Budget 2025: Simplified capital gains tax, enhanced benefits on investors’ budget wish list
4 hours, 13 minutes ago

Budget 2025: Simplified capital gains tax, enhanced benefits on investors’ budget wish list

Live Mint  

Budget 2024 eliminated indexation advantages and rationalized capital gains tax on several products. Union Budget 2025 wish list Streamlining the capital gains tax is still a major priority as the Union Budget 2025 draws near. “Some of the key demands for the rationalization of capital gains tax include lowering tax rates on long-term capital gains, revising the thresholds for LTCG tax, enhancing indexation benefits, increasing threshold limits of deductions like 54, 54F, etc., and other similar measures,” said Sofiya Syed, Direct Tax Division, Dewan P.N. While it's uncertain if FM Sitharaman will concede fully to the demands of capital gains tax rationalization, the market continues to expect some changes that could benefit long-term investors, added Sofiya Syed. For instance, to streamline the capital gains tax structure by aligning tax rates/ period of holding across various sub-asset classes, for instance, treating international equities the same as domestic equities, debt funds the same as gold funds, and gold funds the same as gold ETFs.The hike in short-term rates from 15% to 20% and in long-term rates from 10% to 12.5% has raised investor tax liabilities significantly.

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History of this topic

Budget 2025: Don't expect these tax changes
5 days, 10 hours ago

Budget 2025: Don't expect these tax changes

India Today  

As Budget 2025 draws near, economic experts are weighing in on what this year's financial blueprint might deliver. NO MAJOR CHANGES IN THE OLD TAX REGIME Taxpayers hoping for substantial alterations in the old tax regime may need to temper their expectations. NO MAJOR CHANGES IN TAX STRUCTURE Tax rationalisation has been a recurring theme in recent budgets, with notable …

Budget 2025: Higher exemption limit and lower tax rates? Check top expectations
Trending News
6 days, 10 hours ago

Budget 2025: Higher exemption limit and lower tax rates? Check top expectations

India Today  

The Union Budget 2025-26, scheduled for presentation on February 1, is already generating buzz with expectations of key reforms in the income tax structure. HIGHER TAX EXEMPTION LIMIT Subhash Chand Aggarwal, CMD of SMC Global Securities, predicts further relief for individuals earning up to Rs 15 lakh annually. “Continuing the trend from the 2024 Budget, reduced tax rates for these …

Budget 2025: Easier ITR filing and tax dispute reduction expected, says report
1 week ago

Budget 2025: Easier ITR filing and tax dispute reduction expected, says report

India Today  

The upcoming Union Budget 2025-26 is poised to introduce significant changes to India's tax landscape, aiming to simplify income tax filing and address longstanding tax disputes. According to a Bloomberg report, Finance Minister Nirmala Sitharaman is expected to unveil a comprehensive overhaul of the Income Tax Act, 1961, a move that has been in the works for several months. KEY …

Budget 2025: 5 reforms that could make new tax regime a better deal for you
Trending News
1 week, 5 days ago

Budget 2025: 5 reforms that could make new tax regime a better deal for you

India Today  

Finance Minister Nirmala Sitharaman is expected to present the Union Budget 2025 on February 1, 2025. The new tax regime is expected to take centre stage in the budget, with reforms designed to make it a more attractive alternative to the traditional tax structure. POSSIBLE REFORMS IN THE NEW TAX REGIME The upcoming budget could include several changes to the …

Budget 2025: Will Nirmala Sitharaman address TDS-TCS challenges?
1 week, 5 days ago

Budget 2025: Will Nirmala Sitharaman address TDS-TCS challenges?

