Capital Gains Exemption
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Govt exempts capital gains tax on FIIs' govt bond investments
With an aim to attract foreign capital, the government on Friday promulgated an ordinance to exempt capital gains tax on investments made by Foreign Institutional Investors in government securities, according to a PTI report. The move is aimed at making Indian debt markets more attractive to overseas investors while helping shield the economy from the effects of the continuing Iran conflict. The Union Cabinet, chaired by Prime Minister Narendra Modi, approved an ordinance on Wednesday to...
ITR filing FY 2025-26: Top 10 points to check before submitting tax return
It is that time of the year again, when focus shifts to Income Tax Return(‘ITR’) filing. The tax filing deadline for the Financial Year (‘FY’) 2025–26 is approaching and taxpayers have commenced to gather documents like Form No. 16, other tax deduction statements, investment proofs, bank interest statements, capital gains reports, and other necessary financial information for preparing and filing their tax returns. Besides compliance, ITR also serves as a vital document frequently reviewed...
India scraps tax on overseas bond investors in bid to attract foreign capital and shore up the rupee
India is doubling down on measures aimed at attracting foreign portfolio investments, as capital outflows hit a record high. The government on Friday announced that it has exempted foreign investors and the Bank for International Settlements — a global financial institution owned by central banks— from income tax on any interest or capital gains. The exemption will take effect from April 1, 2026, as per the government's release.
G-Secs rally as govt and RBI ease foreign investing rules
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Budget won't be to blame if house prices fall, housing minister says
Budget won't be to blame if house prices fall, housing minister says Sun 31 May 2026 at 10:52am In short: Clare O'Neil says suggestions the government's proposed tax changes could knock 10 per cent off the price of homes are overblown, and Treasury expects only a "mild" impact on price growth. The housing minister says if prices did fall sharply, it would not be due to the proposed changes to negative gearing and capital gains tax. The government is consulting on its proposed tax changes,...
Tax cuts, easier bond rules on the cards: How India plans to attract more foreign investment
In a bid to stem foreign capital outflow amid the Middle East crisis, the government is looking to do away with capital gains tax on foreign portfolio investors' holdings in government securities. The move will be part of efforts to attract greater overseas investment. The government is looking to cushion the economy from the impact of the ongoing Iran conflict.
India holds rates, ramps up measures to support faltering rupee
India holds rates, ramps up measures to support faltering rupee MUMBAI, June 5 : The Reserve Bank of India held its policy rate steady on Friday and unveiled steps to pull in dollars, seeking to shore up an embattled rupee as the economy grapples with costly oil and foreign outflows. The measures include scrapping capital gains tax for foreign holders of government bonds, sweetening dollar deposit schemes for non-resident Indians, and subsidising hedging costs for offshore borrowing. The...
Tax moves aim to boost government securities market, not just rupee
Coordinated moves by government and Reserve Bank of India (RBI) on Friday are not just meant to improve foreign exchange inflows and boost the rupee but also meet a more long-term objective of deepening the government securities market with the entry of larger and stable players, widening the pool of investors beyond banks and financial institutions, which dominate the market currently. Officials privy to the discussions said they had been taking place for months, but the intensity increased...
From tax waivers to free hedges, RBI & govt join hands to boost Rupee
In a coordinated move, govt and RBI Friday rolled out a clutch of measures aimed at attracting foreign portfolio investors and non-resident funds to govt bonds and bank deposits. The strategy is as much about sentiment as it is about flows: signalling openness, easing friction, and offering a small subsidy from RBI in the form of free insurance cover to banks against rupee depreciation. As a result, the rupee gained by 84 paise to close at 94.95 compared with Thursday's close of 95.79 - its...