RICH INVESTING iDEAS

  Frequently Asked Questions (FAQs) regarding taxation of long-term capital gains(LTCG) proposed in Finance Bill, 2018-reg,   ( This article is the press release of Income Tax Department - FAQ regarding taxation of long term capital gains - Budget India 2018 dated 4th Feb, 2018 ) Under the existing regime, long term capital gains arising from transfer of long term capital assets, being equity shares of a company or a unit of equity oriented fund or a unit of business trust, is exempt from income-tax under clause (38) of section 10 of the Act. However, transactions in such long-term capital assets are liable to securities transaction tax (STT). Consequently, this regime is inherently biased against manufacturing and has encouraged diversion of investment to financial assets. It has also led to significant erosion in the tax base resulting in revenue loss. The problem has been further compounded by abusive use of tax arbitrage opportunities created by these exemptions. 2. In or...

  Long Term Capital Gains Tax - Equity - Explained 2018   Budget India 2018 reported by the Finance minister Mr. Arun jaitley last week (1st Feb, 2018) that everyone was expected on Income Tax slab changes and related on Tax saving things. But, nothing has done on these expectations. The Budget proposed to tax for the equity on Long term Capital Gains (LTCG), and this unseen destined the investors in the market on same day. They started the Long term Capital Gains for equity taxed at 10 % without indexation, if the capital gains exceeding more than 1 lakh rupee. This is applicable too for equity oriented mutual funds. This proposed tax is not a new thing, but before the Former Finance minister Mr. Chidambaram revamping it in the budget 2004-05, proposed to abolish the tax on long term capital gains for equity and recommend to levy a small tax called, 'Securities Transaction Tax (STT) ". Now, Mr. Arun Jaitley brought back this with tax at 10 %, but not removing the Securities ...