India Today  

As the Union Budget 2025-26 draws near, discussions intensify on simplifying India’s tax system. Industry bodies, including the Federation of Indian Chambers of Commerce and Industry, have shared their recommendations with Finance Minister Nirmala Sitharaman, advocating tax reforms to boost the ease of doing business and reduce complexity. SIMPLIFYING TDS-TCS RATES FICCI has proposed reducing the numerous TDS/TCS rates to …

Yearender: From NPS Vatsalya to higher standard deduction, 5 money rules that changed in 2024
2 weeks ago

Yearender: From NPS Vatsalya to higher standard deduction, 5 money rules that changed in 2024

Firstpost  

Apart from introducing changes to the National pension scheme and provding tax relief under the ’new tax regime’, the government also overhauled the capital gains taxation system, tightened TDS on property sale, and raised IMPS money transfer limit The year 2024 was quite eventful in India in terms of what it means for the layperson’s savings and money management. Revised …

Income tax rule: Ten key changes in 2024 that will impact your ITR filing in 2025
2 weeks, 1 day ago

Income tax rule: Ten key changes in 2024 that will impact your ITR filing in 2025

Live Mint  

Income tax rule: As 2024 ends, it's clear that India's financial sector has experienced significant income tax reforms. 1)New regime income tax slabs changed under the new tax regime The new tax regime's revised slabs offer taxpayers potential annual savings of ₹17,500. New regime income tax slab rates Up to ₹3 lakh - Nil ₹3-7 lakh - 5% ₹7-10 lakh …

Budget 2025: When was the last major income tax relief given?
Trending News
2 weeks, 2 days ago

Budget 2025: When was the last major income tax relief given?

India Today  

The Union Budget 2025 is scheduled to be presented on February 1, 2025 as expectations are high among salaried individuals for income tax relief. Economists have also called on the government to cut income tax rates and implement reforms to boost savings and economic growth in the Union Budget 2025, as per media reports. PREVIOUS MAJOR INCOME TAX RELIEF Ajinkya …

Can you expect major income tax changes in Budget 2025? Check details
2 months ago

Can you expect major income tax changes in Budget 2025? Check details

India Today  

The Union Budget 2025-26 is set to usher in a new era of tax simplification in India, with the Finance Ministry working on comprehensive reforms to streamline the income tax system. The proposed reforms focus on three key areas: simplifying tax structures, expanding the tax base, and balancing revenue generation with taxpayer relief. SIMPLER TAX FILING Building on the success …

FM Nirmala Sitharaman announces amendment to LTCG tax proposal, offers new options
5 months, 1 week ago

FM Nirmala Sitharaman announces amendment to LTCG tax proposal, offers new options

Hindustan Times  

Union finance Minister Nirmala Sitharaman on Wednesday announced that the contentious long-term capital gains tax proposal on real estate is being revised. The announcement came after the Budget 2024-25 plan to remove indexation benefits for long-term capital gains on property sales faced strong criticism from opposition parties and tax experts. The Budget presented on July 23 had proposed a reduced …

India's FY25 Budget Simplifies Capital Gains Tax
5 months, 2 weeks ago

India's FY25 Budget Simplifies Capital Gains Tax

Deccan Chronicle  

New Delhi: Revenue secretary Sanjay Malhotra on Friday said the rationalisation of the capital gains taxes on various asset classes in the FY25 Budget is a tax simplification measure as sought by the industry and not to augment revenue. “I wanted to know if the industry was in favour of having different tax rates for different asset classes,” Malhotra said …

Changes in long-term capital gain tax to benefit most real estate investors: Revenue Secy
5 months, 2 weeks ago

Changes in long-term capital gain tax to benefit most real estate investors: Revenue Secy

Hindustan Times  

New Delhi, Jul 24 Revenue Secretary Sanjay Malhotra has said that the changes in Long-Term Capital Gain Tax announced in the Budget by Finance Minister Nirmala Sitharaman will benefit most of the people investing in the real estate sector. The Budget has lowered the LTCG from 20 per cent to 12.5 per cent but removed the indexation benefits. This will …

Budget 2024: Taxation related to capital gains in equity market transactions will affect you— THIS is how
5 months, 3 weeks ago

Budget 2024: Taxation related to capital gains in equity market transactions will affect you— THIS is how

Live Mint  

Proposed tax changes by Finance Minister include higher rates for capital gains on equity investments and increased STT on derivative transactions. Buyback shares to be treated as dividends, affecting cash flow of small shareholders Finance Minister Nirmala Sitharaman has proposed drastic changes in capital gains taxation. {{^adFree}} {{/adFree}} Increase in the tax rate and enhanced tax-free amount of long-term capital …

