rent scheme pension centrelink set regime pay benefits impact foreign central gains ltcg average cent benefit fm cost salary provision cut nirmala estate system old sgb stocks living changes fixed

Articles for Indexation, search results for rate

JobSeeker, age pension are among Centrelink payments increasing
3 months ago

JobSeeker, age pension are among Centrelink payments increasing

ABC  

Centrelink payments such as JobSeeker, age pension will all rise as the latest indexation takes effect from Friday. Age pension Carer payment Parenting payment JobSeeker payment Rent assistance How much will the age pension increase by? The same increase will apply to the Disability Support Pension and carer payment taking the total per fortnight, including energy supplement, to $1,144.40 for …

Pension Social Services Payment Increase Receive Fortnight Indexation
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
Nirmala Sitharaman on LTCG amendment: 'We have courage to change'
4 months, 2 weeks ago

Nirmala Sitharaman on LTCG amendment: 'We have courage to change'

Hindustan Times  

Finance minister Nirmala Sitharaman said that the new amendments to Finance Bill 2024 will not impose any additional tax burden concerning the long-term capital gains tax on real estate sales. Replying to the House discussion on the Finance Bill in the Lok Sabha, the minister said: “Every time we present the Budget…I have gone around the country to various destinations, …

Tax Budget Lok Sabha Nirmala Sitharaman Ltcg
Capital gains tax on real estate: Lok Sabha passes Finance Bill, amends LTCG tax provision on immovable properties
4 months, 2 weeks ago

Capital gains tax on real estate: Lok Sabha passes Finance Bill, amends LTCG tax provision on immovable properties

The Hindu  

The Finance Bill 2024 was passed in the Lok Sabha on Wednesday with an amendment relaxing the recently introduced new capital gains tax on real estate. The amendment comes after a proposal to remove indexation benefit in calculation of long-term capital gains on sale of immovable properties in the Budget 2024-25 had evoked criticism from various corners, including Opposition parties …

Finance Tax Budget Lok Sabha Amendment Sitharaman Gst
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 …

Finance Tax Budget Pay Capital Lok Sabha Pti
Parliament Monsoon Session: Lok Sabha passes Finance Bill 2024
4 months, 2 weeks ago

Parliament Monsoon Session: Lok Sabha passes Finance Bill 2024

India TV News  

Parliament Session: The Lok Sabha today passed the Finance Bill 2024 after the government relaxed the just-introduced new capital gains tax on real estate, allowing taxpayers an option to switch to a new lower tax rate or stay with the old regime that had higher rate with indexation benefit. Finance Minister Nirmala Sitharaman, who in her Budget for 2024-25 proposed …

Real Estate Parliament Bill Indexation Indexation Benefit Tax Rate Passes Finance
Indexation back in real estate as taxpayers get rate choices
4 months, 2 weeks ago

Indexation back in real estate as taxpayers get rate choices

Hindustan Times  

The Union government on Tuesday softened its stand on a controversial budget proposal to remove indexation for computing long-term capital gains tax on real estate and gave citizens an option to choose between the old regime of 20% levy with indexation and the new system of 12.5% tax without indexation. “In the case of transfer of a long-term capital asset, …

Tax Budget Capital Lok Sabha Gains Indexation Rate Choices
Relief for homeowners: Realty experts welcome Centre’s decision to ease long term capital gains tax for sale of property
4 months, 2 weeks ago

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

Hindustan Times  

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 …

Real Estate Properties Tax Property Sale Capital Gains Tax Relief
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
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 …

Tax Capital Price Capital Gains Real Rate Lakh
2001: The year that divides property sellers under new Budget tax rules
5 months ago

2001: The year that divides property sellers under new Budget tax rules

Hindustan Times  

Union finance minister Nirmala Sitharaman's budget speech outlined some changes to the direct and indirect tax regimes. One of the most striking changes pertains to the LTCG tax and indexation benefits, creating a distinct divide among property sellers based on the purchase or inheritance date of their properties, with 2001 being the critical year. As per the Memorandum to the …

Tax Property Budget Price Rate Benefit Sellers
Indexation benefits on property removed, sparks concern. What it means for you?
5 months ago

Indexation benefits on property removed, sparks concern. What it means for you?

India Today  

Finance Minister Nirmala Sitharaman announced major changes to capital gains taxation that particularly affect real estate transactions in the Union Budget 2024. The Long Term Capital Gains Tax on property sales has been reduced from 20% to 12.5%, but the budget fine print revealed that the indexation benefit on real estate has been revoked, sparking concerns that it may result …

Real Estate Tax Property Capital Capital Gains Estate Real
Budget 2024: No indexation benefit for property sales; new LTCG rate fixed at 12.5%
5 months ago

Budget 2024: No indexation benefit for property sales; new LTCG rate fixed at 12.5%

Live Mint  

Before Budget 2024, property sales were subject to a 20% LTCG tax rate with indexation benefit, which adjusted the purchase price for inflation, thereby reducing the taxable capital gain. According to the Budget documents, the new tax rate for long-term capital gains on property sales will be 12.5% without indexation benefit. The LTCG tax liability under both the old and …

Tax Property Budget Capital Price Sales Rules
Budget 2024: Selling old property to attract more tax. Here's why
5 months 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 …

Finance Tax Property Capital Estate Real Ltcg
Enhancing Investor Returns: A Proposal to Revise Capital Gains Tax for Debt Mutual Funds
6 months, 2 weeks ago

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

Deccan Chronicle  

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 …

Tax Debt Capital Investors Funds Mutual Proposed
Millions of Aussie students to be hit with debt increase tomorrow - but new law offers a silver lining
6 months, 3 weeks ago

Millions of Aussie students to be hit with debt increase tomorrow - but new law offers a silver lining

Daily Mail  

The average student debt of $26,494 will see an increase of $1,245 Three million students with a HECS-HELP debt will be slugged an increase on what they owe on Saturday. Students will have a 4.7 per cent indexation increase applied to their HECS debt and other higher education loans. Almost three million university students will have their student loan repayment, …

Students Student Debt Loan Help Increase Hecs
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
Freezing HECS-HELP indexation won't put more money in your pocket in the short term
1 year, 8 months ago

Freezing HECS-HELP indexation won't put more money in your pocket in the short term

ABC  

The architect of the HECS-HELP system says misinformation is creating anxiety in the community about the effect of inflation on student debt. Key points: Abolishing indexation on HECS-HELP debts would not put more money in the pockets of people with student debt Removing indexation altogether would mean all taxpayers bore the cost of inflation Making university degrees free would reduce …

University Money Debt Pay Income Help Professor
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
Murray Watt says the government is providing the largest cost-of-living increase to welfare recipients in 30 years. Is that correct?
2 years, 2 months ago

Murray Watt says the government is providing the largest cost-of-living increase to welfare recipients in 30 years. Is that correct?

ABC  

The claim As the cost of living soars, Australians receiving some welfare payments have seen some relief with the bi-annual indexation of payments — applied on September 20 — leading to an increase in the pension, JobSeeker and a number of other allowances. In making his claim, Senator Watt referred to September's bi-annual adjustment of welfare payments as "the biggest …

Fact Check Labor Welfare Library Payments Pension Social Services