Capital gains and tax implications.
Byline: Kavita Sriram With surplus cash in hand, it is not uncommon for many salaried individuals and businessmen to invest in residential property. They dispose it off when the value of the property appreciates significantly. These transactions entail short-term or long-term capital gains tax on the profits...

Core funds may build on capital gains tax breaks.
Byline: Deepshikha Sikarwar NEW DELHI: If you are looking to avoid coughing up tax on capital gains from assets such as property, Budget 2008 could offer you a new tax-saving instrument. Capital gains invested in dedicated infrastructure funds (DIF) may be eligible for tax exemption...

Capital gains tax hike to benefit mutual funds.
Byline: Ashish Gupta The Union Budget for the year 2008-09 has proposed to increase the short-term capital gains tax. The proposal is to increase the tax from 10 to 15 per cent. A short-term capital asset means a capital asset held by an assessee for not more...

Ranbaxy promoters may duck capital gains tax, pay STT.
Byline: Deepshikha Sikarwar & Gireesh Chandra Prasad (##include msid=2459375,type=9 ##) NEW DELHI: The nearly Rs 10,000-crore consideration Ranbaxy promoters are to receive for their stake sale in the company to Daiichi Sankyo of Japan is likely to escape capital gains tax. According to...

Cyprus may cease to be capital gains tax haven.
Byline: Deepshikha Sikarwar NEW DELHI: The party may soon be over for investors coming into India from Cyprus. The double taxation avoidance agreement (DTAA) between the two countries is all set to lose the capital gains tax exemption benefit. Both the governments are understood to...

Bank on auction to skip capital gains tax.
Byline: Hema Ramakrishnan HYDERABAD: Banks and housing finance institutions offering loans to senior citizens who pledge their homes, may be spared of paying capital gains tax if they auction the property. The property can be sold if the legal heir is unable to repay the...

Capital gains tax on Hutch-like deals.
Byline: Deepshikha Sikarwar NEW DELHI: The I-T department, which believes that Hutch-Vodafone deal falls under the capital gains tax ambit in India, may scrutinise similar transactions. Transfer of beneficial interest of any asset in the country was liable to capital gains tax, a department source...

Capital gains tax on FIIs may hurt inflows from US, Europe.
Byline: Shailesh Menon MUMBAI: The recent verdict of the Authority for Advance Ruling (AAR) on two foreign institutional investors - Fidelity Advisory and Mathew International - asking them to pay tax on short-term capital gains is drawing flak from market watchers. Sending out a cue...

Capital gains tax & FIIs: Debate's on.
Byline: Sugata Ghosh & M Padmakshan MUMBAI: For weeks since the Budget they have let the sleeping dog lie. But on Thursday top audit and law firms are grappling with an uncomfortable question: Will FIIs have to pay the long-term capital gains (LTKG) tax? The Budget has...

MATricks: Holding cos will have to pay capital gains tax.
Byline: Sugata Ghosh and Arnav Pandya MUMBAI: The proposed inclusion of long-term capital gains for MAT (minimum alternate tax) companies may have a deeper impact. In what seems to have escaped the radar, the move will impact all holding companies and investment companies formed to promote new...