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Finance Act 2023: How your income from Reits and InvITs will be taxed

The Finance Bill 2023 amendments passed in India include changes to the budget proposal for taxation of real estate investment trusts (Reits) and infrastructure investment trusts (InvITs). The loan repayment distribution component from Reits and InvITs need not be treated as income from other sources, but instead gets capital gains tax treatment for a certain number of years. This amendment has brought relief to investors as capital gains attract just 10% tax if held for the long term, against the tax on other income that is at individual s slab rates. ....

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New financial year: 17 new rules investors need to be know from today

From April 1, new income tax rates will come into effect. From now on, the new tax regime will be the default regime. Under the new tax regime, people earning up to Rs 7 lakhs per annum don’t have to pay taxes. ....

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Tax Rebate, LTA, Standard Deduction: 10 Income Tax Rules to Change From Today

Income Tax Rules: Major changes in income tax slabs to increased tax rebate limit, and no LTCG tax benefit on debt mutual funds are some of the changes that will be effective from 1 April 2023. aaa ....

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New tax rules to no LTCG benefits on debt MFs: 7 key changes that are coming into effect from April 1

The government has announced a slew of changes in the income tax rules that will come into effect from the new financial year 2023-24. ....

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From new IT slabs to exemptions, 7 new tax rules applicable from April 1, 2023

The new tax rules from April 1, 2023 will tax mutual funds in line with a person's income level. ....

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