As foreign institutional investors (FIIs) continue their massive selloff of Indian equities—offloading $15 billion this year—calls for a revision in India’s capital gains tax regime are growing louder. In an interview with CNBC-TV18, Sunil Badala, Head of Tax at KPMG India, argued that there is a case for reducing both long-term and short-term capital gains […]
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 […]
Budget 2024 Brings Game-Changing Amendments for international funds
The Budget 2024 amendments have made waves by redefining specified mutual funds, enhancing the appeal of international funds and funds of funds (FOF) for investors. The standout feature of these changes is the reinstatement of indexation benefits, which now apply to these fund categories. Moreover, long-term capital gains will only be taxed if the funds […]
How Budget 2024 changes your capital gains tax on shares – Calculations here – CNBC TV18
The Budget 2024 has introduced modifications to the long-term capital gains (LTCG) tax regime, affecting how much you’ll pay on profits from your share investments. These changes are crucial for both current and future investment strategies. New tax rules explained The revised tax rules have increased the LTCG exemption limit from ₹1 lakh to ₹1.25 […]