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The capital gains tax structure has also undergone changes: Short-Term Capital Gains (STCG): The tax rate on short-term capital gains from shares, mutual funds, and real estate has been increased from 15% to 20%. [9] Long-Term Capital Gains (LTCG): The tax rate on long-term capital gains has been set at 12.5%. Additionally, the exemption limit ...
Direct tax in the form of an income tax was introduced by Sir James Wilson in India in 1860 to overcome the difficulties created by the Indian Rebellion of 1857. [12] The organisational history of the Income-tax Department, however, starts in the year 1922, when the Income-tax Act [4], 1922 gave, for the first time, a specific nomenclature to various Income-tax authorities.
1 August 2024: 29 April 2025 Lieutenant General Raj Shukla (Retd.) Indian Army: Member: 18 July 2022 [23] 26 March 2027 Suman Sharma IRS Member 25 May 2023 24 May 2029 Bidyut Bihari Swain: IAS: Member: 1 June 2023 [24] 4 September 2028 Sanjay Verma IFS Member 1 February 2024 27 January 2030 Dr. Dinesh Dasa Academician Member 29 September 2023 ...
The Gazette of India is a public journal and an authorised legal document of the Government of India. [1] It is published weekly by the Directorate of Printing Department of Publication , a subordinate office of the Ministry of Housing and Urban Affairs and printed by the Government of India Press .
The tax policy is not limited to raising of revenue. As a part of the overall policy of the Government of India, the tax policy also serves as a tool to address several other objectives in the process of development of the country. These objectives may include providing for incentives and disincentives in the target areas/segments of the economy.
Strength training. She combines all that swimming with strength training.She says that she gets in the weight room twice a week for 30 minutes each time, with a primary focus on her shoulders and ...
2021/22 tax data shows a very wide income range on a state-by-state basis. ... Bank of America’s 2024 Study of Wealthy Individuals reported that 31% of investors with $3 million in investable ...
The receiver of the goods is eligible for Input Tax Credit, while the unregistered dealer is not. The central government released ₹ 352.98 billion (US$4.1 billion) to states as GST compensation. For the implementation, this amount was given to states to compensate for the revenue.