Impact of taxation on Mutual Funds and Stocks

ByBalachandran Viswaram

We had a golden period from 2004 to 2018 wherein the capital gains were exempted from taxes. Arun Jaitley – Finance Minister(then), re-introduced long-term capital gains (LTCG) in 2018 to squeeze out additional revenues for the central government. LTCG was 10% then and is currently 12.5%. FIIs vs Indian retail investors Capital markets react inversly…

Upto 12 lakhs income — “no TAX”. Will it move the markets, I don't think so.

ByBalachandran Viswaram

The incumbent BJP Government, known for its love for higher taxes surprisingly gave an income-tax cut for the Indian middle class. On 1st February, Nirmala Sitharaman announced that the direct taxes of people with a salary up to 12 lakhs per year will have zero taxes. She also mentioned that the losses to the government…