Taxability of Profit on Sale of Shares / Securities
Selling shares for a profit is akin to a mini jackpot in the stock market. Capital gains tax is due on profits, affecting the net gain. Profits from shares held over a year may be taxed at a lower long-term capital gains rate, offering a “patience pays off” discount. Profits from shares sold within a […]
Direct Taxes Proposals – Budget 2023
DIRECT TAX PROPOSALS – BUDGET 2023 1. New Cooperatives – 15% Tax Rate. 2. Higher limit of cash deposit & TDS (3 lakhs) limit for Primary Cooperatives etc. 3. Start Ups benefits extended by 1 year to 1.4.2023. 4. No Capital Gain on gold conversion to bonds. 5. TDS on EPF Reduced. 6. Relief 87A […]