Thu, Apr 18, 2024
Mutual fund investors invest through a systematic investment plan (SIP) or lump sum. Capital gains made in both ways are taxed as short-term and long-term capital gains. Short-term capital gains are taxed at a 15 per cent rate, while long-term capital gains are taxed at 10 per cent. One gets Rs 1 lakh tax relaxation on long-term capital gains. Beyond those gains, they have to pay a 10 per cent tax. Know more about such tax intricacies through expert calculations.
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Fri, Apr 05, 2024
Tax-loss Harvesting Strategy: The intention behind tax loss harvesting is to sell securities at a loss to offset capital gains from other investments or to reduce taxable income.
Sun, Jul 02, 2023
Investment appreciation has become really common these, but the knowledge of capital gains is essential as one can use it to reduce their tax liability. And to claim exemptions and save on capital gains tax, taxpayers must know the ins and outs of the Sections 54 and 54F of the Income Tax Act which deal with capital gains and how taxpayers can save tax on sale of long-term assets and residential property.
Fri, Aug 26, 2016
Earlier this week, the Cabinet gave its approval for the signing of the India-Cyprus Double Taxation Avoidance Agreement (DTAA) which will allow India to tax the capital gains of the companies based in India.
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