Capital gain tax

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KARACHI: Clearing members of the Pakistan Stock Exchange (PSX) have been asked to pay Capital gains tax (CGT) on sale of securities by June 30, 2022. National Clearing Company of Pakistan Limited (NCCP) in a notification on…

BHOPAL: Madhya Pradesh Chief Minister Shivraj Singh Chouhan on Tuesday urged Union Finance Minister Nirmala Sitharaman to abolish separate capital gains wealth taxmanaged by the state corporation. Chouhan raised the issue during his!-->!-->…

June 21, 2022: The Federal Cabinet on Tuesday approved the issuance of Ijara Sukuk bonds in domestic and international markets to support the government's fiscal stance and promote Islamic banking in the country.Addressing a press…

ISLAMABAD: The government has proposed new capital gains tax rates on the disposal of securities traded on the Pakistan Stock Exchange (PSX). Pakistan presented its federal budget on June 10, 2022 and introduced various tax…

KARACHI: The Karachi Tax Bar Association (KTBA) has proposed up to 20% real estate capital gains tax with elimination of all exemptions and concessions. The KTBA, in its proposals for the 2022/2023 budget, suggested that the…

Whether you are saving or investing, tax efficiency is an important aspect to consider as it can make a significant difference to your overall wealth and minimize the tax burden. Capital Gains Tax (CGT) is levied on gains realized after…

Thailand's regulator has moved to levy a 15% capital gains tax on all cryptocurrency profits, following the country's huge growth in the size and value of the country's digital asset market in 2021. With this latest development, all…

KATHMANDU, December 27: The Department of Tax Investigations (DRI), seeking to take action against Bottlers Nepal for revenue leakage, on Sunday submitted its final investigation report to the Public Prosecutor's Office (PPO). The tax…

Capital gains are the profits made on the sale of fixed assets such as stocks, bonds and property. Capital gains tax is only triggered when an asset is sold, not when the asset is owned by an investor. However, when…

Are retroactive tax increases constitutional or even fair? Until now, the capital gain tax rate was zero, 15% or 20% depending on your income. In some cases, you add the Obamacare tax of 3.8%, but at worst, your total tax bill is 23.8%.…

As the final day of budget talks draws to a close, real estate associations led by the Real Estate Consultants Association (RECA) continue to protest as their demands over the amendment to Article 37 of the Finance Bill 2021-22 seems to…

As the last day of budget discussions draws to a close, the real estate associations led by the Association of Real Estate Advisors (RECA) continue to protest because their demands concerning the amendment of article 37 of the 2021 finance…

Most income is ordinary, including payment for services, interest, business profits, dividends, money for winning the lottery, and most other payments. But for generations there has been a big tax break for long-term capital gains, those…

Capital gains tax is the tax you are liable to pay on the profits made from the sale of your assets, such as stocks, bonds or property during the calendar year. How much will I be taxed? When the object of!-->…

Tax hikes are coming - in fact, they're already in effect, assuming they're passed as proposed. The “it's already working” rule is designed to keep the sale from going under the wire. The success of…

Tax hikes are coming - in fact, they're already in effect, assuming they pass as proposed. The "it's already effective" rule is designed to prevent the sale from going under the wire. The success of this strategy depends on the quality of…

Shattering neighborhood for the iPhoneThe iPhone, much like the rest of the Cupertino business, will face some easy comparisons this time around - the comparable period of a COVID-19 pandemic in 2020 saw revenues stagnate, the worst figure!-->…

U.S. stocks saw their biggest drop in five weeks after President Joe Biden reportedly offered to nearly double the capital gains tax for the rich. The dollar has gone up. The S&P 500 fell after Bloomberg News reported that for those…

As the news broke, the Dow Jones changed direction and fell sharply. Stocks are stretching down; Dow Jones Falls 1% or Nearly 350 Points After Reports Biden to Offer to Raise…

US stocks suffered their biggest drop in five weeks after President Joe Biden reportedly proposed to nearly double capital gains taxes for the wealthy. The dollar has risen. The S&P 500 fell after Bloomberg News reported that for…

Liberal delegates to the party's political convention overwhelmingly endorsed a resolution calling for the establishment of a universal basic income (RUB) in Canada, while rejecting a call to raise capital gains taxes.By a vote of 77%,…

Liberal delegates to the party's policy convention overwhelmingly supported a resolution calling for the establishment of a universal basic income (UBI) in Canada, while also rejecting a call to increase the capital gains tax. By a vote…

Economic news for Tuesday, March 30, 2021 Source: www.ghanaweb.com 2021-03-30 Mr. Ekow Afedzie, Managing Director of the Ghana Stock Exchange The Managing Director of Ghana Stock Exchange, GSE, Ekow Afedzie welcomed the government's…

