Search results
4 days ago · Short-term capital gains tax on foreign shares held for less than a year will be taxed at 15%. On these gains, the applicable cess will be levied. On the contrary, if the holding period is more than 12 months (1 year), then it will be taxed at 10% on gains above Rs.1 lakh per year.
3 days ago · The exemption on investment is allowed only against long term capital gains on sale of immovable property (i.e. sale of land or building or both). The exemption is available up to a maximum amount of Rs.50 lakh; How to Calculate the Tax Exemption by Investment in Tax-Saving Bonds
2 days ago · The UAE offers expats zero personal income and capital gains taxes, simplifying finances. 6. Barbados. Barbados is a top destination on the list of countries with no capital gains tax. The island doesn’t charge capital gains, wealth, inheritance, or gift taxes, keeping financial matters straightforward.
2 days ago · Think about tax! When you sell, you might have to pay capital gains tax on the land sale. Tax implications of selling inherited property. Selling inherited land can come with tax costs. You may have to pay income tax on capital gains from selling the property. The rules say this is the same as making money from an investment.
Section 54EE. Investing capital gains in funds specified by the central government can also help you avail tax deductions. You have to complete the investment within 6 months from the sale of your capital asset and the amount must not exceed Rs.50 lakh. You can read more about such exemptions in our article here.
2 days ago · Prior to the Finance Act, 2017, the base year for fixing CII was 1981. The Finance Act, 2017 shifted the base year from 1981 to 2001. The reason for the shift is the genuine hardship/difficulty that was placed on taxpayers in computing capital gains due to the unavailability of relevant information for computation of Fair Market Value (FMV) of ...
4 days ago · In its latest budget tabled in April, the Trudeau government increased taxes on capital gains for all businesses and for individuals with more than $250,000 in annual realized gains. According to Milligan, critics of the tax increase wrongly pin Canada’s economic growth prospects entirely on tax policy.
