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 last Budget, the government had said that currently the amount of income earned from the stock markets that isexempt from this tax works out to Rs 3.76 lakh crore which would translate into a tax collection to the tune of Rs 37,000 crore. In the 2018 Budget, government had imposed 10 per cent levy on capital gains of over Rs 1 lakh without the benefit of indexing, making it co-exist with the securities transaction tax or STT.

Finance Tax Budget Capital Capital Gains Gains Rs 1 Lakh Ltcg Ltcg Tax  capital  ltcg  lakh  gains  2019  hike  budget  continue  tax  rise  increase  rs  imposed  unlikely

History of this topic

Budget 2025: Don't expect these tax changes
13 hours, 47 minutes 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 …

Centre to ease long term capital gains tax for sale of properties
5 months 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
5 months, 1 week 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
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 …

Without indexation, LTCG spikes 2.9 times on properties bought after 2010: Report
5 months, 2 weeks ago

Without indexation, LTCG spikes 2.9 times on properties bought after 2010: Report

Live Mint  

Budget 2024 removed the provision of indexation in the calculation of capital gain tax. This study simulated tax calculations for 10 major cities and found out that LTCG taxes on average increase 2.9 times without indexation benefit. This report showed that without indexation, the long-term capital gains taxes rise significantly for all holding periods. The report also shows that longer …

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, 2 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, 2 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, 2 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 …

Mutual Fund SIP: How Will Budget 2024 Impact Tax Calculations on Capital Gains?
5 months, 2 weeks ago

Mutual Fund SIP: How Will Budget 2024 Impact Tax Calculations on Capital Gains?

News 18  

The Union Budget 2024-25 increased taxes on short-term capital gains and long-term capital gains for equity-oriented funds. The budget, announced on July 23, raises the STCG tax on equity mutual funds to 20% from the previous 15%, while the LTCG tax has increased to 12.5% from 10%. Equity mutual funds remain a popular choice for Indian investors seeking exposure to …

Budget 2024: Stocks wobble on capital gain tax plan
5 months, 2 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, 2 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 …

Sensex, Nifty settle marginally down in volatile trade on eventful Budget day
5 months, 2 weeks ago

Sensex, Nifty settle marginally down in volatile trade on eventful Budget day

The Hindu  

Benchmark Sensex and Nifty settled marginally lower in volatile trade on Tuesday as the government proposed to hike securities transaction tax on futures & options in the budget for 2024-25. The barometer tanked 1,277.76 points or 1.58% to hit a low of 79,224.32 as the Minister announced a hike in STT on F&O trade and an increase in long-term capital …

Budget 2024: Capital gains taxes hiked, indexation benefit discontinued for property sale
5 months, 2 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. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} While the short-term capital gains tax has been increased from 15 per cent to 20 per cent, LTCG will be flat at 12.5 per cent. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} On the positive side, for the benefit of the lower …

Budget 2024: Capital gains taxes hiked, indexation benefit discontinued for property sale
5 months, 2 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 …

Union Budget 2024 India: Sensex, Nifty Take Big Hit As Govt Hikes Capital Gains Tax
5 months, 2 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 …

LTCG and STCG in Budget 2024: FM Sitharaman announces raising of taxes; check new rates here
5 months, 2 weeks 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 …

Budget 2024: Selling old property to attract more tax. Here's why
5 months, 2 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, 2 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 …

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 …

FM Sitharaman Denies Rumors of Sweeping Tax Changes
8 months, 1 week 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 …

Government scraps long-term tax benefit for debt mutual funds investing less than 35% assets in equity
1 year, 9 months ago

Government scraps long-term tax benefit for debt mutual funds investing less than 35% assets in equity

The Hindu  

The government has scrapped the long-term capital gains treatment for income from debt mutual funds and other schemes that invest upto 35% in equity shares of domestic companies. “An arbitrage is being created right now where interest income from debt mutual funds is not distributed and converted into long term capital gains of 20%. “The amendment will treat gains from …

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 …

Jacob Rees-Mogg leads backlash against plan to increase capital gains tax
2 years, 2 months ago

Jacob Rees-Mogg leads backlash against plan to increase capital gains tax

The Telegraph  

Jacob Rees-Mogg has hit out at plans to increase capital gains tax on Friday amid a mounting backlash against proposals to target investors and landlords. In one of his first interventions since resigning from the Cabinet last week, the former Business Secretary suggested that a planned rise in the headline rate of the tax would put the property market at …

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: ’Tax payers hope no new tax as Covid Cess is introduced’
3 years, 11 months ago

Budget 2021: ’Tax payers hope no new tax as Covid Cess is introduced’

Live Mint  

By Nimish Shah In light of the recession caused by Covid 19, the issue of growth versus fiscal discipline for framing the Budget 2021 will be the most debated one by the Government and Finance Ministry. While the next stop would be at around 5.2% for FY22, the trajectory and measures around it could shape the way fixed income and …

Budget 2019: Big business unlikely to get corporate tax relief
5 years, 6 months ago

Budget 2019: Big business unlikely to get corporate tax relief

India Today  

Expectations may be running high but the government is unlikely to go for a cut in corporate tax for large businesses in the Union Budget 2019-20, official sources said on Monday. Industry has pitched for a gradual reduction in corporate tax to 25 per cent from the current 30 per cent, claiming it will bring the tax incidence at par …

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