Union budget 2023: Long term capital gains tax likely to be rationalised
This tax was discontinued in 2005, but was reintroduced in 2018 in the Union Budget for that fiscal.
Jan 17, 2023, 13:02 PM IST
LTCG: Know how to save Long Term Capital Gains tax on property sale
According to the Income Tax Act, this comes under capital gains. The short-term capital gains tax is applied to the profit if the property is sold within two years of purchase while if the asset is sold after two years, then it attracts LTCG.
Oct 18, 2022, 16:13 PM IST
LTCG Tax: How to save tax on long-term capital gains? Check what experts say
Capital assets include land, house, jewellery and equity stocks. Long-term capital gains, which are taxed at 10 per cent, are basically the capital gains of over Rs 1 lakh earned by selling equities.
Oct 14, 2022, 14:10 PM IST
Fast track prosecution cases against shell companies: CBDT to taxmen
As the noose tightens around shell companies evading taxes, the CBDT Chairman has asked field officers to file prosecution cases against those entities which claimed bogus long-term capital gains.
Mar 12, 2017, 11:36 AM IST
