All Feeds by: SATISH MAKHIJA

6 months ago

In order to boost the equity markets it is suggested that Long Term Capital Gains on equity shares be exempt only if 50 percent of the gains are reinvested in the Stock market within a period of 3 months

6 months ago

At present the redemption of tax saving mutual funds under Sec 80C is exempt from tax. It is suggested to impose a 10 percent tax on profits made on redemption without indexation or at 20 percent after indexation whichever is lower

6 months ago

Please scrap Sec 44AD, Sec 44ADA and all Sections pertaining to Presumptive taxation as that is the most abused Section which gives the Assessee the freedom to declare lower profits without questions being asked. Otherwise amend the Section clearly to state that the Assessee should declare 8 percent of Turnover or actual Profit made whichever is higher. Also since the Assessee is required to maintain books of accounts under GST why should that be not removed from the presumptive taxation Section