The Capital Gains Blog

Question: Inheritance of property?

I inherited a flat abt 1600 sq.ft in chennai from
my parents after their death, a year ago. Do I have to pay Capital Gain Tax on it? I have not rented it
out nor sold it to anyone, just furnished it and
keep using it. If capital gain has to be paid, what are
the ways of investment to avoid it.
savithri
capita

Answer: There is no Capital Gains Tax on property inherited by you. There will be capital gains only when you sell the property to someone.
If you have more than one house. Only one house can be taken as self-occupied and the other house is to be considered as deemed let out.

Beware advisers who bear investment bonds

Problems surrounding missold investment bonds have reached “epidemic” levels, according to independent financial advisers.

Accountants & Asesores Legal And Tax Advisors

Silver Thursday Plus 30

Gold saw a gain of $6.23 in Asia before it fell back off in London and saw a loss of $5.20 at as low as $1094.50 by a little after 8AM EST, but it then rose to a new session high of $1107.89 by early afternoon in New York and ended with a gain of 0.40%. Silver fell over 1% to as low as $16.712 before it also climbed back higher in New York and ended near its noontime high of $17.125 with a gain …

Manitex International, Inc. Reports Fourth Quarter and Full Year 2009 Results

Manitex International, Inc. , a leading provider of engineered lifting solutions including boom truck and rough terrain cranes, rough terrain forklifts, special mission oriented vehicles and specialized engineered trailers, today announced fourth quarter and full year 2009 results.

Question: What does “Reduce income and capital gains marginal tax rates” mean?

I’m studying for a final and one of the things on it is Reagan’s economic policy, which includes the quote above. I don’t really understand this at all; I don’t know if it’s the phrasing or what… Can anybody help me out?

Answer: It means that he reduced tax rates so taxpayers got to keep more of their own income and paid less in taxes. In theory, this type of move is believed to stimulate the economy by providing more money for people to spend on their own wishes and desires. If it works really well, then this increased spending causes more people to be hired, and more profits to be made, so that overall the economy grows.

Sometimes it has the effect of lowering government tax revenues, and can result in budget cuts for government programs, which takes government spending down (and might offset the increase in consumer spending).

Income taxes are taxes paid on regular income – like the W-2 you get each your, or self-employment income that is reported by a business owner.

Capital gains taxes are taxes paid on an asset that was held for investment and it increased in value – such as a share of stock, or a house you bought and sold later at a profit.

Budget 2010: ten ways to beat the stealth taxes

Once again, the Government is going for the jugular as it attacks your income and your wealth. But there are ways to fight back.

Question: What is the best stock management tool for indian stock markets ?

I want to be able to track capital gains , genertae reports, or see asset allocations, may be create an asset allocationplan etc from that software /service.
(Something LIKE micrsoft money but for indian markets..)

Answer: first set your portfolio on a wesite which is very good that will link you to current position! try 10paisa.com or moneycontrol.com or google it!

How open is open core and is that open enough

ZDNet: “The idea is that you make the center of your product open source, but put the rest under a paid license. This is supposed to make your venture capital backers happy. You gain the benefits of open source but customers aren’t “stealing” the software.”

Asian Markets Overview for March 4, 2010