Capital Gains Tax, Personal Income Tax Slab – Let’s see all the tax changes the Budget 2024 has brought in.
[Tax] Lighthouse – April 2023 Edition
The Finance Bill 2023 was passed in the Parliament in the last week of March. It had some new tax provision changes, sneaked in the last minute. Debt Funds and REITs got a further tax burden with additional tax compliance. Benjamin Franklin has been known to say, “there are only 2 certainties in life – […]
Quiz 2020 – Can you navigate the tax landscape, unhurt?
As you know, several tax changes have been introduced over the last couple of years related to all your favourite investment options and financial planning tools. Do you grasp them all? Let’s find out. Here is a fun quiz (updated for year 2020) to help you know how ready are you to navigate the tax […]
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 […]
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 […]
