Long Term Capital Gains Tax under Finance Bill, 2018 – FAQs 1. What is the budget proposal on LTCG for equities? Ans – So far, any LT Capital gains made on equities on Exchanges was exempt. The Govt has now proposed an 10% LTCG tax on gains made above Rs 1 Lakh under Finance Bill , 2018.
Salient Features of Finance Bill, 2018 1. No change in Tax Rate. All persons including individuals, HUF, Firms and Companies to pay same tax . However Education cess is being increased from 3 to 4 % to be known as Education and Health cess under Finance Bill, 2018.
Long term capital gains tax may return The government is looking to re-introduce long capital gains tax on listed stocks with certain riders as a part of it makes an attempt to boost additional revenue within the Budget.
What expectations from Budget 2018 Apart from the Assembly elections in 7-8 states, the Union Budget 2018 may well be the biggest event of the year. With the 2019 Lok Sabha elections approaching and a close victory in Gujarat assembly elections, in all probability, we’ll be seeing a more populist approach from the Government rather […]
Are you expecting smart tax breaks in Budget 2017? re-examine Having well-versed the demonetization experience with a smiling face, one of the expectations that has designed up within the mind of the individual is that the expectation of excellent tax breaks within the coming back Budget 2017.
Excise Duty on Jewellery Amrit DalmiaIn this year’s Budget, a nominal excise duty of 1% [without CENVAT Credit on Capital Goods and Inputs] and 12.5% [with CENVAT Credit on Capital Goods and Inputs] has been imposed on articles of jewellery [excluding silver jewellery, other than studded with diamonds or other precious stones] w.e.f March 01, […]
Changes in Service Tax, Excise, Customs Duty vide Union Budget 2016: Open issues The Union Budget, 2016, proposing flurry of changes in Indirect Taxes, has been a talk of the town since the day of its presentation. On May 5, 2016, the Lok Sabha passed the Finance Bill, 2016 and later on May 11, 2016, […]