Call for fair treatment of domestic and foreign investors; review retrospective tax implications
A major driver behind this rally, analysts said, is DLF's strong June quarter performance.
FIIs net sold stocks worth Rs 10,712 crore in the cash market, and index futures worth Rs 10,336 crore in the derivatives segment in the three trading sessions post Budget 2024.
Income tax changes in Budget 2024: On the personal income-tax front, the tax slab rates have been rationalised only under the new tax regime
Market pundits also expect some changes in the tax treatment of gains arising from trades in the futures & options (F&O) segment
The money raised through a higher capital gains tax will hardly add much to the Rs 24.4 trillion of revenue receipts and Rs 41.9 trillion of spending estimated for 2023-24
Investors snap up popular medium- to longer-duration debt funds to lock in higher returns
Recent correction factors in most negatives, valuations attractive, say brokerages
Experts say they may now be slightly better placed as customers looking for tax-free returns under Rs 5 lakh investment a year may now choose their guaranteed products
The govt's step could push investors to choose riskier equity, or to fall back on bank deposits, thereby negatively impacting the debt market which actually needs to grow, writes T N Ninan
The finance minister on Wednesday proposed to limit deductions from capital gains on investment in residential houses under Sections 54 and 54F to Rs 10 crore
CLOSING BELL: Broader markets were unable to recover from the intra-day lows with BSE Midcap and Smallcap indices dropping up to 1 per cent
This is among the host of suggestions submitted by the sector
The government, reports suggest, may rationalise long-term capital gains tax (LTCG) structure by bringing parity between similar asset classes
Industry says exemption for those staying invested for over three years will help channelise flows into financial assets
As preparations begin for the next budget, discussions have gained steam around what the government would do with the capital gains tax regime
At present, long-term capital gains on listed stocks are liable to 15% surcharge max, while other long term capital gains suffer a graded surcharge which goes up to 37%
While there was no change in the slabs and no deductions whatsoever, there was some relief for taxpayers who make a mistake in filing income-tax
This was the best Budget-day gain for the markets since 1997, analysts said