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ALL DEALS 
August 13, 2016 LTCG on Indian equity shares are tax exempt
iStockPhoto I want to sell my house in Bengaluru, India, and reinvest it by buying a house in the UK where I live. How will I be taxed? —Kumarika Singh Sale of property situated in India will be taxable in the same year. An immovable property held for more than 36 months is classified as […]
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ALL DEALS 
August 13, 2016 Cash received as gift from some relatives is tax exempt
iStockPhoto I had gifted Rs.2 lakh to my spouse, with which she bought some shares. Who will pay the capital gains tax on the sale of these shares? —Kalpesh Dhar The entire money received by an individual from any person without consideration, the aggregate value of which exceeds Rs.50,000 in a financial year (FY), is […]
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ALL DEALS 
March 11, 2016 Nasscom proposes start-ups be exempt from direct, indirect taxes
Nasscom also sought steps to increase investments in start-ups. New Delhi: Software lobby Nasscom on Wednesday proposed that all start-ups be exempted from direct and indirect taxes to reduce compliance burden and cash outflows. In its pre-budget recommendations submitted to the finance ministry, Nasscom also demanded removal of so-called angel tax levied on capital receipts. […]
