tax

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. 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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budget 2018

Stocks to watch out for in budget-2018

The budget to be presented on 1st February 2018 will be unique in some aspects. With GST in place most parts of indirect taxation (other than customs, O&G sector etc.) is likely to stay outside the purview of the budget. Indirect tax impact on various industries & products has always been the talking point in …

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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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Demonetization

Demonetization a success or failure-time will tell

As per the RBI, an estimated Rs.15.28 lakh crore has been deposited as on June 30, 2017 as compared to Rs 15.44 lakh crore in circulation. PM Narendra Modi’s decision to cancel the tender of 85% of currency in circulation on 8th November 2016 was greeted with delight in some quarters and anger in others …

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TDS

How TDS works

TDS stands for ‘Tax Deducted at Source’. TDS has been introduced to collect tax from the source from where an Individual’s income is generated. It is applicable on the various incomes received such as salaries, interest received, commission received etc. Different rates of TDS have been prescribed by the Income Tax Act for different payments …

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