In the Finance Bill 2023, a new provision was sneaked in which impacts taxation on debt funds. It takes away one of the selling points of these funds against Bank FDs – long term capital gains tax along with indexation benefits. This has led to a flutter in the minds of investors and several questions […]
Surrender value taxation – must know insurance facts
It doesn’t need iterating that insurance (specially the investment variety) is a super complex product. Read through a product brochure and there are so many ifs and buts attached to any product. It is just not possible for a layperson to understand and evaluate the product and make an informed decision. Imagine those who bought the policies 10, 15 or 20 years ago. […]
Budget 2023: Let’s simplify
This is literally the theme of the Budget 2023 specially with personal income taxes. And that is the only thing I had wishes for – simplify! Expert after expert recommended a change in 80C limits, aligning capital gains taxes, increasing tax slabs, etc. The underlying idea was fine – reduce the burden on aam junta […]
How to save 9x tax?
Saving TAX occupies a significant part of our mind space, specially if we are in the 30% or higher tax bracket. Along with inflation, high taxes lead to a double whammy. Today, let’s discuss and understand a way to save 9x tax on our investments by shifting our tax liability from “income” to “capital gains”. […]
