financetom
Business
financetom
/
Business
/
Newsletter | How to save tax on 'long term capital gains' on sale of property and shares; Threads faces a dip in user engagement & more
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Newsletter | How to save tax on 'long term capital gains' on sale of property and shares; Threads faces a dip in user engagement & more
Jul 24, 2023 3:29 AM

Here's a rundown of 11 significant news stories to keep you in the know:

Share Market Live

NSE

#MostRead⚡

Manipur video: Grabbed my breasts, threatened to kill, police didn't help — Survivors share harrowing details

"I did as they (mob) told me, and three men surrounded me... One of them told the other, ‘let’s rape her’, but..."

The plight of the two Manipur women seen in the viral video shot on May 4 in Kangpokpi district is unimaginable. As the video garnered condemnation from Prime Minister Narendra Modi, Bollywood actor Akshay Kumar and other top leaders and celebrities, reports have emerged citing the two survivors sharing harrowing details of the May 4 incident.

One of the two women seen in the viral Manipur video said the "Meitei mob" threatened to kill her if she didn't take off her clothes. "When we resisted, they told me: ‘If you don’t take off your clothes, we will kill you’,” the woman, who is in her forties, told Scroll.

How to save tax on 'long term capital gains' on sale of property and shares — explained

The Indian taxation system incorporates a complex framework with the primary objective of ensuring the government's revenue collection for effective functioning. Long-term capital gains tax has consistently been a concern for taxpayers, particularly those involved in the sale of immovable properties such as land or buildings.

To overcome tax liabilities and promote investment in the real estate sector, the Income Tax Act introduced Section 54 and Section 54F. This provision alleviates the tax burden on individuals' gains from selling a property, listed/unlisted shares etc., fostering economic growth. In the realm of investments and financial planning, understanding the intricacies of long-term capital gains and their taxation is paramount.

#TechTalks

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US FDA says 75 people taken ill from McDonald's E.coli outbreak
US FDA says 75 people taken ill from McDonald's E.coli outbreak
Nov 3, 2024
Oct 25 (Reuters) - The U.S. Food and Drug Administration said on Friday that 75 persons have been infected from the E.coli outbreak linked to McDonald's Quarter Pounder hamburgers. The infections had killed one person, sickened 49 and hospitalized 10 across the U.S. West and Midwest, the CDC had said on Oct. 22. ...
RBC Capital on Waste Connections' Q3
RBC Capital on Waste Connections' Q3
Nov 3, 2024
11:10 AM EDT, 10/25/2024 (MT Newswires) -- Waste Connections ( WCN ) reported third quarter results that were modestly ahead of RBC/consensus expectations, while 2024 guidance was nudged higher, notes RBC analyst Sabahat Khan. The company also provided initial 2025 commentary, which Khan believes has upside potential as it executes against its M&A opportunity set. Overall, a textbook quarter from...
Apple's iPhone SE Could Be 'Cannibalistic' to iPhone 16 Sales, KeyBanc Says
Apple's iPhone SE Could Be 'Cannibalistic' to iPhone 16 Sales, KeyBanc Says
Nov 3, 2024
11:06 AM EDT, 10/25/2024 (MT Newswires) -- Apple's ( AAPL ) iPhone SE is not additive to iPhone sales but could be cannibalistic, KeyBanc said in a Thursday note following a consumer survey. KeyBanc said the survey showed that 59% of respondents are interested in upgrading to iPhone 16, but those respondents who are likely or extremely likely to upgrade...
Why Intel Stock Is Rising
Why Intel Stock Is Rising
Nov 3, 2024
Intel Corp ( INTC ) shares are trading higher by 3.67% to $23.16 during Friday’s session after the company unveiled plans for an initial investment exceeding $28 billion to establish semiconductor factories in Licking County, Ohio. The company says this initiative is part of Intel’s IDM 2.0 strategy, aimed at bolstering production capabilities to meet the skyrocketing demand for advanced...
Copyright 2023-2026 - www.financetom.com All Rights Reserved