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Capital gain tax
DRI investigation finds Coca Cola evaded capital gains tax, recommends action against 15 executives…
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…
What is capital gains tax? – The Observer
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…
Critics sound the alarm over possible retroactive capital gains tax hike
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%.…
The real estate association still protests against the new capital gains tax regime
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…
43.4% capital gains tax? 10 things to know
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 on the sale of your property
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!-->…
Biden retroactively doubles capital gains tax but retains $ 10 million benefit
Tax hikes are coming - in fact, they're already in effect, assuming they're passed as proposed. The âit's already workingâ rule is designed to keep the sale from going under the wire. The success of…
Apple Stock This Week: Profit Snapshot, Spring Event, Capital Gains Tax, and More
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!-->…
Biden administration plans 43.4% capital gains tax rate
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…
Stocks fall on Biden’s plan to waive capital gains tax
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…
Shares drop on Biden plan to raise capital gains tax
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…
Liberal delegates support universal basic income, reject hike in capital gains tax
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…
Suspension of 5% capital gains tax to attract potential investors – GSE MD
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…
Resolving Capital Gains Tax Confusion
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…
Capital gains tax in Ulips if premium exceeds Rs 2.5 lakh / year – Check details
âThe Indian rupee closed flat against the US dollar on Tuesday, as importers' purchases of greenbacks offset the impact of a weak dollar index,â said Sriram Iyer, senior research analyst at Reliance…
Capital gains tax on the distribution of assets to partners: the story of “OtherWise”
Section 45 (4) of the Income Tax Act 1961 (âthe Actâ) imposes a tax on capital…
Mike Hosking: 84,000 Questions for Sir Michael Cullen and the Capital Gains Tax Plan
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…
Sale of land to a holding company exempt from capital gains tax: Madras HC
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…
No capital gains tax on income from waiver of rights: ITAT
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…
No capital gains tax on conversion of land held as shares, transferred during HUF partition
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…
The capital gains tax is attractive despite the signing by the assessor of a waiver waiving his…
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…
Axiata settles $ 185 million capital gains tax payment with Nepal
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…
Income Tax Department tightens the noose on capital gains tax evaders
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 backs capital gains tax as the best way to exploit ‘big fortunes’
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…
capital gains tax: Computer notice to 850 for non-payment of capital gains tax | Patna News
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)…
Gambia: “I paid over 9 million Dalasis in capital gains tax,” Amadou Samba told the…
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!-->!-->…
Power Finance Corp to Launch Inaugural Bonds Allowing Capital Gains Tax Exemption, Energy News, ET…
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…
Case Study: Tax Treatment of Capital Gains – Part 2: Calculating Capital Gains Tax
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…
Must tax on capital gains on the main residence converted into a rental?
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…
Capital gains tax not applicable on sale of land from armed forces, according to Dar –…
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…
New India-Mauritius tax treaty protocol closes capital gains tax loophole
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…
Budget 2016: FM extends capital gains tax on merging different schemes into MF
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…
Tax savings on capital gains on the sale of real estate
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…
New Capital Gains Tax Return for 2011 Tax Returns
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…
What is the capital gains tax on this donation?
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…