Press Trust of India | Sunday October 25, 2015
To check tax evasion and attract more retail investors to stock markets, stock exchange BSE has proposed that the securities transaction tax (STT) should be substituted by long-term capital gains tax (LTCG) on equities.
Press Trust of India | Thursday October 1, 2015
Earlier this month, the government had exempted foreign institutional and portfolio investors from payment of MAT on the capital gains made by them before April 1, 2015.
NDTV | Tuesday September 1, 2015
In a move to placate foreign investors, the government has accepted a report on minimum alternate tax or MAT which recommends a waiver of tax on capital gains of earlier years.
Press Trust of India | Sunday August 23, 2015
As it steps up its crackdown on tax evasion and laundering of black money through stock markets, capital market regulator Securities and Exchange Board of India (Sebi) has busted an 'innovative' scheme wherein HNIs (high net worth individuals) were incurring 'bogus losses' to offset tax liabilities.
Press Trust of India | Friday July 10, 2015
The BSE or Bombay Stock Exchange on Thursday called for ending exemption of capital gains tax on securities to contain various entities using capital markets to evade taxes and launder money.
Tuesday June 16, 2015
In a breather for investors, the Central Bank of Direct Taxes (CBDT) on Tuesday said taxmen will not resort to coercive methods to recover dues towards Minimum Alternate Tax (MAT) on capital gains made by foreign institutional investors (FIIs) and will wait for the Supreme Court's order on the issue.
Wednesday May 20, 2015
The bonus stripping typically involves an investor buying a bonus plan of a mutual fund scheme, book a loss on it and then set it off against capital gains from other sources.
Friday May 8, 2015
Indian stock markets and the rupee are likely to open higher on Friday tracking gains across global markets and on the back of some positive news on the tax row that has triggered capital outflows from the stock and bond markets.
Wednesday April 15, 2015
Finance Minister Arun Jaitley on Tuesday said the government will press ahead with Rs 40,000 crore tax demands on foreign institutional investors (FII) for capital gains made during previous years. The finance minister told NDTV that the tax demand was made in accordance with a law brought by the previous government and upheld by a tribunal.
Sunday April 12, 2015
In a major relief to investors, the rollover of mutual fund fixed maturity plans (FMP) beyond 36 months will not attract capital gains. A tax of 20 per cent will be charged at the time of redemption of plans.
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 months, from 12 months.
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 cent, not 20 per cent.
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 mean that investors who sold units between April 1 and July 10 will pay capital gains tax at 10 per ce...
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 investors from transaction in securities as capital gains rather than business income.
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 institutional investors to buy or sell those securities.
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 investor's tax slab.