Budget 2024 | STT hike to curb excessive speculation in F&O market: Sunil Damania of MojoPMS
5 months, 3 weeks ago

Budget 2024 | STT hike to curb excessive speculation in F&O market: Sunil Damania of MojoPMS

Live Mint  

Budget 2024: In a significant blow to Futures and Options traders that also spooked stock market sentiments, Finance Minister Nirmala Sitharaman declared raising the securities transaction tax, rate from 0.01 per cent to 0.02 per cent while presenting Union Budget 2024 on July 23. {{^adFree}} {{/adFree}} Sitharaman also announced an increase in long-term and short-term capital gains as part of …

Budget 2024: How will capital gains tax tweaks impact taxpayers? Beneficial, says I-T department. Here's the math
5 months, 3 weeks ago

Budget 2024: How will capital gains tax tweaks impact taxpayers? Beneficial, says I-T department. Here's the math

Live Mint  

Budget 2024: With too many capital gains tax-related changes coming into force, that too with immediate effect, taxpayers are anxious about the impact on their tax liability. {{^adFree}} {{/adFree}} The changes include raising the tax rate on long-term capital gains on equity from 10 per cent to 12.5 per cent, while the tax rate on short-term capital gains on equity …

Budget 2024 has laudable goals but misses a few tricks
5 months, 3 weeks ago

Budget 2024 has laudable goals but misses a few tricks

Live Mint  

The Union budget 2024-25 was presented in Parliament by a coalition government. The increase in short term capital gains tax on listed shares from 15% to 20% is actually an increase from around 18% to around 24% with surcharge and cess factored in. REITs and InvITs will also be affected by the higher long term capital gains tax, but the …

2001: The year that divides property sellers under new Budget tax rules
5 months, 3 weeks ago

2001: The year that divides property sellers under new Budget tax rules

Hindustan Times  

Union finance minister Nirmala Sitharaman's budget speech outlined some changes to the direct and indirect tax regimes. One of the most striking changes pertains to the LTCG tax and indexation benefits, creating a distinct divide among property sellers based on the purchase or inheritance date of their properties, with 2001 being the critical year. As per the Memorandum to the …

Budget 2024: Stocks wobble on capital gain tax plan
5 months, 3 weeks ago

Budget 2024: Stocks wobble on capital gain tax plan

The Hindu  

The stock markets reacted negatively to the Budgetary provisions concerning additional tax burden on investors and closed in the negative territory led by losses in banking stocks after undergoing high volatility. The market reacted because the increase in capital gain tax has been viewed as a negative for the investors and the 5% increase in Short Term Capital Gain tax …

Watch: Budget 2024 | What’s in it for markets and investors?
5 months, 3 weeks ago

Watch: Budget 2024 | What’s in it for markets and investors?

The Hindu  

On July 23, the Finance Minister Nirmala Sitharaman presented the first full budget of the 3rd term of the NDA government. For deepening tax base the Finance Minister has proposed to increase Securities Transaction Tax on Futures and Options contracts to 0.2% and 0.1%, respectively. As per the budget proposals now unlisted bonds and debentures, debt mutual funds and market-linked …

Budget 2024: A case for HNIs to revise investment portfolios
5 months, 3 weeks ago

Budget 2024: A case for HNIs to revise investment portfolios

Live Mint  

In a groundbreaking move, the Union Budget 2024-25 has introduced sweeping changes to the capital gains tax regime. View Full Image Graphic by Pranay Bhardwaj Lucrative option in ETFs In a similar vein, the budget aligns the tax rates on gold and silver exchange-traded funds with those of listed equities, offering investors a more straightforward and potentially more lucrative option …

Budget 2024: Capital gains taxes hiked, indexation benefit discontinued for property sale
5 months, 3 weeks ago

Budget 2024: Capital gains taxes hiked, indexation benefit discontinued for property sale

Hindustan Times  

Finance Minister Nirmala Sitharaman on Tuesday announced an increase in both long-term and short-term capital gains tax. On the positive side, for the benefit of the lower and middle-income classes, Nirmala Sitharaman proposed to increase the limit of exemption of capital gains on certain listed financial assets from ₹1 lakh to ₹1.25 lakh per year. "Unlisted bonds and debentures, debt …

