WebJul 22, 2024 · As per the Union Budget of 2024, a long-term capital gains tax at the rate of 10 per cent would be applicable on any amount exceeding Rs 1 lakh per annum earned by way of selling equity ... WebNov 7, 2024 · Grandfathering provisions under Capital Gains. By Finance Act, 2024 the grandfather clause has been introduced in respect of investment made on or before 31 January 2024 in equity shares or units of an equity-oriented mutual fund. Grandfather …
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WebDec 13, 2024 · Capital gains from debt mutual funds are not subject to TDS for Indian investors. However, in the case of NRIs, there is a TDS on capital gains of 30% for short-term capital gains and 20% with indexation benefits for long-term capital gains. ... Is grandfathering applicable on debt mutual funds? As per the Finance Act 2024, … A grandfather clause, also known as grandfather policy, grandfathering, or grandfathered in, is a provision in which an old rule continues to apply to some existing situations while a new rule will apply to all future cases. Those exempt from the new rule are said to have grandfather rights or acquired rights, or to have been grandfathered in. Frequently, the exemption is limited, as it may extend for a set time, or it may be lost under certain circumstances; for example, a grandfathered power … blood spot newborn screening
will Debt funds start losing their sheen from this fiscal year? maybe ...
WebFeb 6, 2024 · Section 112A Grandfathering Rule to calculate Long Term Capital Gain on Shares. Traders who would have invested in equity markets with a view to earning tax … http://www.letslearnaccounting.com/grandfathering-in-respect-of-long-term-capital-gainsloss/ WebMar 29, 2024 · Article 13(4A) of the India – Singapore DTAA provides that capital gains from transfer of shares of an Indian company acquired on or before April 01, 2024, by a Singaporean Resident, are taxable in Singapore alone. This grandfathering provision has been made subject to the anti-abuse provision contained in Article 24A of the DTAA. … bloods post gastric sleeve