News Muncher - searching for gains - category indexation benefits

Ahead of Budget 2025, the Association of Mutual Funds in India has made a set of demands to favour the mutual fund industry. Restoring indexation benefits for debt funds and rationalizing the capital gains tax regime, as well as the introduction of a Debt-Linked Savings Scheme, can significantly bolster long-term savings and develop the Indian bond market,” says Venkat Chalasani, …

Relief for homeowners: Realty experts welcome Centre’s decision to ease long term capital gains tax for sale of property

In a major relief to homeowners who bought properties before July 23, 2024, the government has proposed an amendment to the long-term capital gains tax giving them an option to choose between the lower tax rate of 12.5% without indexation or a higher rate of 20% with indexation of properties acquired before July this year. Real estate and tax experts …

Capital Gains Tax

In the Union Budget 2024, Finance Minister Nirmala Sitharaman announced revisions to the capital gains tax rates and adjustments to the indexation benefits for various assets, including real estate. Cost of Index Cost of Index Selling Date 30-07-2024 363 Date of Acquisition 01-04-2012 200 Indexed Profit Profit w/o Index Sale Value 40,00,000 40,00,000 Cost 45,37,500 25,00,000 Loss -5,37,500 15,00,000 Tax …

Capital Gains Tax On Mutual Fund Earnings: How Much Tax You Will Pay On Rs 5 Lakh?

The Union Budget 2024 introduced significant changes to capital gains tax rates, impacting both short-term and long-term capital gains from equity and equity-oriented mutual funds. Nirmala Sitharaman announced two changes to capital gains tax rates that will affect mutual fund investors’ earnings. Short-term capital gains tax applies to mutual fund investments held for less than a year, while long-term capital …

Gains

Enhancing Investor Returns: A Proposal to Revise Capital Gains Tax for Debt Mutual Funds

In recent years, the realm of investment has witnessed a surge in the popularity of debt mutual funds as a lucrative avenue for generating steady returns while managing risk. However, amidst the evolving landscape of taxation policies, there arises a pressing need to reevaluate the existing capital gains tax regime governing debt mutual funds. To address this, a proposed revision …