Long-Term Capital Gains on sale on equity mutual funds and listed shares was proposed in Budget 2018. I have discussed the proposal in an earlier post. In this post, let’s look at the actual impact (in numbers) because of the introduction of tax on long-term capital gains. LTCG on sale of equity shares/equity mutual funds From FY2019, the long-term capital gains (holding … [Read more...] about Impact of Tax on Long Term Capital Gains on Returns: Explained with Examples
Here are the key highlights of Budget 2018: Income Tax Slab rates have not been changed (Income Tax slabs for FY2018-2019) Income Tax Slab rates remain the same as for FY2017-2018. Introduction of Standard Deduction of Rs 40,000 (Good) This replaces medical reimbursement and travel/conveyance allowance. At present, you can get medical benefits reimbursed from … [Read more...] about Budget 2018: Key Highlights and the Income Tax Slab Rates for FY2018-2019
Long-term capital gains tax on the sale of equity and equity funds has now been introduced. Earlier, if you sold the listed shares or equity oriented mutual funds after 1 year, the resulting capital gains were exempt from income tax. This is no more the case. How will Long-Term Capital Gains on Sale of Equity Mutual Funds/shares be taxed? Such long-term capital gains are … [Read more...] about Budget 2018: Long Term Capital Gains Tax on Equity Mutual Funds and Listed Shares Introduced
Have you shifted your NPS PoP to eNPS? We know that shift to eNPS helps reduce the cost of investment by a small margin. However, once you have shifted to eNPS, you may face a problem in updating details in your NPS account. After all, now, you don't have a physical PoP. If you have to submit a form or document, you can't do it visiting a bank branch (PoP). As I … [Read more...] about How to update information in your NPS account through eNPS portal?
Many investors look towards Small Savings Schemes not just as tax-saving options but also as reliable means of investment. However, you do not always earn a constant rate of return on these investments. The interest rate keeps fluctuating. Interest rates for the small savings schemes get revised every quarter i.e. the Ministry of Finance notifies these rates every quarter of … [Read more...] about Latest PPF, Sukanya Samriddhi, SCSS, Small Savings Scheme Interest Rate (January-March 2018)
The Govt. of India announced 7.75% Savings (Taxable Bonds), 2018 recently. Let’s understand the salient features of these bonds and whether you should consider investing in these bonds. Firstly, these are not new bonds. The Govt. withdrew 8% taxable bonds (2003) recently and has introduced these new 7.75% taxable bonds, 2018 in its place. The earlier bonds had a maturity … [Read more...] about 13 Things to know about Govt. of India 7.75% Savings (Taxable) Bonds, 2018
Conventionally, when you borrow, you borrow from an institution, say a bank or a Non-Banking Finance company (NBFCs). In case of Peer-to-Peer lending, you don’t borrow from an institution. Instead, the lenders are common individuals like you and me. To put it another way, in case of peer-to-peer lending, both the borrower and the lender are common individuals. Please … [Read more...] about All you need to know about Peer to Peer Lending Platforms
There are so many EMI calculators available today that we hardly care to understand the basic maths behind these calculations. I have met quite a few people who think of EMI calculation as a black box. That is clearly not the case. The calculations are quite simple. And if understand these calculations well, it will much easier to assess the impact of various inputs … [Read more...] about How to calculate Loan EMI?
On a recent visit to a leading jeweller, I came across a gold scheme. Typically, the gold schemes go like this: You pay a fixed amount (instalment) every month and at the end of a specific period, you can purchase jewellery from the jeweller. Of course, the jeweller gives you an incentive to participate in such a scheme. In this, I will discuss Golden Harvest Scheme … [Read more...] about Is it wise to invest in Gold schemes by Jewellers?
Aadhar is assuming greater and greater importance in our lives. We are required to link our Aadhar information to bank accounts, investments, insurance, mobile connections, PAN card and at many more places. In addition, even from a transaction standpoint, Aadhar verification is required to get new mobile connections, file income tax returns etc. Aadhaar verification is … [Read more...] about How to check online where and when your Aadhaar has been used for Authentication?