• Sat, November 30, 2024

by: Bill Williamson

Now 50 products to be considered to calculate inflation

by: Bill Williamson

The Ex-Files: Can I make a claim for occupational rent post-separation?

Q: My ex-partner and I lived together for eight years. We were in the family home for that period. For the last four years, my ex-partner and our 10-year-old child have remained living in the family home,

by: Bill Williamson

The big forex headache

IN recent weeks, much has been said by the public, economists, finance professionals and Government officials on the acute foreign exchange problem prevailing in the country. There have also been

by: Bill Williamson

Planting for Food and Jobs had potential but poorly executed - Dr. Duffuor

Former Finance Minister Dr. Kwabena Duffuor has described the government's planting for food and jobs as an initiative with good potential but poorly executed.

by: Bill Williamson

Jensen Huang shares the pick-up line he used in college when he first met his wife

"I had no idea what I was talking about. And then we got married. That's all the advice I'm going to give all the entrepreneurs."

by: Bill Williamson

I'm a successful entrepreneur, and there are 3 reasons I don't believe in the advice to 'live on less than you make'

Entrepreneur Jen Glantz says she wouldn't have been able to get her business off the ground if she'd followed the advice to "live below your means."

by: Bill Williamson

Ireland's centre-right parties close in on re-election, likely to need new partner

Ireland's two large centre-right parties looked set to be returned to power after an election on Friday, but will likely need at least one smaller partner to secure a majority, raising questions over the stability of the next government.

by: Bill Williamson

Entrepreneurs transforming agric through tech

By leveraging agritech, data analytics, and climate-smart farming techniques, they empower smallholder farmers, improve productivity, and create employment opportunities.

by: Bill Williamson

UK business confidence lowest since COVID pandemic, IoD says

by: Bill Williamson

Aries Horoscope for December: Love, health, and wealth predictions

December 2024 presents Aries with initial challenges in health and emotions, followed by improvements in career, relationships, and finances. Patience

by: Bill Williamson

Physical gold bars, paper gold or gold jewellery? Investors share what they invest in

by: Bill Williamson

Why the cost of your daily coffee is set to skyrocket

Adding to pricing pressures is the severe drop in Robusta coffee produced in Vietnam due to Typhoon Yagi and its damage to crop fields. Robusta and Arabica beans tend to be supplementary, meaning a decrease in the supply of one leads to an increase in price of the other.

by: Bill Williamson

Crypto Markets Have Grown, But They Still Haven't Grown Up

Bitcoin and crypto more broadly have seen a resurgence since Trump's election victory became clear, but many investors still aren't convinced the sector is sustainable.

by: Bill Williamson

Crores lost to 'digital arrest' scam: Here's how to avoid falling victim

A 90-year-old Gujarat man lost Rs 1 crore to fraudsters posing as CBI officers. Here's how you can protect yourself

by: Bill Williamson

Liberals, NDP pass bill to enact two-month GST holiday in House of Commons

The Liberals' GST holiday bill is one step closer to becoming law after it was passed by a majority of the House of Commons late Thursday night.

by: Bill Williamson

Weighted average lending rate on fresh rupee loans of SCBs stand at 9.54% in Oct-24 compared 9.37% in Sep-24

by: Bill Williamson

Is Medical Properties Trust Stock a Buy?

With a high forward dividend yield of 7.4%, Medical Properties Trust (NYSE: MPW) is of natural interest to investors seeking an income stream in their portfolios. Its business model, if executed conservatively,

by: Bill Williamson

Why stamp duty on mutual fund registration?

by: Bill Williamson

5 Must-Read Books For The High Achievers On Your Holiday Gift List

The holidays are the perfect time to invest in self-improvement. Elevate your career, finances, and overall happiness with these new books.

by: Bill Williamson

Invest in banking like Warren Buffett: Own a 'castle'

Among Berkshire Hathaway's largest holdings is a financial information-services company. The sector's results speak for themselves.

by: Bill Williamson

Five money habits to put you on the road to financial success in 2025

Another year is nearly over and January is almost here with its weeks of financial stress, unless you have new money habits.

by: Bill Williamson

Trump's tariffs could push up the price of your favorite beer (and tequila)

If President-elect Donald Trump follows through with proposals to impose a 25% tariff on all items from Canada and Mexico, the result would be a stiff penalty on some of America's favorite libations, not to mention the No. 1 beer brand in the nation: Modelo.

by: Bill Williamson

The Most-Searched Credit Cards of 2024

by: Bill Williamson

Top 10 Business Schools in the USA 2024 | Management Universities

Discover the top 10 management colleges in the USA for 2024, featuring institutions like Stanford, Harvard, and Wharton for the best MBA programs.

by: Bill Williamson

Investing With Friends and Family: 4 Dos and 3 Don'ts

If you're like most people, you have a few regrets when it comes to money. 80% of Americans say they have financial regrets in some form or another, according to a survey conducted by Quicken.

by: Bill Williamson

CBDT extends income tax return filing deadline for FY24 to Dec 15

Tax authorities have extended the income tax return filing deadline by another 15 days to December 15 for the financial year 2023-24.

by: Bill Williamson

A boomer moved to Panama so her retirement would be more affordable. Now she's struggling to find a job and her dream is slipping away.

