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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 …

Tax

Inheritance Tax Re-Introduction: 4 effective succession planning tips for HNIs

The recent news on the re-introduction of inheritance tax has made a lot of people panic. However, inheritance tax might be only applicable to families and individuals whose estate value exceeds a certain threshold limit. The reduced estate value may fall below the threshold that triggers inheritance taxes, or at least lower the total tax liability,” said Sneha Makhija - …

I-T dept initiates comprehensive profiling of HNIs involved in tax evasion

The Income Tax Department is fully prepared to take stringent action against high-net-worth individuals who engage in tax underpayment, according to Financial Express. This decision follows the department's discovery that the reduction in the highest tax rate on personal income from 42.74% to 39% in the FY24 Budget has not deterred tax evasion among HNIs. In this year's Budget, the …

Tax Evasion

The Many Symptoms Of Tax-Efficient Behaviours

Taxes are a big levy on regular income of a person, or a corporate body. A new book titled Loophole Games: A Treatise on Tax Avoidance, written by Smarak Swain, reveals these many methods of dodging taxes. Through a process called externalization, many Indian start-ups are creating offshore parent companies, so that they can shift their profits to the parent …

Taxes

Tax implication on migration of high net-worth individuals

Historically, individuals have migrated from one country to another for various social and economic reasons like better quality of living, education, employment and business opportunities, law and order conditions. Under Indian tax laws, tax residential status depends on a combination of stay days in India during the current fiscal year and previous fiscal years. In that case, foreign assets acquired …