Learn how capital gains are taxed and how to avoid paying more taxes than necessary when selling your assets. Investors can sigh relief for the 2024 tax year. Despite the capital gains inclusion ...

This comes in the backdrop of Finance Minister Nirmala Sitharaman raising the tax-rebate threshold from ₹7 lakh to ₹12 lakh ...

It’s not a specific tax, per se…. But more on that below. For more on the ins and outs of how capital gains works, read: Capital gains explained. Before we dive into the tax part, let’s go ...

If you make a gain after selling a property, you'll pay 18% capital gains tax (CGT) as a basic-rate taxpayer, or 24% if you pay a higher rate of tax. For other assets, such as shares, the rate depends ...

In other asset classes, this period is 24 months. Please note that additional components like surcharge and cess also apply while calculating the effective capital gains tax in both categories. The ...

The difference between a 15% and a 24% tax rate on a capital gain can come down to holding it one day longer. Selling losers to offset gains from winners can also reduce taxable gains for the year ...

The capital gains tax is destructive. By lowering the rewards of successful risk-taking—essential to innovation and a higher standard of living—the cap gains tax needlessly hobbles progress.

My investment accounts don’t withhold taxes from my capital gains, which is causing me to owe large amounts when I file my returns. How can I mitigate this situation? As capital gains ...

The Income-tax Bill cuts some clutter of the existing Act and introduces new illustrative tables, while maintaining ...

The Agricultural Producers Association of Saskatchewan (APAS) is calling for a pause of changes to the federal capital gains tax. Last year's federal budget included a proposed increase to ...

The Liberal government's changes to the capital gains tax are now being challenged in court. The Canadian Taxpayers Federation filed an application for a judicial review of the policy on Friday.

MUMBAI: The new Income Tax Bill has no changes in the rate structures, nor are there any changes in the capital gains tax rates. The Bill, which is likely to be tabled on Thursday, has 23 chapters ...