Budget: Centre proposes to increase STT, capital gains tax
5 months, 3 weeks ago

Budget: Centre proposes to increase STT, capital gains tax

Hindustan Times  

Finance Minister Nirmala Sithraman on Tuesday said the government has decided to increase the rate of securities transaction tax on futures and options trade. Meanwhile, Sitharaman also announced an increase in both long-term and short-term capital gains tax. Sitharaman announced that short-term capital gains on "specified" financial assets will henceforth attract a tax rate of 20 per cent instead of …

Union Budget 2024 India: Sensex, Nifty Take Big Hit As Govt Hikes Capital Gains Tax
5 months, 3 weeks ago

Union Budget 2024 India: Sensex, Nifty Take Big Hit As Govt Hikes Capital Gains Tax

ABP News  

Union Budget 2024 India: The two key equity benchmarks, Sensex and Nifty, slumped lower during the Budget presentation as Indian investors will need to allocate a larger chunk of their earnings to taxes as the government raises both short- and long-term capital gains taxes. Finance Minister Nirmala Sitharaman, presenting her seventh Budget in Parliament on Tuesday, announced that the Long …

Budget 2024 Capital Gains taxation: Corporate tax for foreign companies slashed to 35%, charities, cruise operations taxation revised
5 months, 3 weeks ago

Budget 2024 Capital Gains taxation: Corporate tax for foreign companies slashed to 35%, charities, cruise operations taxation revised

The Hindu  

Simplifying the tax regime for corporate industries, Union Finance Nirmala Sitharaman on Tuesday, proposed new tax structures for charities, foreign shipping companies, rationalisation of capital gains in her 2024 Budget speech. Ms. Sitharaman’s speech lasted just shy of ninety minutes “58% of corporate tax came from the simplified tax regime in 2022-23 and more than 2/3rd of taxpayers have used …

Budget 2024 announcements on new tax regime: Standard deduction increased, check new tax slabs
5 months, 3 weeks ago

Budget 2024 announcements on new tax regime: Standard deduction increased, check new tax slabs

India TV News  

Finance Minister Nirmala Sitharaman on Tuesday presented her seventh straight Budget for the fiscal 2024-25. Informing that fiscal deficit estimated at 4.9% of GDP, Sitharaman said that the people have reposed their faith in the government led by PM Modi and re-elected it for the historic third term. Sitharaman said, "I announce a comprehensive review of the Income Tax Act …

Budget 2024: Selling old property to attract more tax. Here's why
5 months, 3 weeks ago

Budget 2024: Selling old property to attract more tax. Here's why

India Today  

If you are planning to sell your old property, prepare for higher taxes on the transaction following the Union Budget 2024-25. During her speech, Finance Minister Nirmala Sitharaman announced changes to long-term capital gains taxation, including the removal of the indexation benefit for capital gains tax on real estate sales, which will affect most property owners. In an effort to …

Big change in capital gains tax, LTCG increased to 12.5%. Check details
5 months, 3 weeks ago

Big change in capital gains tax, LTCG increased to 12.5%. Check details

India Today  

Finance Minister Nirmala Sitharaman announced key changes to capital gains taxation in her seventh Budget. The Long Term Capital Gains tax will rise from 10% to 12.5%, and the Short Term Capital Gains tax on certain assets will increase from 15% to 20%. "Short term gains on certain financial assets shall henceforth attract a tax rate of 20%, while that …

Union Budget 2024: How will the stock market react to capital gains tax changes in the budget?
5 months, 3 weeks ago

Union Budget 2024: How will the stock market react to capital gains tax changes in the budget?

