COST Financial News

I bought a flat in Thiruvananthapuram in 1991 for Rs 3.75 lakh, which included registration charges and interior work costs at the time. This year, I sold it for Rs 43.5 lakh. I need clarification on capital gains, including indexation, as I understand real estate transactions preceding 2001 are still eligible for indexation benefits. How much tax will I have to pay? Will the gains be taxed at 20% or 12.5%? Sudhir Kaushik Co-founder & CEO, TaxSpanner: The tax liability amounts to Rs 5,97,750 lakh with indexation, but it will be lower if you opt for the method without indexation, as it will come to Rs 4,96,875. Based on the calculation, opting for the new capital gain tax at 12.5% without indexation will be beneficial for you by Rs 1,00,875. Also read | Capital gains tax changed, big relief for homeowners: 12.5% LTCG tax or 20% tax with indexation, which will reduce tax outgo?

Petronet LNG shares plunged as much as 6.7% on Thursday to Rs 324.05 on the BSE, pressured by critical remarks from the Petroleum and Natural Gas Regulatory Board (PNGRB) regarding tariff-related issues and a bearish note from brokerage firm Citi placing the stock under a 90-day negative watch. PNGRB has called out Petronet LNG for profiting at the expense of gas consumers and is pushing for a framework to regulate its regasification activities. The regulator criticized the company for “profiting immensely” by annually increasing tariffs at its Dahej terminal while failing to pass on the benefits of capacity expansions and improved utilization.

Subscribe to enjoy similar stories. As nations use more and more supposedly cheap solar and wind power, a strange thing happens: Our power bills get more expensive. This exposes the environmentalist lie that renewables have already outmatched fossil fuels and that the “green transition" is irreversible even under a second Trump administration.

Pakistan army took out its pent-up anger by carrying out airstrikes on an encampment of Pakistani nationals in Paktika province of Afghanistan on December 24, alleging that it was a training camp of Tehrik-e-Taliban Pakistan (TTP), a charge vehemently denied by the Afghan Taliban. The Taliban claimed that those killed were mostly women and children of refugees living there.

Indian banks are preparing to deal with rising compliance costs, compression in margin and intense competition for fee business, which could impact their earnings, banking analysts said.

Taylor Swift Bill." Every state is passing new legislation in the new year.

Subscribe to enjoy similar stories. Bhatinda/Hisar: For a while, Anmol has been under the weather. The past few months were hectic.

De Beers' 1947 slogan, “A diamond is forever", revolutionized the industry. The ad campaign established diamonds as the most romantic purchase, and the status is still paying off. 

As Canadians ring in the new year with cost of living top of mind, many would likely want to get ahead on their finances for 2025.

Subscribe to enjoy similar stories. My first car was a Maruti 800, as it was for millions of Indians who discovered the joys of driving with this wonder car. This little marvel not only revolutionised personal mobility but also laid the foundation for India’s automotive revolution, putting an entire subcontinent on wheels.

It’s been a rough few years for Canadians looking to break into home ownership as unaffordability issues persist across the country.

Subscribe to enjoy similar stories. Small southern films such asMartin andNaradan are now streaming on more than one platform, often in the same language, as producers look to maximise revenue and OTT players balk at paying high prices to acquire movies or retain exclusive rights of small and mid-budget movies. “It is a chance for a producer to unlock greater aggregated value across multiple platforms rather than have it stream exclusively on one service," producer Tanuj Garg said.

Subscribe to enjoy similar stories. What is the one important thing you can do now to take charge of your financial future? During a financial planning discussion, a client realized he had several major actions to take to streamline his finances. Although everything was clear, he was slightly overwhelmed and didn’t know where to start.

Subscribe to enjoy similar stories. The paint industry, long an oligopolistic stronghold with high entry barriers, is undergoing a shift. The entry of new players and evolving market dynamics have intensified competition, leaving established players scrambling to defend their turf.

Subscribe to enjoy similar stories. LVIV, Ukraine—It was the year of the explosive drone: speedy, agile craft the size of dinner plates that in 2024 became Ukraine’s main defensive weapon against massive Russian ground assaults. The new year will see the rise of killer robots, as computers take over more functions from human pilots, including flying to the battlefield and striking selected targets.

Subscribe to enjoy similar stories. Like Czar Nicholas II, Russian President Vladimir Putin has misidentified his primary foe. Fighting a war of choice, he allows the real menace to his country to gather strength.

McDonald's franchise owner Scott Rodrick says his business has experienced cost pressure since California's minimum wage increase targeting fast-food franchises on Maria Bartiromo's Wall Street.

new year upon us, India is making a second concerted attempt at reducing the cost of doing business (CoDB), with NITI Aayog planning to conduct a study on the issue. The original burst of administrative reforms pitchforked India into the top 100 in the World Bank's business-friendliness rankings. A second, deeper thrust could place it in the top 50 when the Bank renews its discontinued survey.

free streaming from January 3 to 5, 2025. This offer is open to all users with an Apple ID.

Subscribe to enjoy similar stories. What could Donald Trump’s victory in the US presidential election mean for the American and global economies? In a December 2016 commentary titled The Trump Boom?, I argued that despite concerns about Trump’s personality and economic policies, it was entirely plausible that the United States could experience robust GDP growth during his presidency—albeit with a risk of higher inflation. For the “crime" of trying to be objective and suggesting that the US economy might perform well under Trump, I was condemned by fellow economists and commentators, especially progressives.