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

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 ...

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

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.

I explained to my fellow passengers what had ... I would have been facing a significant capital gains tax. It is telling that I never thought about it. It’s like winning the lottery.

Capital gains and losses are taxed differently from income like wages, interest, rents, or royalties, which are taxed at your federal income tax rate (up to 37% for the 2024-2025 tax filing season).