Tax occupies the biggest space in our minds. It is the first cell that is activated in any individuals brain after s/he gets the first pay cheque. It is the most feared and yet the most sought after game. You and I relish it. We spend inordinate amount of time trying to save taxes, so […]
How to calculate your Capital Gains Tax on Mutual Funds in 2019
The year 2018 saw the introduction of long term capital gains tax on equity investments (mutual funds or direct stocks) at the rate of 10%+surcharge. As you file your tax returns, here are some key points to wade through the calculations. If you have sold your equity investment (held for more than 1 year) in […]
The truth about no income tax upto Rs. 5 lakhs – Budget 2019
There will be no income tax payable by individuals whose taxable income is upto Rs. 5 lakhs. This is the announcement made by the Finance Minister as he presented the Interim Budget 2019. Unfortunately, many individuals read this as the income tax slab revision and hence no one pays tax upto Rs. 5 lakhs. Here’s […]
STP and taxation in mutual funds – Query
Taxation continues to be a complex subject for most investors. Different tax rules apply based on what you choose – Growth vs Dividend or Debt vs Equity. Here’s a specific question on taxation in mutual funds in an STP mode. A reader sends this query: Sir I am planning to make STP from SBI Liquid […]
Capital Gains Tax – All that you need to know in a single place
Starting April 2018, the scope of capital gains tax has increased. Even your direct stocks and mutual funds are now subject to long term capital gains tax. There was no long term capital gains tax till March 31, 2018. So, real estate, gold, bonds, debt funds, etc have always been subject to short and long […]
