Updated Jan 30, 2021 | 14:07 IST | Kapil Rana
FM needs to provide some relief measures in terms of Capital Gains Tax which may give more legs to the stock market rally. Here are a few points how it can be tweaked to be investor friendly Budget expectations 2021: change in Capital Gains Tax | Photo Credit: BCCL
Capital gain tax is charged at the time of sale of a capital asset on the amount of capital gain. Capital gain can be either long term or short term on the basis of the holding period.
In the coming Budget, the holding period for long-term capital assets, which is presently 36 months should be reduced to 24 or 12 months so that maximum taxpayers can take the benefit of long-term capital gain by holding the capital asset for a shorter span of 24 or 12 months as the case may be.
Union Budget 2021: Section 47 Of I-T Act Must Be Amended With Respect To Gold Bonds Scheme Budget 2021: Taxmann said in its pre-budget recommendations that section 47 should be amended to remove the reference of any particular year from the sovereign gold bond scheme
Updated: February 01, 2021 10:32 am IST
Budget 2021: Section 47 of Income Tax Act should be revised to remove the reference of year 2015.
Budget 2021: Section 47 of the Income-Tax (I-T) Act provides that any transfer of Sovereign Gold Bonds (SGBs), issued by the Reserve Bank of India (RBI) under the Sovereign Gold Bond Scheme, 2015, by way of redemption, by an assessee being an individual shall not be treated as a transfer for the purpose of capital gain. According to research and advisory firm, Taxmann, Section 47 still refers to the sovereign gold bond issued under the Sovereign Gold Bond Scheme, 2015. However, the government issues a new sovereign gold bond scheme every year under its series of tranches for
Sovereign Gold Bonds Subscription For Tenth Tranche Ends Today: What You Need To Know Sovereign Gold Bond Scheme: The next window for investing in gold bonds - Series XI of the SGB 2020-21 scheme, will open on February 1, 2021, for a period of five days
Updated: January 15, 2021 5:27 pm IST
Sovereign Gold Bond Scheme: An issue price of Rs 5,104 per gram is applicable to Series X
Sovereign Gold Bond 2020-21 Scheme: Subscription for the tenth tranche of the government s Sovereign Gold Bond (SGB) 2020-21 programme will end on Friday, January 15. After the current issue, Series XI of the gold bond 2020-21 scheme will be available for five days starting February 1, 2021. Under the gold bond scheme, the Reserve Bank of India issues interest-paying bonds linked to the market price of gold. The scheme comes with benefits such as discounts on online subscription when payments are made through digital modes. The Sovereign Gold Bonds are aimed at restricting gold imports for the co
Gold Bond Scheme: The tenth tranche of the sovereign gold bond scheme, which opened for subscription on Monday, January 11, will be available for investing till Friday (January 15)