Income Tax · Topic
Capital Gains & Markets
Listed equity, F&O, share buybacks, sovereign gold bonds, and the pre/post-23-July-2024 capital-gains split.
Articles in this topic 5
- 01
Futures and Options Trading in 2026
Futures and Options trading has emerged as one of the most active investment streams in India -- daily National Stock Exchange Futures and Options turnover often exceeds INR 200 lakh crores. With Finance Act, 2024 amendments to Securities Transaction Tax rates (effectiv…
- 02
Share Buybacks Are Now Capital Gains
Finance Act, 2024 (No. 2) made a sweeping change effective 1 October 2024: the buy-back tax under section 115QA -- paid by the company at approximately 23% -- has been ABOLISHED. Buy-back proceeds are now taxed in the SHAREHOLDER's hands. This article unpacks the new fr…
- 03
Taxation of Sovereign Gold Bonds
Sovereign Gold Bonds issued by the Reserve Bank of India on behalf of the Government of India offer Indians a tax-efficient way to invest in gold without storage or quality concerns. Two key tax breaks make Sovereign Gold Bonds unique: (a) interest at 2.5% per annum (on…
- 04
Capital Gains Reporting
Finance Act, 2024 (No. 2) effective 23 July 2024 fundamentally restructured capital gains taxation. For financial year 2024-25 (assessment year 2025-26), every transaction in your Income-tax Return Schedule for Capital Gains must be classified as PRE-23 July 2024 or POS…
- 05
Futures and Options Trading -- Expenses Allowed and Disallowed
When a Futures and Options (F&O) trader walks into our office at the end of the financial year, the first question is rarely about how much profit was made -- it is about how much of that profit can legitimately be cushioned by expenses. The answer is governed by cl…