Investment trusts, ETFs exempted from capital gains tax in GIFT City

The government has exempted units of investment trusts and ETFs issued by entities based in GIFT City or traded in exchanges there from capital gains tax. Photograph: Amit Dave/Reuters The Central......

Tax norms for charitable trusts get stricter

The income-tax (I-T) authorities have tightened disclosure norms for charitable trusts. Image used for representation purose only. Photograph: Jorge Silva/Reuters They now have to declare the......

Long-term tax sops for select debt MFs scrapped

Debt mutual funds are likely to be stripped of the long-term tax benefit if they invest less than 35 per cent of their assets in equities. Illustration: Dominic Xavier/Rediff.com Such mutual funds......

Non-resident taxpayers can now manually file Form 10F till March 31

The income tax department has allowed non-resident taxpayers not having PAN to file Form 10F manually till March 31, 2023, a move which would ease their compliance burden and enable them to claim......