Gold investment: What do you need to know when you are selling your gold jewellery, Gold ETFs

Gold investment: What do you need to know when you are selling your gold jewellery, Gold ETFs

The capital gains taxation rules on gold saw significant alterations from July 23, 2024. These changes affect all asset classes, including gold, mutual funds, and real estate, substantially impacting investors and sellers of gold jewellery. The adjustments were introduced to harmonise tax treatments across various investment categories, bringing clarity and uniformity to the taxation process … Read more

Bank Fixed Deposits ( FDs) vs Debt funds. What should I choose in this current market conditions?

Bank Fixed Deposits ( FDs) vs Debt funds. What should I choose in this current market conditions?

I am 31 years old and I want to actively invest. Should I go for bank fixed deposits ( FDs) or debt funds. What is your recommendation during the current market conditions? Name withheld Response shared by Jiral Mehta, Senior Research Analyst, FundsIndia. Debt Funds hold several advantages over fixed deposits (FDs). When you invest … Read more

After selling my old house in Delhi, how much total tax will I have to pay this financial year?

After selling my old house in Delhi, how much total tax will I have to pay this financial year?

I am 71 years old and I have sold my house in Delhi for Rs 90 lakhs. If I don’t want to buy a new house with this money or reinvest in any new commercial property, how much total tax, capital gains and others, will  I have to pay this financial year? Name withheld Reply … Read more

Capital gains tax: AMFI urges to restore indexation benefits for debt mutual funds after real estate breather

Capital gains tax: AMFI urges to restore indexation benefits for debt mutual funds after real estate breather

Capital Gains Tax: After Finance Minister Nirmala Sitharaman made an announcement in the Union Budget regarding the reduction of tax on long-term capital gains from 20% with indexation benefits to 12.5% without indexation benefits, an amendment was introduced to The Finance Bill, 2024. This amendment allows taxpayers to select the tax rate that is more advantageous … Read more