Short term capital gains tax increased to 15% !!!!!
The market is a place where people with money meet people with experience.
The people with experience get the money while people with money get experience!
Securities Transaction Tax is a deductible expenditure from now on
- what does this mean?
The market is a place where people with money meet people with experience.
The people with experience get the money while people with money get experience!
Joined: 01/Jan/2006
Location: India
Online Status: Offline
Posts: 18403
Posted: 29/Feb/2008 at 12:21pm
Originally posted by basant
Banks will be reimbursed. I do not want to think of something like an Oil Bond!!!
Increase in personal tax exemption limit to be positive for consumer companies, banks that are catering to the up market citizen and normally to everyone who is dealing with that class of people..
Increase in short term capital gains is a big negative.
Wanted to add that increase in short term capital gains will hit the already wounded brokerages.Reduction in set top boxes could stop DIsh TV from sliding further.
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But isnt that already available currently? Poeple who show their capital gains as their business income can currently reduce STT from the tax liability - Basant can clarify this, after all, he falls in that category!
Originally posted by nitin_jagtap
STT from a business income perspective can now be shown as expenditure I guess.
The market is a place where people with money meet people with experience.
The people with experience get the money while people with money get experience!
Five year tax holiday for setting up hospitals in
tier II and tier III regions for providing healthcare in rural areas
from April 1, 2008.
One of the best things he has announced in recent budgets!!
The market is a place where people with money meet people with experience.
The people with experience get the money while people with money get experience!
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