Capital gains tax treatment for gold – physical as well as gold ETFs – is largely similar to that of debt instruments. While interest earned on sovereign gold bonds is taxable, capital gains on redemption at maturity are exempt. If you sell these bonds through the exchanges after three years, however, LTCG tax with indexation will come into play. If traded within three years, the gains, if any, will be added to your income and taxed at the applicable marginal tax rate.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app. … [Read more...] about The long and short of capitals gains tax
How to calculate capital gains tax on stock sale
Import duty tweaks need to be carefully followed as they impact how a given company is positioned in the entire value chain. For instance, higher duties for PVC (Polyvinyl chloride – a widely used plastic polymer) and duty exemption for Ethylene dichloride (a raw material for PVC) adversely impacted plastic pipe and plastic furniture manufacturers who imported PVC but helped integrated players like Finolex Industries. … [Read more...] about Budget preview: Rural stimulus & protectionist measures may aid consumption stocks
HCL Tech reported a healthy set of Q3FY20 numbers. Further, HCL Tech has revised the lower end of the revenues guidance from 15-17 percent YoY to 16.5-17 percent and margin guidance from 18.5-19.5 percent to 19-19.5 percent. "In the quarter, Mode 1 and Mode 2 business was impacted by furloughs and cutting of long tail clients. This is expected to improve in coming quarters, ICICI Direct said. … [Read more...] about Brokerages upgraded 6 stocks to ‘buy’ post Q3 earnings; should you buy?
From around Rs 5,348 crore in FY18, Air India's net loss in FY19 soared to Rs 8,556 crore. On the whole, the aircraft has a total liabilities worth Rs 52,000 crore. However, the government had already parked nearly Rs 30,000 crore out of this in a special purpose vehicle (SPV). This move was aimed at attracting new suitors in the fresh bidding round for the airline. … [Read more...] about Air India sale: Government trims debt to Rs 23,286 crore, reduces net-worth criteria of bidders
SuitorsThe Tata Group has a natural interest in Air India, which started off as Tata Air Services in 1932. In recent interviews, Tata Sons Chairman N Chandrasekaran has not ruled out of the option of the group considering a possible bid for Air India.The Group already has interests in aviation through two joint ventures in Vistara and AirAsia India. … [Read more...] about Air India sale: EoI out, govt to completely exit airline