Each state remains keen to attract foreign direct investment (FDI). Tax policy is one of the many key determinants that encourage FDI. Therefore, developing countries have adopted a more positive attitude towards taxation of…

“The Indian rupee closed flat against the US dollar on Tuesday, as importers' purchases of greenbacks offset the impact of a weak dollar index,” said Sriram Iyer, senior research analyst at Reliance…

Section 45 (4) of the Income Tax Act 1961 (“the Act”) imposes a tax on capital…

COMMENT: For about four months of work, Sir Michael Cullen was paid $ 84,000. Set that aside and it's over $ 250,000 a year. $ 84,000 is more than the average salary of people in major centers who work full time.And $ 84,000 is Cullen's…

Through Mariya Paliwala - August 11, 2020 8:52 p.m. The Madras High Court ruled that the appraised was entitled to an exemption under Section 47 (v) of the Income Tax Act in respect of the transfer of land to its holding…

Through Taxscan team - August 4, 2020 7:16 p.m. The Income Tax Appeals Tribunal (ITAT), Mumbai, ruled that income from surrender of the right to a property cannot be treated as a "capital gain" for tax purposes. collection of…

Through Taxscan team - July 20, 2020 12:09 a.m. The Karnataka High Court ruled that the land held as shares, transferred to the HUF partition, did not amount to a conversion to "fixed assets" for the purpose of imposing a capital…

By Taxscan team - July 6, 2020 1:25 p.m. The Income Tax Appeal Tribunal (ITAT), Pune Bank, has ruled that income tax may be levied on the amount of capital gain on the transfer of land used for agricultural purposes if new land is…

Through Mariya Paliwala - May 27, 2020 2:15 p.m. The Income Tax Appeal Tribunal (ITAT), Hyderabad, recently ruled that the obligation to pay capital gains tax would attract despite the appraisee signing a waiver deed waiving all…

KUALA LUMPUR (April 13): Axiata Group Bhd has settled the US $ 185 million (RM800.2 million) requested by the Nepalese government for overdue capital gains tax, as well as 990 , 3 million Nepalese rupees (RM 35.3 million) in interest, in…

Indore: The income tax service will tighten the stranglehold on those who escape capital gains tax. To verify this, the department requested information on the 2016 real estate property registers from the state government.…

Bill Gates is concerned about the high budget deficits in the United States and has said that if taxes are eventually raised to make up for the shortfall, then it would be appropriate for the wealthy to pay much higher taxes. “We…

PATNA: The Income Tax (IT) department notified 850 landowners in and around the state capital of evading capital gains tax and asked them to file returns by March 31 this year, Senior Chief Income Tax Commissioner (Bihar & Jharkhand)…

In his testimony regarding GamPetroleum today at the Janneh Commission, Gambian magnate Mr. Amadou Samba said he paid D 9,434,250.00 in capital gains tax on the sale of his actions in government. He!-->!-->…

Ramalingam K, Certified Financial Planner and Investment AdvisorDirector, Holistic Investment PlannersChennai One of our distinguished Ministers of Finance made this famous statement in one of his speeches: "Even God wouldn't pay…

New Delhi: Power Finance Corporation Ltd (PFC), the state-owned lender to the power sector, today announced that the government has authorized it to raise bonds eligible for exemption from capital gains tax. values ​​under Section 54EC of…

Through Ines LiuHong Kong entered into a Double Taxation Agreement (DTA) with China in 2006. The treaty acts as a means of avoiding double taxation and combating tax evasion, improving the ties between the two jurisdictions by…

Dear tax speech,I bought a property in 2009 for $ 235,000 and made improvements worth $ 50,000. It was our primary residence from July 2009 to April 2015. Since May 2015, it has become a rental property. Now we are…

ISLAMABAD: Federal Finance Minister Ishaq Dar said on Sunday that capital gains tax (CGT) will not be applicable on the sale of land donated to armed forces personnel."The CGT will not be applicable on the sale of plots handed over to…

On May 10, 2016, India and Mauritius signed a new protocol (the "Protocol") amending the existing Convention between the Government of Mauritius and the Government of the Republic of India for the avoidance of double taxation and the…

NEW DELHI: To increase the participation of individuals in mutual funds, Finance Minister Arun Jaitley today proposed to extend the capital gains tax exemption to the merger of different schemes into an MF diet. Currently, capital gains tax…

In today's world, buying and selling properties is part of an investment portfolio. When selling the property, saving on capital gains tax is one of the important aspects for the seller of the property.Capital gain refers to the…

This may seem like a dormant development, not a dramatic turn of events. After all, it's just a new form for reporting the same old thing, gains or losses from stock, real estate or other investments. Corn nothing which has an impact…

Asked by RuthMay 21, 2010 at 6:20 p.m.Richard, my mother-in-law passed away, but before that she put her house in my husband's name. How much do we have to pay in capital gains tax? Answer: Ruth - My answer is based on the information you…