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Major income tax changes in last 10 years and how they have impacted your investments


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. ....

Economic Times News App , Daily Market Updates , Live Business , Capital Gain Tax , Income Tax , Tax Rules , Long Term Capital Gain , Direct Tax , பொருளாதார முறை செய்தி செயலி , தினசரி சந்தை புதுப்பிப்புகள் , வாழ வணிக , மூலதனம் ஆதாயம் வரி , வருமானம் வரி , வரி விதிகள் , நீண்டது கால மூலதனம் ஆதாயம் , நேரடி வரி ,

I-T dept seizes Rs 8 crore from premises of Betul-based soya manufacturers


I-T dept seizes Rs 8 crore from premises of Betul-based soya manufacturers
I-T department had carried out search and seizure operations at these premises which were located in- Betul and Satna in Madhya Pradesh, Mumbai and Solapur in Maharashtra, and Kolkata in West Bengal
BusinessToday.In | February 22, 2021 | Updated 16:09 IST
The I-T department also discovered nine bank lockers during the operations
Income Tax (I-T) Department on February 18 seized unexplained cash of over Rs 8 crore and Rs 44 lakh in various foreign currencies from 22 premises of a Betul-based soya products manufacturing group.
I-T department had carried out search and seizure operations at these premises which were located in- Betul and Satna in Madhya Pradesh, Mumbai and Solapur in Maharashtra, and Kolkata in West Bengal. The I-T department also discovered nine bank lockers during the operations. ....

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Capital gains: Master your tax game


Capital gains: Master your tax game
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Last Updated: Feb 02, 2021, 12:41 PM IST
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Synopsis
When securities (listed other than a unit/equity oriented MF/zero coupon bonds) are held for up to a year, the gain is treated as Short Term Capital Gain (STCG). For all other type of capital assets, holding up to 24/36 months will qualify as STCG.
(This story originally appeared in
on Feb 02, 2021)NEW DELHI: Capital gain on sale of all listed securities in India (other than debt-oriented MFs), held for more than 12 months are treated as Long Term Capital Gain (LTCG). Unlisted shares and immovable property have to be held for more than 24 months to qualify for LTCG. In all other types of capital assets, including debt oriented MFs, sale after 36 months will qualify as LTCG. ....

Long Term Capital Gain , Short Term Capital Gain , நீண்டது கால மூலதனம் ஆதாயம் , குறுகிய கால மூலதனம் ஆதாயம் ,