Capital Gains Tax

Government announces norms for National Investment and Manufacturing Zones

Friday March 22, 2013

To promote manufacturing in the country, the government on Friday issued norms for setting up of National Investment and Manufacturing Zones (NIMZs) with host of benefits, including exemption from capital gains tax.

5 points to remember while selling your house

Friday February 8, 2013

The income tax department considers property to be an asset. Any profit you earn by selling it attracts a capital gains tax.

Buying a holiday home? Keep these points in mind

Thursday February 7, 2013

You are more likely to earn income on your holiday home if it's in a location that is preferred by all.

Rupee gains 93 paise to end at over 4-month high above 53-mark

Friday September 21, 2012

The rupee today gained a hefty 93 paise to close at over 4-month high of 53.45 on massive USD 430 million capital inflows, amid government lowering a tax for overseas borrowing by local companies and easing of recent political worries.

Finance Ministry rejects Vodafone's rejoinder on retrospective tax

Sapna Das | Tuesday July 10, 2012

The Finance Ministry has rejected telecom operator Vodafone’s rejoinder, seeking an undertaking that a retrospective tax amendment would not apply to it. The Finance Ministry’s reply will now go to the Prime Minister Office for approval. Under th...

Retrospective tax: 5 deals in litigation over capital gains

Vijay Ganeshan | Wednesday May 30, 2012

Vodafone Group's 2007 acquisition of Hutchison Essar may be the most high-profile capital gains tax case but there are others, too. Here are 5 cases that are in the courts.

GAAR deferred but new tax rule may keep foreign investors away

Sunday May 20, 2012

Foreign investors may be relieved over GAAR tax proposals being pushed back but a new taxation framework could make their India investments riskier. The proposals, that are a part of the Finance Bill, state that capital gains arising from the transfe...

Govt slashes capital gains tax for private equity investors

Monday May 7, 2012

India will slash the tax on long-term capital gains for private-equity investors to 10 per cent from 20 per cent, a finance ministry statement said on Monday.

Highlights of the Finance Bill: Amendments can't override tax treaties

Monday May 7, 2012

Pranab Mukherjee presented a number of clarifications in the Finance Bill for financial 2012-13. Here is a guide

Vodafone CEO meets Pranab, seeks tax exemption

Tuesday May 1, 2012

India wants Vodafone to pay capital gains tax on its deal with Essar, which the telco is opposing.

Finance Ministry may cut capital gains tax on private equity investments

Monday April 23, 2012

TRAI also recommends that spectrum to be assigned through auction shall be liberalized.

We will examine Vodafone notice, says Pranab

Wednesday April 18, 2012

The finance minister has said the government will examine Vodafone's notice seeking international arbitration in a tax-related case.

FIIs to pay capital gains tax under GAAR ‘impermissibility’

Monday May 7, 2012

FIIs that they have to pay short term capital gains tax on transactions that were deemed impermissible.

Panel report on direct tax code bill submitted ahead of budget

Friday March 9, 2012

The standing committee on finance, headed by Yashwant Sinha and comprising other members of Parliament, has submitted their report on the Direct Tax Code or DTC Bill to the Parliament on Friday. The report recommends, among other things, an increase ...

Cannot impose capital gains tax on Mauritius-routed funds: Govt

NDTV Correspondent | Saturday November 26, 2011

Amidst panic in the stock market over double tax avoidance treaty with Mauritius, government on Monday said India "cannot impose arbitrarily" capital gains tax on investment routed through the island nation. "How can you do that? There has to be some agreement on that. Right now, it is not t...