Making a household budget may seem like a chore. An unreasonable and unnecessary addition to your already long list of duties. But the benefits of making a household budget greatly outweigh any disadvantages of having to do so. Here is why.
Have you ever received a letter from the bank telling you that your account [...]

A further dose of good news is that the Ministry has virtually ruled out any increase in the maximum marginal rate on the personal income-tax front as that may affect voluntary compliance.
With the general budget round the corner, the Finance Ministry on Thursday held out some hope for taxpayers by indicating that it could [...]

Myth: Lowering capital gains tax rates will not help the economy.
Fact: Cutting capital gains tax rates is the single best tax policy to improve economic growth.
* Capital gains play a unique role in fostering economic activity, especially by entrepreneurs in high-technology areas.
* In fact, many economists believe that the optimal tax rate on [...]

The realizations of capital gains decline when tax rates on gains are increased. When the capital gains tax rate is low, the ratio of unrealized capital gains falls. After the increases in the capital gains taxes, the unrealized capital gains ratio rises. Clearly, investors are highly sensitive to the rate of capital gains tax [...]

One of the most unfair features of the capital gains tax is that it taxes gains that may be attributable only to price changes, not real gains. Different analysts give different views regarding Capital Gains Tax Cut. Let us analyse both step wise.
1. A cut would increase investment, output, and real wages. If the [...]

Assuming that the capital gains tax reduction would lower the cost of capital and stimulate additional investment and business formation, what would be the effect on jobs?
Several forecasters have attempted to estimate through economic simulation models the direct employment gain from a capital gains tax cut.
Historical experience also confirms that the corollary is true [...]

The term “capital” has more than one meaning. Most people think of capital as money–the rupees invested in the stock market or in a new business. But for the purpose of understanding the capital gains tax, it is wrong to think of capital as just financial assets. Capital is also physical investment–the plant, the [...]

1. Find out full value of consideration
2. Deduct the following :
1. expenditure incurred wholly and exclusively in connection with such transfer
2. cost of acquisition; and
3. cost of improvement
3. From the resulting sum deduct the exemption provided by sections 54B, 54D, 54G
4. 4. The balancing amount is short-term capital gain
Long Term Capital Gains (LTCG)
Long Term [...]