Free Press Journal
  • Higher asset allocations pose risk to small investors: Adhia

    New Delhi : Exemption to equities from the long-term capital gains (LTCG) tax was leading to higher asset valuations and was posing a potential risk to small investors, Finance Secretary Hasmukh Adhia said this week.

  • LTCG tax kitty to hit Rs 40k cr in FY20 – Adhia

    NEW DELHI : The union government hopes to double its revenue from long term capital gains (LTCG) tax on equities to Rs 40,000 crore in financial year 2019-20 as more share transactions come in its fold with the waning of the grandfathering effect, a top official said on Sunday.

  • Income Tax Act – Even an alphabet is crucial

    It is common knowledge that there in Income Tax law there are litigations galore caused due to faulty construction of language  that causes the law to be interpreted differently  by different people. This week we look at one such example – that of Sec. 54 and Sec. 54F which offer exemption on Long-Term Capital Gain (LTCG) arising out of certain specified assets if the assessee purchases or constructs ‘a’ residential house within

  • Capital Gains: Some Nuances & Subtlety

    Most taxpayers would know that long-term capital gains (LTCG) arising out of equities listed on a recognized stock exchange and equity-based MF units is exempt from tax whereas the STCG is taxed at 15%.

  • Sebi confirms ban on 11 entities in tax evasion case

    New Delhi : Markets regulator Sebi today confirmed its interim order banning 11 entities in a case related to tax evasion and money laundering through stock exchange platform.

  • REITs & InvITs: Retail investors get ready

    A relatively new instrument that is slated to emerge in the retail investment segment is the Real Estate Investment Trust or REIT. These Trusts are structured like MFs, except that they are related purely with real estate.

  • Sebi cracks down on Rs 420 cr tax fraud, bars 178 entities

    “The entire modus operandi of allotting shares of Pine Animation on a preferential basis, announcing a stock split and then bringing in connected entities to provide exit was a scheme devised to make ill-gotten gains” (more…)