Showing posts with label tax. Show all posts
Showing posts with label tax. Show all posts

07 February 2018

Long Term Capital Gains Tax On Equity: 10 points


1. Long term capital gains mean gains arising from the transfer of long-term capital asset. The Finance Bill, 2018 proposes to provide for a new long-term capital gains tax regime for the following assets: Equity Shares in a company listed on a recognized stock exchange; Unit of an equity oriented fund; and Unit of a business trust. The proposed tax applies to the above assets, if the assets are held for a minimum period of twelve months from the date of acquisition; and the Securities Transaction Tax (STT) is paid at the time of transfer. However, in the case of equity shares acquired after 1.10.2004, STT is required to be paid even at the time of acquisition (subject to notified exemptions).

06 October 2017

Devalue rupee or provide stimulus:

The government has limited fiscal space due to a variety of factors like uncertainty on the quantum of indirect tax collections in the wake of massive supply chain disruptions and changeover to a new system in the wake of GST roll-out, which nearly halves the dividends from RBI versus last financial year.

aarpamoney rupee

Ajay Bodke
Prabhudas Lilladher Pvt. Ltd

28 September 2017

Why small businessmen in Gujarat are quitting industry

Two major trends are playing out in Gujarat’s economy.
On one hand, small industrial units are shutting down. This is not a recent development. Micro, small and medium units in the state started getting into trouble about five years ago, well before the central government demonetised high-value currency notes in November and introduced the Goods and Services Tax in July. As Scroll.in reported from Surat, several factors were at work – rising imports from China, the entry of bigger players with greater economies of scale, and government policies such as import duties that favoured bigger companies over smaller ones.
For Full Article :  SCROLL

13 April 2017

Income Tax Slab Rates For FY 2017-18



Income Tax Slab Rates for FY 2017-18 (AY 2018-19) 
  
Part I: Income tax slab for individual tax payers & HUF below 60 years 
  
Income SlabTax Rate
Income up to ₹ 2,50,000No Tax
Income from ₹ 2,50,000 – ₹ 5,00,0005.00%
Income from ₹ 5,00,000 – 10,00,00020.00%
Income more than ₹ 10,00,00030.00%
Surcharge: 
10% of income tax, where total income is between ₹ 50 lakhs and ₹1 crore. 
15% of income tax, where total income exceeds ₹ 1 crore. 
Cess: 3% on total of income tax + surcharge. 
  
Part II: Income tax slab for individual tax payers & HUF 60 yrs to 80 yrs 
  
Income SlabTax Rate
Income up to ₹ 3,00,000No Tax
Income from ₹ 3,00,000 – ₹ 5,00,0005.00%
Income from ₹ 5,00,000 – 10,00,00020.00%
Income more than ₹ 10,00,00030.00%
Surcharge: 
10% of income tax, where total income is between ₹ 50 lakhs and ₹1 crore. 
15% of income tax, where total income exceeds ₹1 crore. 
Cess: 3% on total of income tax + surcharge. 
  
Part III: Income tax slab for super senior citizens (80 years +) 
  
Income SlabTax Rate
Income up to ₹ 2,50,000No Tax
Income up to ₹ 5,00,000No Tax
Income from ₹ 5,00,000 – 10,00,00020.00%
Income more than ₹ 10,00,00030.00%
Surcharge: 
10% of income tax, where total income is between ₹ 50 lakhs and ₹1 crore. 
15% of income tax, where total income exceeds ₹1 crore. 
Cess: 3% on total of income tax + surcharge. 
*Income up to ₹ 5,00,000 is exempt from tax if you are more than 80 years old. 

For More Information on tax slab and detail kindly Visit https://incometaxindiaefiling.gov.in/

16 December 2016

What is Equity Linked Saving Schemes (ELSS) ??

save tax
Equity linked saving schemes (ELSS), these schemes are open-ended growth schemes with a mandatory 3-year lock- in. These schemes offer the benefit of section 80(C) of IT Act, up to a maximum of Rs 150,000 
The main features of ELSS are - 
Repurchase: Repurchases are permitted after a period of 3 years.
Lock-in-period: The units under ELSS are prohibited from trading, pledging and transfer during the lock in period of 3 years.


For More Information 
+91 9892770630
Email : invest@aarpa.in

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