Sunday March 29, 2015
Tax laws allow setting off of losses in against gains in the same category, based on different criteria.
Saturday March 14, 2015
The finance minister's comments came against the backdrop of the tax authorities slapping a $3.2-billion capital gains tax on Cairn India, a part of the Vedanta Group, for a transaction that took place some 10 years ago.
Friday March 13, 2015
Income Tax Department has slapped a Rs 20,495 crore tax demand on Cairn India for failing to deduct withholding tax on alleged capital gains made by its erstwhile promoter, Cairn Energy Plc.
Tuesday February 24, 2015
Sebi, which has conducted preliminary inquiries, has prima-facie observed that companies acting in concert with each other have misused the stock exchange system to generate fictitious long-term capital gains tax, which is tax exempt.
Tuesday February 17, 2015
Industry body CII has sought capital gains tax exemption for REITs.
Thursday July 31, 2014
According to the new tax law, long-term capital gains tax on gold ETFs and gold funds will double from 10 per cent to 20 per cent. What is more, the minimum holding period for to qualify for long-term capital gains tax has also been increased to 36 m...
Friday July 25, 2014
Finance Minister Arun Jaitley today offered partial relief to debt fund investors. Mr Jaitley said that the investors who undertook "transaction of sale of units" between April 1 and July 10 will pay capital long terms gains tax at old rate of 10 per...
Thursday July 24, 2014
The Finance Ministry is examining to tweak the Budget proposal for hiking capital gains tax to 20 per cent for debt mutual funds following representation from the industry, Economic Affairs Secretary Arvind Mayaram said on Wednesday.
Monday July 21, 2014
The Finance Ministry is contemplating to tweak the Budget proposal for hiking capital gains tax to 20 per cent for debt mutual fund investors from prospective effect instead of April 1, 2014, according to a source.
Tuesday July 15, 2014
There could be some relief for investors in debt mutual fund. The higher capital gains tax announced in the Budget would not be applicable retrospectively and be applicable from the Budget Day of July 10, not April 1, sources told NDTV. This could me...
Wednesday July 16, 2014
As per the current income-tax rules, long-term capital gains on sale of a property held for three years, attracts 20 per cent tax. Exemptions are granted under certain conditions. These the proposed changes to the income tax laws.
Wednesday July 16, 2014
Foreign portfolio investors based in the US and the UK and many other countries will soon face the tax heat in India. In the Budget, Finance Minister Arun Jaitley proposed to change tax laws that would treat the income arising to foreign portfolio in...
Sunday July 13, 2014
Finance Minister Arun Jaitley while presenting the budget last Thursday had announced tax incentives like exemption from long-term capital gains tax to popularise REITs, which could be listed on the bourses like company shares and allow retail and in...
Friday July 11, 2014
According to the new tax rules on debt funds, the investor has to hold the funds for at least 36 months to qualify for the 20 per cent capital gains tax. If the debt mutual units are held for less than 36 months, it would be taxed according to the in...
Thursday April 3, 2014
Cairn faces a potential tax demand on an alleged Rs 24,500 crore of capital gains it made when in 2006-07 it transferred all its India assets to a new company, Cairn India.
Wednesday February 19, 2014
The UK telecom company also said it responded in time to all government communication on the conciliation process initiated to resolve the Rs 20,000 crore capital gains tax case arising from its purchase of a stake in Hutchison Essar.
Saturday February 15, 2014
Among some of the best practices followed by top investment managers, tax emerges as an important aspect to be considered. It is common to see advisors in the West talking about pre-tax returns, and more importantly post-tax returns. However, in Indi...
Press Trust of India | Friday January 3, 2014
The company suggested the transfer pricing case be clubbed with the Rs. 11,200 crores capital gains tax dispute.
Thursday January 2, 2014
Vodafone, according to sources, in its response to the Finance Ministry's offer for conciliation, had expressed keenness to settle the long-pending capital gains tax dispute.
Tuesday November 26, 2013
Also, foreign banks who want to convert into a wholly-owned subsidiary will be exempt from capital gains tax, effective April 1, 2013.
Monday November 4, 2013
Indian minority shareholders in Vodafone India, including Analjit Singh, will have to pay 20 per cent capital gains tax after selling their stake to the UK-based parent company, according to a Finance Ministry official.
Friday September 20, 2013
The government has approved a grant of Rs 182 crore to state-owned Heavy Engineering Corporation for meeting its capital gains tax liability.
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.
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.