Income Tax on Equity and Debt Mutual Funds in India
April 2016
Showing posts with label MF - Capital Gains Tax. Show all posts
Showing posts with label MF - Capital Gains Tax. Show all posts
Equity, Equity MF: Long Term, Short Term Capital Gains..!
Equity
Shares, Equity MF: Long Term Capital Gains, Short Term Capital Gains Long-term capital gains on transfer of equity
shares / units in cases covered by securities transaction tax [ Sec.10 (38) ] –
Long term capital gains arising on transfer of equity shares or / units of…
Paying Tax on Capital Gains..
Paying Tax on Capital Gains.. By CIEL Capital gains accrue
when an investor sells an asset (Property, Shares, Mutual Fund Units) for profit. The income tax (IT) laws define
capital assets and mandate that investors pay the applicable tax on shorter
long-term gains. The h…
Income Tax and CAPITAL GAINS..
Income Tax and CAPITAL GAINS.. Profits
and gains arising from transfer of a capital asset (Property, Stocks, Mutual Funds, Gold, Silver etc) are chargeable to income tax
under the head, Capital Gains (Sections 45 to 55A)*. Capital
gains can be divided in 2 categories i.e. s…
2014-15: Cost inflation index raised by 9.05%
In the 2013-14 year
the cost inflation index increased 10.2% The Central Board of
Direct Taxes (CBDT) has specified a value for the cost inflation index for
2014-15. A cost inflation
index helps reduce the inflationary gains, thereby reducing the long-term
capital gains tax …
Cost inflation Index for Financial Year 1981- 82 to 2014 - 15..
Cost
Inflation Index (CII) for Financial Year
1981 - 82 ( Base Year) to 2014 - 15 is given below
for your reference. Financial Year
Cost Inflation Index 1981
- 82 100 1982
- 83 109 1983
- 84 116 1984
- 85 …
FINANCIAL YEAR 2013-14 : COST INFLATION INDEX 939
SECTION 48, EXPLANATION (v) OF INDIAN INCOME - TAX ACT,
1961 - CAPITAL GAINS - COMPUTATION OF - NOTIFIED COST INFLATION INDEX FOR
FINANCIAL YEAR (FY) 2013-14 NOTIFICATION NO. 40 / 2013 [F. NO. 142 / 7 /
2013-TPL]/SO 1464 (E), DATED 6-6-2013 In exercise of the powers conferred …
