Securities Transaction Tax (STT) is imposed on both buyers and sellers in the Indian stock market. Capital loss occurs while selling an asset for less than its purchase price and can be used to offset capital gains. Both short-term and long-term losses can be carried forward for 8 years.
The interim budget of the government is likely to be announced on February 1, 2024. Like with every budget, there are certain expectations of a common man to ease the taxes on the capital gains (LTCG and STCG), simplify the capital gains structure. Will Budget 2024 fulfill this wishlist? Read on to know about it.
Simplifying your investments involves aligning them with your financial goals. The process of streamlining your investment portfolio can be time-consuming, as it requires several steps to initially declutter and subsequently consolidate your mutual fund holdings.
Given that gold is commonly viewed as a symbol of affluence and prosperity, it s imperative to have a thorough understanding of the tax consequences linked to such investments or when presenting gold gifts to your beloved individuals.