies Long Term Capital Gains Tax
The government on Tuesday proposed a relief to taxpayers with respect to capital gain tax on real estate properties by giving them the option to choose between 20 per cent and 12.5 per cent tax rates.
-
Tax Body Clarifies Acquisition Cost Of Real Estate Bought Before 2001 For LTCG
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 LTCG.
-
Scenarios Where New Long-Term Capital Gains Tax Structure Is Beneficial
One of the benefits of simplification of any tax structure is that it removes differential rates for various classes of assets, Finance Ministry sources said, responding to feedback from the public on the changes in LTCG tax.
-
Budget 2024: Government Proposes To Remove Indexation Benefit On Sale Of Old Property
The government on Tuesday proposed reducing the long-term capital gains (LTCG) tax on immovable properties to 12.5 per cent from 20 per cent, but removed the indexation benefits to adjust for inflation, a move experts termed as "negative" for sellers
-
Budget 2024: How To Calculate Long-Term And Short-Term Capital Gains After Tax Hike
The Union Budget for 2024-25 has introduced a significant capital gains tax regime adjustment.
-
Income Tax Slabs, Capital Gains: Changes Announced In Budget 2024
Finance Minister Nirmala Sitharaman today presented the government's first budget after the recently concluded Lok Sabha Elections.
-
Rupee Slips To Record Low After Government Raises Tax On Capital Gains
The Indian rupee, teetering at an all-time low, slipped further against the US dollar on Tuesday, pressured by the drop in local equities after the government in the Budget proposed raising the tax rate on capital gains.
-
Long-Term Capital Gains Tax Increased To 12.5% From 10%
An increase in short and long-term taxes on capital gains is set to dig deeper into the pockets of investors.
-
Markets Pare Losses After Budget Jitters Over Capital Gains, Trading Taxes
Indian equities pared most of the losses but still closed in red after hikes in capital gains and securities transaction taxes (STT) in the Union Budget 2024 sparked a massive sell-off earlier in the day.
-
Reducing 1 Percent TDS on Crypto Transactions Can Fetch Over Rs. 5,000 Crore for India by 2027: Report
India could fetch Rs. 5,144 crores through capital gains in the next three years by 2026 – only if India revises its crypto laws. The finding was published in a policy paper compiled by the Centre for Tax Laws, Hyderabad-based NALSAR University of Law, and some individual members of the Indian crypto community.
-
IRS Expects to See Spike in Crypto Tax Evasion Cases in the US: Report
Arming up to tackle this expected rise in crypto tax evasion cases, the IRS in the US is already forging partnerships with several law enforcement divisions to improve the criminal identification process.
-
US President Joe Biden Calls Proposal to Reduce Crypto Tax ‘Unacceptable’ Amid Debt Pressure: Report
US President Joe Biden has outrightly denied even mulling over the proposal for the US to reconsider the tax it has levied on crypto activities. The US levies 10 percent to 37 percent tax on short-term capital gains and crypto income whereas long term capital gains are taxed between zero percent to 20 percent.
