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Articles for Indexation, search results for 2023

Bajaj Auto to increase accounting provision for deferred tax by ₹211 crore due to indexation benefit withdrawal
4 months ago

Bajaj Auto to increase accounting provision for deferred tax by ₹211 crore due to indexation benefit withdrawal

Live Mint  

Bajaj Auto Ltd on Monday said due to withdrawal of the indexation benefit and change in tax rate, the accounting provision for deferred tax on investment income needs to be restated. “In compliance with Ind AS 12, the Company was making accounting provisions for Deferred Tax as per applicable law on fair value gains on these investments,” Bajaj Auto said …

Company Bajaj Auto Provision Indexation Deferred Tax
SBS Insight: Young Aussie Jessica Herbert reveals the one mistake she made before going to uni that has lumped her with massive debt
4 months, 3 weeks ago

SBS Insight: Young Aussie Jessica Herbert reveals the one mistake she made before going to uni that has lumped her with massive debt

Daily Mail  

A regretful young Aussie said she should have thought more beforehand about how much it was going to cost her to go to university after racking up $83,000 in student debt. Jessica Herbert, who works in disability and community service, said she would have pursued a career in nursing or teaching to reduce her massive HECS debt The figure is …

Student Debt Masters Cent Herbert Student Debt Hecs
Without indexation, LTCG spikes 2.9 times on properties bought after 2010: Report
4 months, 4 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 …

Report Indexation Ltcg Taxes
HECS-HELP debts are set to rise 4.7 per cent in June. Here's why Nellie's not paying extra this year
8 months ago

HECS-HELP debts are set to rise 4.7 per cent in June. Here's why Nellie's not paying extra this year

ABC  

Editor’s note: After this story was published, the federal government proposed to change the HECS-HELP indexation rate to match whichever is lower out of the Consumer Price Index or the Wage Price Index. The release of March inflation data means student HECS-HELP debts are set to rise by 4.7 per cent on the first of June this year. It might …

Student Help Cent Rate Increase Rogers Hecs
HECS loans have ballooned in the past decade, leaving many workers caught in a 'student debt spiral'
8 months ago

HECS loans have ballooned in the past decade, leaving many workers caught in a 'student debt spiral'

ABC  

Amy Jolliffe's desperation at her ballooning HECS-HELP debt of $64,000, more than twice the average of $26,494, is emblematic of the growing helplessness felt by many graduates years after they've left university. Many now feel they're in a "student debt spiral" and it shows why calls for change have grown so loud that the prime minister all but confirmed there …

Student Student Debt Leanne Spiral Hecs Debts
Indexation and cost of acquisition of an under-construction property
1 year, 1 month ago

Indexation and cost of acquisition of an under-construction property

Live Mint  

How is capital gains calculated on transfer of an under-construction property? Two, how is the indexed cost computed, since the payments for acquisition of the property would have been made over a number of years linked to the progress of construction. Therefore, logically, if one considers the date of booking or allotment of the property as the date of acquisition …

Acquisition Capital Gains Date Short Term Indexation Indexed Property Cost
Debt Mutual Funds Taxation Rules Amended: How Will It Affect Your Investments?
1 year, 8 months ago

Debt Mutual Funds Taxation Rules Amended: How Will It Affect Your Investments?

Live Mint  

When passing the Budget Bill, 2023 in Lok Sabha earlier this week, the central government made amendments to the taxation of debt mutual funds. According to the amendments made in Budget 2023, investments made on or after April 1, 2023, will not be eligible for the indexation benefit for calculating long-term capital gains on debt mutual funds. Due to the …

Tax Income Mutual Funds Rate 2023 Slab Taxed
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 …

Tax Equity Term Funds Debt Mutual Funds Debt Mutual
Finance Bill proposes removal of tax advantage for debt mutual funds
1 year, 9 months ago

Finance Bill proposes removal of tax advantage for debt mutual funds

Live Mint  

Debt mutual funds, which so far enjoyed taxation benefit as long-term capital gains were taxed at 20% with indexation benefit, stand to lose this advantage from 1 April 2023. One such amendment is investments in mutual funds with up to 35% equity exposure to domestic companies, essentially debt funds, are liable to be taxed as per the investors’ income tax …

Tax Debt Mutual Funds Fund Funds Mutual 1 April