High Capital Gain Tax
A detailed calculation showing how LTCG reduction without indexation is not good news for people. “Suppose you bought an apartment in January 2009 for Rs 50 lakhs. Fifteen years later, you sold it today for Rs 1.5 crore. With indexation, the Rs 50 lakhs you paid 15 years ago is considered to be worth Rs […]
Tax increased on stock market gains
Be prepared because the time to gather courage and patience has come. – Short term capital gains (STCG) increased from 15% to 20% – Long term cap gains (LTCG) increased from 10% to 12.5% – Limit of exemption for capital gains will be set at Rs 1.25 lakh per year – Buy Back is taxed
7 Things to Keep in Mind While Filing Your ITR
### *By CA Dhwanik Shah & Co.* ### **1. Review Your AIS (Annual Information Statement)** Ensure all your income sources and high-value transactions are correctly reflected and match with your actual records. — ### **2. Carry Forward Capital Losses (STCG/LTCG)** Report short-term and long-term capital losses on time to carry them forward for future tax […]