capital gain tax

Kevin O'Leary has strongly criticized California's proposed wealth tax, deeming it 'un-American' and 'unconstitutional.' He predicts years of litigation due to the difficulty of valuing illiquid assets and argues the tax will accelerate the exodus of businesses and billionaires from the state.

Your pension has always been meant for retirement. Now, PFRDA wants to allow you to double it up as a healthcare cushion too.

The Indian rupee hit a historic low against the US dollar, pressured by corporate demand and soaring crude oil prices. Authorities are considering measures like incentivizing foreign currency deposits and easing tax rules for overseas investors to boost dollar inflows.

Commercial LPG cylinder prices have surged by nearly 50%, marking the highest single-day hike by state-owned oil firms. Domestic LPG, petrol, and diesel prices remain unchanged despite global energy cost increases. This move impacts industrial consumers and migrant populations relying on smaller commercial cylinders, while airlines face rising ATF costs.

The India-New Zealand FTA highlights that the provisions on student mobility, professional pathways, working holiday visa creates an unprecedented opportunity for Indian youth and professionals to gain global exposure.

The Indian rupee is facing significant pressure, weakening against the US dollar due to soaring crude oil prices driven by Middle East geopolitical tensions and persistent foreign fund outflows. Despite India's robust economic growth, the currency's slide continues as the Reserve Bank of India intervenes to curb volatility rather than target a specific exchange rate.

Every week TOI+ subscribers send in legal questions and our panel of leading experts offers well-considered, practical, and actionable opinions on every query. From property disputes to inheritance matters, divorce queries to income tax issues, My Lawyer connects you directly with experts you can trust

Mumbai is seeing its biggest infrastructure push yet with new expressways, a 16-line metro network, a second international airport, sea links and tunnels. Will it reshape how the city functions? Will it change where its people live and work? Will it improve the quality of life in India’s buzziest metropolis?

OpenAI's new policy paper warns current economic systems are unprepared for advanced AI, proposing tax reforms and a Public Wealth Fund for citizen benefit. This aligns with Vinod Khosla's call to eliminate income taxes for those earning under $100,000 and tax all income equally, suggesting a shift towards capital-based revenue to fund social programs and ensure shared AI-driven growth.

The Delhi High Court examined the impugned order and the reasons furnished by the petitioner and found no merit in the challenge. The Court specifically rejected the submissions that the petitioner’s lack of awareness of tax laws or his alleged illiteracy could justify the delay. It held that such a plea was not tenable in law.

In an effort to enhance urban governance and ensure equitable tax assessments, the Patna Municipal Corporation is embarking on an extensive city survey. This initiative is designed to uncover unregistered properties, validate self-assessed values, and identify any misuse of residential properties for commercial purposes.

From cheaper autonomy to costlier capital, a post-dollar world could test India’s economic model

India remains one of the strongest long-term growth stories in the world, but investors should consider diversifying their investments into other markets.

OpenAI has unveiled ambitious policy proposals for a future shaped by superintelligent AI. The company suggests significant shifts in taxation, worker benefits, and government programs. These ideas aim to address potential economic changes as AI advances. OpenAI's plan includes new tax structures and support for workers. The proposals also touch upon public investment funds and workforce transitions.

Women are actively investing in India, moving beyond traditional savings. While participation in mutual funds and equities is rising, independent control over financial decisions, particularly tax planning, is still developing. Younger women show greater comfort with digital platforms and goal-based investing. This shift signifies a growing financial awareness and engagement across the nation.

Gold and silver prices dipped in Delhi as investors grew cautious due to US President Trump's ultimatum to Iran regarding the Strait of Hormuz. Escalating Middle East tensions and fears of military action are impacting bullion markets. Global gold saw a slight rise, but dollar strength and oil price surges are creating volatility.

Gold prices in India displayed a mixed trend on Thursday. While futures trading saw a marginal increase on the MCX, supported by global cues, retail rates declined in several cities. However, select markets experienced a rise in gold prices due to local factors.