The government on July 23 brought units of listed business trusts -- REITs and InvITs -- at par with listed equity shares while calculating long-term capital gain tax, a move that will foster a more agile investment environment. The government on July 23 brought units of listed business trusts -- REITs and InvITs -- at par with listed equity shares …
The government has not changed the basic exemption limit of 2.50 lakh for some time as the government does not want people to go out of the tax net and be exempt from filing ITR. 2.50 lakh is applicable for all Individuals and HUFs whether resident or non-resident but the rebate under Section 87A is available only to an individual …
In this article I wish to give some suggestions to the Finance Minister to make the taxation of capital gain more rational by removing some anomalies. Even you can claim this rebate against your tax liability on short term capital gains from listed equity shares or equity oriented schemes on which STT has been paid i.e. Logically it should be …
