One of the key outcomes driving investor behaviour is “how to reduce taxes”. It is an obsession. Now, how many of you know that the Income Tax department itself gives you ways to reduce your taxes on certain capital gains. Let us see how. For starters, when you sell assets such as equity, mutual funds, […]
Is it time to skip balanced funds, post LTCG tax? – Reader Query
A reader wants to know that after the LTCG tax, does investment in a large cap + debt fund combo expected to generate a better tax adjusted return versus investing in one of the balanced funds. We find out. Here is the query: With LTCG on equity, without any indexation, debt funds can be more attractive […]
Long Term Capital Gains Tax and the Grandfather
Several people were suspecting Long Term Capital Gains Tax to make a comeback. Frankly, I wasn’t. Now that it has come, it is causing a lot of confusion. Let me attempt to clear the air here. OK. So what did the finance minister propose? Long Term capital gains tax on equity was zero till January […]
Now calculate capital gains in mutual funds, easily
If you have recently sold a stock or a mutual fund investment, you need to report capital gains or loss as a part of your income tax returns. I am sure, like me, you too find the concept of capital gain or loss esoteric to understand. Yes? Well, not anymore. Here’s a quick primer on what is capital gain […]
