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......

No TCS on overseas spending of up to Rs 7 lakh via debit, credit cards: FinMin

The government on Friday announced that no tax will be charged on overseas spending of up to Rs 7 lakh in a year using debit or credit as it looked to douse backlash from its earlier decision of......

Securities transaction tax on F&O contracts to be hiked

The government on Friday proposed hiking the securities transaction tax on Futures & Options (F&O) contracts, a move that will increase the trading costs in the derivatives segment as well as help......