In this post, I will focus on certain aspects of capital gains taxation for non-resident Indians (NRIs). Even though the rate of capital gains tax is same for residents and non-residents, there are a few differences that affect taxation for NRIs. Tax exemption limit for NRIs is Rs 2.5 lacs irrespective of age. In case of Resident Indians, the tax exemption limit is Rs … [Read more...] about NRI Corner: Capital Gains Tax for NRIs
capital gains tax
Fourth tranche of Sovereign Gold Bonds will be issued from July 18, 2016 till July 22, 2016. The issue price is Rs 3,119 per bond (per 1 gm of gold). I have done a few posts on Sovereign Gold Bonds. In this post, I will focus on the specifics on this issuance and a few developments that have taken place since the last issuance in March, 2016. Issuance Price of Earlier … [Read more...] about Fourth tranche of Sovereign Gold Bonds: Should you invest?
The third tranche of Sovereign Gold Bonds is out. The bonds will be open for subscription from March 8, 2014 till March 14, 2016. The bonds will be issued on March 29, 2016. RBI came out with earlier tranches in November and January this fiscal. The issuance in the first and second tranche was done at Rs 2,684/gm and Rs 2,600/gm respectively. The bonds worth Rs 1,050 crores … [Read more...] about Third Tranche of Sovereign Gold Bonds: Should you invest?
In one of the earlier posts, I discussed taxation of short term capital gains for various asset classes. In this post, we focus on taxation of long term capital gains. As mentioned in the aforesaid post, if you hold a capital asset for more than 36 months, it gets classified as long term capital asset. Any gains/loss arising out of sale of such asset is treated as long term … [Read more...] about Capital Gains Tax Simplified: Part II – Long Term Capital Gains Tax
An important aspect of investment decision making is taxation. Certain type of income/gains may receive favourable tax treatment from the Government. For instance, interest on tax-free bonds is exempt from tax. Similarly, long term capital gain on equity or equity mutual funds is exempt from tax too. A favourable tax regime can thus enhance the attractiveness of an … [Read more...] about Capital Gains Tax Simplified: Part I – Short Term Capital Gains Tax