Capital gains arising from transfer of a long-term capital asset being equity share in a company or units of equity oriented ...
You have to cross the threshold of 182 days or more stay in India in order to qualify as a tax resident of India.
Mutual Fund Tax Treatment: As per Indian tax laws, any equity fund with more than 65 per cent exposure in Indian equities are defined as an “equity funds” for tax purposes. Gains from equity funds are ...
Returns on mutual fund investment are taxed. If one sells their investments in less than 12 months of owning them, their returns are considered as short-term capital gains, but if they sell them 12 ...
1. This article covers reporting of Capital Gain on the sale of Immovable Property in ITR 2. An attempt has been made to simplify the return filing with the help of Illustrations and Frequently Asked ...
When you talk about long term capital gains tax on mutual funds you talk about debt and equity separately. However, when it comes to equity funds, there are two phases of LTCG calculation.
Note: You must note that under the new tax regime, the rebate for income tax has been increased to Rs.7 lakh from the earlier limit of up to Rs.5 lakh. There are a few things you must keep in mind ...
Capital gains are the profits accrued through the sale of capital assets. The 2 types of capital gains are long-term and short-term. Long-term capital assets are those held for 36 months or more, ...
I have a query regarding new tax regime for the AY 2024-25. I have been following the old tax regime, and reported long-term capital loss from equity market. This year, I’m planning to choose ...
One of the biggest attractions of an equity linked savings scheme (ELSS) is the tax benefit of the special exemption that comes with the ELSS Fund. Otherwise the ELSS fund is just like any other ...
The due date for filing income tax returns, considered a tedious annual ritual by many, for the financial year 2022-23 is just a few days away – July 31, 2023. From getting all the documents in ...