As per Budget 2020, dividends are now taxable in the hands of investors. There will be no Dividend Distribution Tax paid by the companies or mutual funds. Additionally, there is a TDS of 10% if the dividend paid is more than Rs. 5,000 in a financial year. Given the new tax rules, should you switch […]
Here’s how to get all your Mutual Fund Capital Gains statements for filing IT returns
If you are filing your income tax returns for the year 2018-19 and you also have made sell or switch transactions in mutual funds during that year, you are then required to calculate, show and pay your capital gains taxes. I have been getting questions too about capital gains report for mutual funds. Now, if […]
Capital gains tax on property sale – Here’s a calculator you can use
Taxes are always a pain, specially if you have sold a property, where capital gains tax applies. Calculation of capital gains tax on property sale needs a little more effort than usual. I am sharing with you a quick capital gains tax calculator you can use to estimate your tax liability. We will use a […]