A boomer moved to Panama from California to save money. She said she's struggling to find work and relying on side hustles to pay the bills.

by: Bill Williamson

December horoscope 2024: Know about career, health & relationship for your zodiac sign

December Horoscope 2024: December is a special month overall. It is a month of festivities - Christmas, New Year's Eve, and Winter Solstice makes it meaningful, joyful, and reflective. It is a good month for meditation and manifestation as well. Let's dive deep and see the December 2024 horoscope for all the zodiac signs.

by: Bill Williamson

Universal healthcare - lessons from the past

My husband and I have begun to do our research to determine where we would like to retire. Bermuda is definitely high on the list, but there are several factors that are not ideal for retirees, one

by: Bill Williamson

'Not exactly a political powerhouse': Conservatives left scratching their heads at Trump's labor pick

by: Bill Williamson

Tax Software vs a Tax Professional: Which Should You Choose?

How complex are your taxes? Here's how you can decide whether you can go the easy route or need the help of a pro.

by: Bill Williamson

Vietnam approves $67 billion high-speed railway project between Hanoi and Ho Chi Minh city

by: Bill Williamson

India Inc thrilled over FinMin's proposal to hike FDI limit in insurance sector to 100%

by: Bill Williamson

French finance minister says budget can still be improved

French Finance Minister Antoine Armand said on Saturday that the 2025 budget could still be improved, but stopped short of giving ground in a standoff with the far right over new concessions.

by: Bill Williamson

Unlocking Africa's Economic Potential: Sean Michael Brehm On The Role Of Decentralized Edge And Quantum Computing

Africa, rich in natural resources yet hindered by infrastructure challenges, is poised for a technological revolution that could transform its role in the global economy. With the global commodities market set to grow significantly in the coming years,

by: Bill Williamson

TVS Holdings receives RBI approval for acquisition and change in management of Home Credit India Finance

by: Bill Williamson

FM Sitharaman urges regional rural banks to onboard customers to digital services like mobile banking by Dec 2024

by: Bill Williamson

JSW MG surges in sales: Is this the disruption electric car market needs?

In September, JSW MG Motor India, the newly minted joint venture between SAIC Motor, which is present in 100 countries, and Indian conglomerate JSW Group, launched the Windsor, an electric car that introduced battery as a service (BaaS).

by: Bill Williamson

Real estate query: Leasehold vs Freehold Property - What's the difference and which is more beneficial?

A leasehold property is essentially a property that a lessee or tenant agrees to rent from a lessor for a predetermined period, while in freehold property, the owner has absolute and permanent ownership of both the land and the building.

by: Bill Williamson

Ripple poised for New York approval of stablecoin, set to enter regulated US crypto market

The approval by the New York Department of Financial Services means that Ripple will be allowed to legally offer its stablecoin through a so-called limited purpose trust charter.

by: Bill Williamson

Cyprus Business Now: tourism performance, government surplus, SME funding

Tourism revenue in Cyprus reached €454.1 million in September 2024, according to the statistical service's passenger survey. This marks a 6 per cent increase compared to September 2023, when tourism revenue stood at €428.

by: Bill Williamson

Tax Query: Long and short of residential capital gains tax

  • Sun, December 1, 2024

by: Bill Williamson

Warning over cybercrime surge in South Africa this holiday season

Cybersecurity experts are warning of a rise of Business Email Compromise schemes as the year draws to a close.

by: Bill Williamson

40 per cent of Ugandans live below the poverty line

Despite various poverty alleviation efforts, challenges such as corruption, inadequate financial literacy, and dependency continue to hinder progress

by: Bill Williamson

The BIBF and Tamkeen launch Sales Graduate Development Programme for Bahraini job seekers

by: Bill Williamson

RevFin eyes financing 2 mn vehicles, Rs 20k cr loan payment in 5 yrs: CEO

Electric vehicle financing digital platform RevFin is aiming to finance 20 lakh vehicles in the next five years, translating to loan disbursements of nearly Rs 20,000 crore, according to the company's founder and CEO Sameer Aggarwal.

by: Bill Williamson

5-Day Working Week For All Bank Employees Likely From December

The long-standing demand for a 5-day work week in India's banking sector is nearing fruition. Currently, bank branches remain closed on second and fourth Saturdays, along with all Sundays. However, under the proposed system,

by: Bill Williamson

Can you exceed your credit card limit? Pros, cons, and tips to manage it

Tax Query: Long and short of residential capital gains tax

Under Section 54 of the Income Tax Act, 1961, you can claim an exemption from capital gains tax on the sale of a long-term residential property if the proceeds are reinvested into another residential property within the prescribed timelines—one year before or two years after purchase,
The article from The Hindu Business Line discusses the nuances of capital gains tax on residential property in India. It explains that when selling a residential property, the tax implications depend on whether the gains are classified as long-term or short-term. Long-term capital gains (LTCG) arise if the property is held for more than 24 months, taxed at 20% with indexation benefits, which adjust the purchase price for inflation, thereby reducing the taxable gain. Short-term capital gains (STCG) apply if the property is sold within 24 months of purchase, and these are taxed at the individual's applicable slab rate. The article also touches upon exemptions available under sections like 54 and 54F of the Income Tax Act, which allow for tax exemptions if the gains are reinvested in another residential property or specified bonds within certain time frames. Additionally, it highlights the importance of understanding the tax implications before selling property to optimize tax liability.

Read the Full Business Line Article at:
https://www.thehindubusinessline.com/portfolio/personal-finance/tax-query-long-and-short-of-residential-capital-gains-tax/article68927113.ece

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