Budget: Centre proposes to increase STT, capital gains tax
5 months 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 15 per cent. Long-term gains on all financial and non-financial assets will attract a tax rate of 12.5 per cent instead of 10.0 per cent. "Unlisted bonds and debentures, debt mutual funds and market-linked debentures, irrespective of the holding period, however, will attract tax on capital gains at applicable rates," Sitharaman said.

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History of this topic

FM Nirmala Sitharaman announces amendment to LTCG tax proposal, offers new options
4 months, 2 weeks 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 …

Centre to ease long term capital gains tax for sale of properties
4 months, 2 weeks ago

Centre to ease long term capital gains tax for sale of properties

Hindustan Times  

The Narendra Modi government is set to ease long-term capital gains tax for sale of properties proposed in the Union budget 2024, Reuters reported. The Narendra Modi government is set to ease long term capital gains tax for sale of properties proposed in the Union budget 2024 As per the report, in case of the transfer of a long-term capital …

On discarding indexation for long-term capital gains | Explained
4 months, 3 weeks ago

On discarding indexation for long-term capital gains | Explained

The Hindu  

The story so far: Finance Minister Nirmala Sitharaman’s announcement in the Union Budget about doing away with indexation for computing long-term capital gains tax has not drawn much enthusiasm. A memorandum explaining the provisions of the Finance Bill, stated that this was to “ease computation of capital gains for the taxpayer and tax administration”. At the erstwhile 20% rate, they …

India's FY25 Budget Simplifies Capital Gains Tax
4 months, 3 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
4 months, 4 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
4 months, 4 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
4 months, 4 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 …

Union Budget 2024 reforms of the new tax regime may reduce tax burden and allow option to choose again
4 months, 4 weeks ago

Union Budget 2024 reforms of the new tax regime may reduce tax burden and allow option to choose again

Hindustan Times  

Finance Minister Nirmala Sitharaman presented the Union Budget 2024 in the parliament on July 23, proposing new changes in the income tax slabs of the new tax regime. Nirmala Sitharaman pictured at the Lok Sabha on July 23, with the Union Budget What are the latest income tax slabs in the new tax regime? Up to ₹3 lakh: NIL ₹3-7 …

Watch: Budget 2024 | What’s in it for markets and investors?
5 months 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: Capital gains taxes hiked, indexation benefit discontinued for property sale
5 months 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 …

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

LTCG and STCG in Budget 2024: FM Sitharaman announces raising of taxes; check new rates here
5 months ago

LTCG and STCG in Budget 2024: FM Sitharaman announces raising of taxes; check new rates here

Live Mint  

The Finance Minister increased the tax rate on long-term capital gains to 12.5% from 10% and set the exemption limit at ₹ 1.25 lakh per year. In a blow to investors, Finance Minister Nirmala Sitharaman, in her presentation of the Union Budget for FY 2024-25 announced several key tax changes impacting capital gains and trading activities: {{^adFree}} {{/adFree}} Long-Term Capital …

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

Budget 2024: Will Nirmala Sitharaman bring cheer to middle-class with income tax changes?
5 months ago

Budget 2024: Will Nirmala Sitharaman bring cheer to middle-class with income tax changes?

Hindustan Times  

The Union Budget 2024 could provide Income Tax relief for low earners looms large amid rising prices in the country. Experts believe that a reduction in Income Tax could address economic challenges in the country as Finance Minister Nirmala Sitharaman is set to present the Union Budget for the fiscal year 2024-25 on July 23. This change would boost consumption, …

FM Sitharaman Denies Rumors of Sweeping Tax Changes
7 months, 2 weeks ago

FM Sitharaman Denies Rumors of Sweeping Tax Changes

Deccan Chronicle  

New Delhi: After BSE benchmark Sensex crashed 1,100 points following a report that the Income Tax department is planning some sweeping changes after Lok Sabha elections, Union finance minister Nirmala Sitharaman on Friday debunked rumours calling it pure speculation. Pure speculation," Sitharaman wrote on social media platform X, while reacting to a tweet made by a news channel claiming that …

Budget 2023 Key Highlights: Are You Under New Tax Regime? Nirmala Sitharaman Has Good News for You
1 year, 10 months ago

Budget 2023 Key Highlights: Are You Under New Tax Regime? Nirmala Sitharaman Has Good News for You

News 18  

Budget 2023 Highlights: Delivering on the expectations of the aam aadmi, Finance Minister Nirmala Sitharaman today announced Income Tax relief for the salaried class with an eye on the mega 2024 elections as well as several state battles as she delivered the Union Budget 2023 speech. She also announced changes in the tax slabs under the new tax regime, which …

Budget 2023: Will FM Sitharaman revise the long-term pending income tax exemptions limit?
1 year, 10 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: No change in income tax slabs announced
2 years, 10 months ago

Budget 2022: No change in income tax slabs announced

India Today  

Finance Minister Nirmala Sitharaman, while presenting the Union Budget, did not announce any new changes in tax slabs for the personal income tax category. It was highly expected that some incremental changes would be introduced to the current income tax regime, but, no significant change was announced. Read: Budget 2022: What Nirmala Sitharaman said on income tax and return filing …

India Budget 2022: What analysts expect from FM Nirmala Sitharaman
2 years, 10 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: Global debt investors may get tax relief
2 years, 11 months ago

Union Budget 2022-23: Global debt investors may get tax relief

India Today  

Global debt investors may get some relief in the upcoming Budget 2022 as Finance Minister Nirmala Sitharaman may consider a capital gains tax waiver, according to an Economic Times report. If FM Sitharaman announces such measure in her Union Budget speech on February 1, it will pave the way for India's inclusion in the global bond indices of Bloomberg-Barclays and …

Union Budget 2021: Nirmala Sitharaman takes braver route to fix economy by not levying more tax
3 years, 10 months ago

Union Budget 2021: Nirmala Sitharaman takes braver route to fix economy by not levying more tax

Firstpost  

Changes on the indirect tax front are also not significant to qualify as changes large enough to be structural leading to increased demand or increased production of items Budget 2021 was delivered against the backdrop of a global pandemic and all the challenges that it brought along. With the Economic Survey pointing at a deficit in tax collection, largely attributable …

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