Hindustan Times  

With the Union Budget 2024 scheduled to be presented by Finance Minister Nirmala Sitharaman on July 23, how the markets may react is a key concern. That is the reason why markets could see a potential rally if the government decides to reduce capital gains tax and vice versa. What do experts say on the matter of capital gains tax …

Jefferies' Chris Wood on Budget 2024: India should have no capital gains tax
5 months, 3 weeks ago

Jefferies' Chris Wood on Budget 2024: India should have no capital gains tax

Hindustan Times  

Global Equity Strategist at Jefferies Christopher Wood said that there should be no capital gains tax in the current scenario in India ahead of the Union Budget presentation by finance minister Nirmala Sitharaman. Giving example of Hong Kong, Christopher Wood told CNBC TV18 that the absence of these taxes could stimulate greater investment and market expansion. Experts said that a …

Crypto Tax In India: The Current State & How Union Budget 2024 Can Help
5 months, 4 weeks ago

Crypto Tax In India: The Current State & How Union Budget 2024 Can Help

ABP News  

As the global crypto markets are on a bull run, the excitement among Indian investors is also palpable. With the Union Budget 2024 on the horizon, understanding the current tax framework and anticipating potential changes can help investors make informed decisions and optimise their portfolios. Anticipated Changes In Union Budget 2024 As we approach the Union Budget 2024, several potential …

CII Budget Wishlist: Revised Tax Returns Deadline Extension, Urges Capital Gains Overhaul
11 months, 3 weeks ago

CII Budget Wishlist: Revised Tax Returns Deadline Extension, Urges Capital Gains Overhaul

News 18  

Budget 2024 Expectations: The Confederation of Indian Industry has unveiled its set of recommendations for Budget 2024, focusing on simplifying personal taxation. The proposals include suggestions regarding capital gains tax and the timeframe for filing tax returns, among other key aspects. Share Buyback Taxation: Currently, under the open market route, the company incurs a buyback tax of 20 percent on …

Budget 2023: Will FM Sitharaman revise the long-term pending income tax exemptions limit?
1 year, 11 months ago

Budget 2023: Will FM Sitharaman revise the long-term pending income tax exemptions limit?

India TV News  

Budget 2023: As the Union Budget 2023 would be the last full term budget to be presented before the 2024 Lok Sabha elections, there are high hopes that Finance Minister Nirmala Sitharaman will change the tax rates for Indian taxpayers. In addition, key decisions regarding the long-term capital gains tax on equity investment and measures to increase demand for the …

Budget 2023: Why investors wish for easing in long term capital gains?
1 year, 11 months ago

Budget 2023: Why investors wish for easing in long term capital gains?

Live Mint  

Simplification in the tax structure such as long-term and short-term capital gains are some of the tax reliefs investors are hoping for in the upcoming Budget of 2023. However, Vijayakumar added that one reform that is overdue is the simplification of the capital gains tax regime which is presently very complex with different rates for different assets and different holding …

ICYMI: The history of capital gains tax in India
1 year, 11 months ago

ICYMI: The history of capital gains tax in India

Live Mint  

This article was first published on 19 January 2023, in the run up to the Union Budget for fiscal year 2024. From having a debate on whether capital gains tax would discourage investments to bringing in various provisions in the tax book on how to levy tax in diverse scenarios, India has come a long way. But Union budget 1956-57 …

Budget 2022: 8 key tax-related expectations
2 years, 11 months ago

Budget 2022: 8 key tax-related expectations

India Today  

Finance Minister Nirmala Sitharaman is set to present her fourth Union Budget on Tuesday at a time when India’s economic recovery faces fresh challenges. Here are top expectations of taxpayers and corporates: DIRECT TAXES In the Union Budget 2022, 80C deduction available up to Rs 1.5 lakh a year should be revised upwards significantly. INDIRECT TAXES Rationalisation of Customs duty …

India Budget 2022: What analysts expect from FM Nirmala Sitharaman
2 years, 11 months ago

India Budget 2022: What analysts expect from FM Nirmala Sitharaman

Live Mint  

All eyes are on the announcements of Budget 2022 that will be introduced in the Parliament on February 1 by Finance Minister Nirmala Sitharaman. The market wants Budget to be reformist and pro-growth where last year’s Budget headed in the right direction, therefore, needs further momentum to reforms and growth in the upcoming Budget, as per analysts. So, it's high …

Union Budget 2022-23: Why salaried class may not get big income tax relief
2 years, 11 months ago

