The Section 87A rebate, a key provision in India’s income tax law, has sparked confusion among taxpayers, especially those with capital gains income. While Budget 2025 increased the rebate limit to ₹12 lakh under the new regime, ambiguity remains over whether it applies when a taxpayer has both regular income (like salary) and special rate […]
A look at current capital gains tax structure ahead of Budget 2025 – CNBC TV18
The Union Budget 2025, scheduled for February 1, has raised discussions about updates to the capital gains tax structure. The changes introduced in Budget 2024, effective for transactions after July 23, 2024, brought adjustments to tax rates and holding periods for various asset classes. One of the key suggestions ahead of this budget comes from […]
Explainer: How mutual funds are taxed in India – CNBC TV18
Mutual funds offer tax-efficient returns compared to traditional investments like fixed deposits. However, profits from mutual funds — known as capital gains — are taxable. Here’s a concise guide to understanding how mutual funds are taxed. Index Fund Corner Sponsored Scheme Name 1-Year Return Invest Now Fund Category Expense Ratio Axis Nifty 50 Index Fund […]
Union Budget 2025: AMFI calls for rollback of capital gains tax hike to boost mutual fund investment – CNBC TV18
The Association of Mutual Funds in India (AMFI) has called for changes in tax policies impacting mutual fund investors ahead of the Union Budget 2025. The proposals aim to boost participation in debt and equity markets, and promote long-term savings. Key tax proposals Restore long-term Capital Gains (LTCG) tax benefits for debt funds AMFI has […]
Withdrawal of indexation benefit on capital gains dent India Inc’s profitability – CNBC TV18
The September quarter earnings of auto majors like Maruti Suzuki and Bajaj Auto were impacted following the withdrawal of indexation benefits on long-term capital gains. While Maruti Suzuki created an additional provision of ₹8,38 crore in Q2FY25, Bajaj Auto increased the provisions against its investment income by ₹211 crore. Further, drugmaker Biocon had a tax outgo […]
Daily SIPs offer better market fluctuation benefits, but taxation can be complex – CNBC TV18
Systematic Investment Plans (SIPs) are a popular choice for retail investors seeking to build long-term wealth. Over time, SIPs have evolved, offering multiple frequencies such as monthly, weekly, and daily investments. While daily SIPs can offer better market timing, experts warn that they come with their own set of challenges—particularly in the area of taxation. […]
Sweden will cut income tax now that inflation has been tamed – CNBC TV18
Sweden’s government will cut income taxes in 2025 in a boost for households that have seen their purchasing power eroded by rising prices and borrowing costs. The measure in next year’s budget will cost about 13.5 billion kronor ($1.31 billion), with another 4.4 billion set aside to make some savings in stocks and mutual funds […]
How India tax changes affect NRIs selling property – CNBC TV18
There have been some see-saws by the Indian government regarding the long-term capital gains (LTCG) tax rules on property sales. India’s Finance Minister Nirmala Sitharaman proposed reducing the LTCG tax rate on property sales from 20% to 12.5%. However, this came with the removal of the indexation benefit, which adjusts the purchase price of an […]
Exclusive | Govt looking at options to counter indexation removal for real estate; prefers grandfathering until July 2024 – CNBC TV18
The government is looking at several options to address concerns from the real estate sector, as representations pour in at North Block regarding the recent budget announcement. This announcement involves withdrawing indexation benefits from real estate and lowering the long-term capital gains (LTCG) tax from 20% to 12.5%. Indexation adjusts the purchase price of an […]
Budget 2024 impact: LTCG tax for post-2010 properties may surge by 290% without indexation, warns BankBazaar – CNBC TV18
A recent analysis by BankBazaar highlights potential increases in long-term capital gains (LTCG) tax liabilities for property owners in India. This concern arises from the Union Budget 2024’s removal of indexation benefits. This could lead to tax liabilities surging by up to 290% for properties purchased after 2010, the report said. The role of indexation […]