November 22, 2024
Operating Assets

No indexation for LTCG tax on property bought after July 23, 2024, is unfair; Will deter long term investment: View

The budget 2024 reduced tax rate on long term capital gains to 12.5% from 20% and removed the benefit of indexation. A later amendment of the LTCG tax rule allowed people to choose between two options for property bought before July 23, 2024: 20% tax rate with indexation benefit or 12.5% tax rate without the

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Operating Assets

Impact of new capital gains taxes on PMS investments of UHNI investors

The Union Budget for 2024-25 increased the short-term capital gains (STCG) tax rate from 15% to 20% and the long-term capital gains (LTCG) tax rate from 10% to 12.5%. This widening of the tax gap from 5% to 7.5% has sparked considerable discussion about the challenges it poses for PMS strategies, especially those with high

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Fixed Assets

Capital gains tax framework completely overhauled: Changes that can hurt you, measures that can lower your tax

The Union Budget 2024-25 has completely overhauled the capital gains tax framework. Some measures may hurt badly. Homeowners will no longer get the indexation benefit on sale of property, while gains on sale of stocks and equity funds will now attract a higher tax. However, the Budget offers some sops as well. The exemption limit

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Fixed Assets

NRI to pay higher tax on these capital gains on assets such as listed equities

Budget 2024 proposes a higher tax on certain capital gains for non-residents. However, it has also proposed to reduce on certain assets. The new tax rate will apply only on transfers made on or after July 23, 2024. The revision is aimed at bringing parity between resident and non resident taxation structure.NRI tax hiked on

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Financial Assets

Capital gains tax changes are not all bad. Here’s the good part you missed

The Union Budget 2024-25 has made big changes to the capital gains tax framework, offering both challenges and benefits for investors. While the removal of the indexation benefit on property sales and higher taxes on equity gains may seem unfavourable, there are positive aspects to consider. Higher exemption limit on equity gains Firstly, the exemption

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