Tax cut tax brackets

Juzer GabajiwalaTaxation plays a vital role in any investments as capital gains and interest earned on the investment are reduced to the extent of taxes paid. Ultimately, what matters to the investors is what is left in hand after taxes are paid.It is, therefore, imperative for the investors to know about the impact of taxation on earnings from investments. Our current topic is on debt mutual funds and the taxation applicable to them.Close The capital gains tax to be paid on mutual funds depends on the type of investment (equity/debt) and the duration of time for which the investment is held.Juzer GabajiwalaDirector|Ventura Securities Picking the best mutual fund: Are past returns relevant after re-categorisation?Take the SIP route for equity mutual funds amid volatility, keep 3-5 yrs horizonInternational funds: Key to achieving geographical diversificationThe table below shows the long-term capital gains (LTCG) tax details for debt and equity funds:Assuming a debt fund generates a … [Read more...] about How tax is calculated on debt mutual fund investments

Shares of Larsen and Toubro fell nearly a percent intraday on December 10 after Motilal Oswal reduced its target price by 8 percent as it expects lower order inflow and revenue growth.In fact, the stock lost more than 10 percent in last one month after brokerages started cutting target price of the stock, though they remained bullish on the same. It was quoting at Rs 1,274.50, down Rs 2.40, or 0.19 percent on the BSE at 1142 hours IST."We cut our core E&C EPS estimate by 1.5 percent/3.4 percent for FY20/FY21, incorporating lower order inflow/revenue growth assumption. Consolidated EPS has been cut by 1.3 percent/2.6 percent for FY20/FY21. We have also lowered our target P/E multiple on core business to 20x from 22x on account of macro uncertainties. Accounting for the current market price of listed subsidiaries, target price stands at Rs 1,680 (prior: Rs 1,830)," the brokerage said while maintaining buy call.Close Adjusted for the valuation of subsidiaries, the stock trades at … [Read more...] about Motilal Oswal cuts L&T target price on lower growth expectation

The government is not looking aggressive enough and giving “some interesting ideas that we can hope for in the next few weeks”, Samir Arora, Founder and Fund Manager at Helios Capital, has told CNBC-TV18.Arora said the government after going for the corporate tax rate cut should expand the tax cuts “maybe for consumers, stock markets. In fact, the government is not looking aggressive enough, in fact they have to put that bad patch out".After the government reduced the corporate tax on September 20, the Sensex has rallied 13 percent and hit a record high followed by consolidation.Close The consolidation, with no big correction, indicates that the market could be waiting for more announcements from the government.Samir AroraFund Manager|Helios Capital Management India did better than expected given PNB scam, LTCG tax: Samir AroraLTCG will hurt FII behaviour; will make India underperform other EMs, says Samir AroraYear 2018 will be much tougher for the market than 2017: … [Read more...] about ‘If there is no fiscal expansion in Budget, market will fall’

In an interview with CNBC-TV18, Samir Arora, Founder & Fund Manager at Helios Capital gave his take on Arun Jaitley's Union Budget 2018 and his outlook on the road ahead.Long-term capital gains (LTCG) tax should be paid but at the same time, people should not say that it does not matter. Nobody minds LTCG if that is what you want but please also admit that it matters. It is wrong to say that imposition of LTCG tax doesn’t affect investors, he said.According to him, India is growth and therefore nobody can live without it.Close India should now, unfortunately, underperform global peers, emerging market peers by 5-10 percent, he added.Samir AroraFund Manager|Helios Capital Management 'If there is no fiscal expansion in Budget, market will fall'India did better than expected given PNB scam, LTCG tax: Samir AroraYear 2018 will be much tougher for the market than 2017: Samir AroraRally in India is driven by strong US market, he further mentioned.Speaking of money flow, he said … [Read more...] about LTCG will hurt FII behaviour; will make India underperform other EMs, says Samir Arora

Srinath Narasimhan, the Managing Director and CEO of Tata Teleservices, is likely to succeed R Venkataramanan at Tata Trusts, reports The Times of India.Srinath is expected to be appointed to his new role in early 2020, the paper quoted sources as saying. Unlike Venkataramanan, who held the post of Managing Trustee, Srinath would be offered CEO's position, they added.Moneycontrol could not independently verify the report.Close Creation of the new post is significant as Venkataramanan stepped down as Trustee from India's largest public charitable organisation in March after trouble with the Income Tax Department over his high compensation. related news PAC likely to examine cancellation of six Tata Trusts' registration, alleged violations Income tax department cancels registration of six Tata Trusts Tenacity, courage must for startup founders to execute vision: Ratan Tata The 57-year-old Srinath was narrowed down as the top choice by a … [Read more...] about Tata Teleservices chief N Srinath likely to head Tata Trusts: Report