Browsing Tag
capital gains
Buy debt funds before March 31 to grab indexation benefit – Times of India
Worried by the removal of the indexation benefit on long-term capital gains from debt, gold and foreign equity mutual funds? Investors have a small window of opportunity till March 31, thanks to a grandfathering clause in the amended law.…
Instant View: Centre To Tax Gains From Debt Mutual Funds
<!-- -->The move could strip investors of the long-term tax benefits that made such investments popular.India will tax investments in debt mutual funds as short-term capital gains, according to a source with knowledge of the matter, a…
Don’t skip ITR: Taxman to foreign companies
Many foreign companies, offshore funds and non-resident outfits have had to take a call over the past fortnight on a matter that most overseas entities steer clear of for as long as they can - filing returns with the Indian Income Tax (I-T)…
Several FPIs, AIFs get tax notice for errors in returns
The Income Tax Department has sent notices to dozens of foreign portfolio investors (FPIs) and alternative investment funds (AIFs), flagging discrepancies in their tax returns.
These tax red flags include errors in capital gains tax…
Centre Likely To Simplify Capital Gains Tax Regime: Report
<!-- -->Currently, the tax rate for long-term capital gains is 20%. (Representational)New Delhi: The central government could make changes to the current capital tax regime to simplify the system. This may include rationalisation of…
Capital gains tax on ULIP income part of last Budget – Times of India
NEW DELHI: The government has not imposed any new tax on unit-linked insurance plans (ULIPs) but has merely implemented last year’s Budget announcement through a circular, tax department sources said on Monday. Finance Act 2021 also…