Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: Central Excise rule to resale the machines to a new company :: due date for vat payment :: form 3cd :: VAT RATES :: cpt :: TDS :: list of goods taxed at 4% :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARD :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT Audit :: ACCOUNTING STANDARDS :: empanelment :: articles on VAT and GST in India :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes
 
 
« General »
 Tax savings that do not actually help save much
 Indirect tax officers seek PM Modi’s intervention for smooth roll-out of GST
 Income Tax and Budget 2017: Here’s all you need to know about tax maths for let-out property
 Tax Department To Launch 2nd Phase Of Bank Accounts' Scrutiny Next Month
 How to claim tax benefit on tuition fees under Section 80C
 Online Income Tax grievance redressal facility launched at 60 offices
 Demonetisation impact on government tax revenue marginal; direct tax personal income grew at above budget estimates
 ICAI seeks more accountability, transparency in defence sector
 Will Budget help double farmers’ income?
 Verify online deposits made post demonetisation, income tax department asks taxpayers
 Union Budget 2017: Best budget is do not change anything, do no harm, implement well

Smart things to know about tax on profit from an investment
February, 11th 2013

1) The profit from sale of an investment is taxable as capital gain, which can be short term (STCG) or long term (LTCG), depending on the period for which it is held by the investor.

2) A capital asset held for less than three years before sale is a short-term capital asset. The exceptions are shares, bonds, units of UTI and mutual funds, where the holding period is less than 12 months.

3) The long-term capital gain gets the benefit of indexation, which means that the purchase price for calculating capital gain is adjusted for inflation over the holding period, reducing the capital gain for taxation.

4) The STCG for equity shares and funds is taxed at 15% and LTCG is exempt from tax. For all other securities and funds, it is taxed at the applicable rate, while LTCG is taxed at 10% without indexation, or 20% after indexation.

5) There are some investments, such as the PPF and life insurance policies, which also provide the benefit of tax-free proceeds on redemption or maturity.

6) The proceeds of pension plans offered by insurance companies are tax-free to the extent of one-third of the maturity value. The NPS proceeds are taxed if these are withdrawn instead of being invested in an annuity.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Portal Design Website Design Portal Designing Website Designing Web Design Professional Portal Design Professional Website Design Professional Web Design Portal Design India Website Design India Portal Designing India Website Designing India Web Design India Professional Portal Design India Professional Website Design India Chicago Professional Web Design New York Professional Web Design California Website Design Florida Website Design New Jersey Website Design Britain UK Website Design London Manchester Website Design

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions