Major income tax changes in last 10 years and how they have impacted your investments
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Major income tax changes in last 10 years and how they have impacted your investmentsET Bureau
Last Updated: May 03, 2021, 06:30 AM IST
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Synopsis
Changes in investment rules and tax rates can prove beneficial or upset calculations. Some can boost investor sentiment, while others can pull it down. Here are some major changes in the past 10 years.
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July 2014
Housing loan interest deduction increased to Rs 2 lakh
Holding period for long-term capital gains from non-equity funds increased to three years. To be taxed at 20% after indexation.
Humayun Bashir Re-elected as Chairman NCCPL
Humayun Bashir has been re-elected as the chairman of the National Clearing Company of Pakistan Limited (NCCPL) again by its Board of Directors.
Bashir has over 40 years of diversified experience with the International Business Machines Corporation (IBM) in Pakistan, Afghanistan, Iran, and the MENA headquarters. He also served as the Country Head at IBM Pakistan for more than 16 years.
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He holds a degree in Engineering and has done various business management and leadership courses from the IBA, IBM Academy NY, INSEAD France and Boston University, USA.
The NCCPL is an infrastructure institution of Pakistan’s Capital Market acting as a Central Counterparty and is the only licensed entity that provides clearing and settlement services for trades and transactions executed at the Securities Exchange.
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DECCAN CHRONICLE.
Updated Feb 2, 2021, 1:52 am IST
Officials told Jagan there was a slump in allocations for the PM Kisan, PM Awas Yojana and NREGS as compared to the previous year
Jagan asked officials to try their best to get more funds from the Centre. DC Image
VIJAYAWADA: Chief Minister Y.S. Jagan Mohan Reddy has held a meeting with officials on the Union Budget 2021-22 and examined the financial allocations offered to various sectors. The officials informed the CM that there were no major or special allocations to the state.
Although there were high hopes and expectations for special allocations to AP still facing odds due to the 2014 bifurcation, the Union Budget proved to be a disappointment, they told the CM.
Dec 17, 2020 19:47 GMTCrypto News
As cryptocurrency adoption around the world increases, so does regulations.
Crypto users are searching for ways to eliminate or minimize their taxes.
Despite cryptocurrencies being decentralized, users still need to pay taxes. There are several ways people can reduce their taxes, and the best thing about it is that it’s completely legal.
Several tips to reduce crypto taxes for 2020
If you are a long-term trader or holder, you should definitely take advantage of the 0% long-term Capital Gain Tax Rate. It is possible to pay no taxes on your cryptocurrency holdings but it depends on your annual income and how long you kept them before selling. This tax rate is not very well known but can be a tremendous tool for ‘Hodlers’.