Direct Tax Code

LTCG

LTCG tax: How should you react?

The Budget 2018 proposed to change how long term capital gains (LTCG) on equity shares and units of equity-oriented MFs are taxed in your hands.Β Till 31st March 2018 no LTCG will be chargeable. If you sell after 31st March 2018 the LTCG will be taxed as follows: The cost of acquisition of the share or …

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Direct Tax Code

Direct Tax Code

Direct Tax Code (DTC) is a move towards rationalization of direct tax structure. This code is a single code for all direct taxes including wealth tax. The overall aim of the new direct taxes code is to lower income tax rates, and more taxpayers. There is a possibility that DTC could be implemented from FY …

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income tax

Budget 2018-19 expectations – income tax

The upcoming Union Budget to be presented on 1st February 2018 will be the last regular budget of the NDA government before the general elections in 2019. Thus I expect this to be a populist budget and the middle class can hope for a big income tax relief. We expect the government to hike the …

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