Union Budget 2022-23: Why salaried class may not get big income tax relief

India Today  

Stagnant income and risk of inflation due to the Covid-19 pandemic severely crippled the salaried class in the country over the past two years. Many people have sought income tax relief from the government in the upcoming Union Budget 2022-23. TAXPAYERS' WISHLIST A survey conducted by world's leading accounting firm KPMG indicated that most respondents expect an enhancement in the …

Capital Gains to Increase in Spending Power, Here's What the Common Man Expects from Budget 2021
3 years, 11 months ago

Capital Gains to Increase in Spending Power, Here's What the Common Man Expects from Budget 2021

News 18  

With India slowly recovering from the pandemic, the public is hopeful of buoyancy in the economy and the introduction of a taxpayer-friendly budget. Thus public expects that Budget 2021 should introduce measures that would provide certain tax benefits for employees. Increase in Spending Power of the Consumer From the taxation point of view, experts say the budget must bring in …

Budget 2021: Yes Securities expects income tax benefit u/s 80C at ₹2.5 lakh
3 years, 11 months ago

Budget 2021: Yes Securities expects income tax benefit u/s 80C at ₹2.5 lakh

Live Mint  

Although it is widely feared that India’s fiscal deficit could reach around 7.5% of GDP given the dislocation of the economy during the pandemic, analysts assess that the budgetary shortfall will be much lower than the consensus. As a result, we see a fiscal deficit of 11.9 trillion or 6.1% of GDP," says Yes Securities. Yes Securities believe, the thrust …

Budget 2020: Finance Minister Nirmala Sitharaman must consider announcement of implementation of proposed Direct Tax Code
4 years, 11 months ago

Budget 2020: Finance Minister Nirmala Sitharaman must consider announcement of implementation of proposed Direct Tax Code

Firstpost  

One of the major demands of corporates is that the government should replace the dividend distribution tax on dividends with the withholding tax on dividends The year 2019 posed several challenges to the Indian economy. All eyes are now on the upcoming India Union Budget 2020 with expectations that the finance minister will announce a series of measures to pump …

Finance ministry looks to widen tax base in FY21 budget
5 years, 2 months ago

Finance ministry looks to widen tax base in FY21 budget

Live Mint  

New Delhi: The finance ministry is examining ways to widen the tax base in the FY21 Union Budget by plugging loopholes in the law, especially in areas of tax exemptions and concessional tax schemes. A government official, who spoke on condition of anonymity, said policy makers will leverage the immense amount of data that the direct and indirect tax authorities …

Budget 2019: Tax on capital gains may continue this year, rise from 10% unlikely
5 years, 6 months ago

Budget 2019: Tax on capital gains may continue this year, rise from 10% unlikely

India Today  

The 10 per cent long-term capital gains tax imposed on profit above Rs 1 lakh in the last Budget will, in all probability, continue in this year's Budget, sources said. Market participants are now worried over the possibility of a hike in the long term capital gains tax to increase the revenue of the government. After the announcement in the …

Budget 2019: Industry wants clarity in e-KYC norms, rationalisation in GST and increase in tax deduction limits
5 years, 11 months ago

Budget 2019: Industry wants clarity in e-KYC norms, rationalisation in GST and increase in tax deduction limits

Firstpost  

The government may come out with new policies or benefits even though this is only an interim budget, says India Inc Finance minister Arun Jaitley will present the interim budge for 2019-20 fiscal on February, 2019. In order to build investor confidence, hope the government lessens regulatory compliance and introduces certain tax reliefs such as extending the tax exemption window …

IPOs, FPOs, ESoPs exempt from STT for availing concessional LTCG tax
6 years, 3 months ago

IPOs, FPOs, ESoPs exempt from STT for availing concessional LTCG tax

Live Mint  

New Delhi: Initial public offerings, bonus, rights issues and ESoPs will be eligible for concessional rate of 10 per cent long-term capital gains tax even if the Securities Transaction Tax has not been paid earlier. The finance ministry also decided to exempt certain transaction from payment of STT for availing the concessional 10 per cent LTCG rate. Also the off-market …

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