“It’s going to be impossible to sustain on one job and one salary.” A CHRO’s blunt warning on LinkedIn has sparked debate on financial security, jobs, and investments. Seema Raghunath, in her post, argues that retirement is an illusion, with the global economy making it unsustainable. “The only way to retire is to leave urban … Read more
Budget 2025 impact: Finance Minister Nirmala Sitharaman introduced minor adjustments to the existing capital gains tax framework after overhauling it in the July 2024 Budget. The tax rates and holding periods for assets have been kept unchanged, determining whether they are subject to long-term capital gains or short-term. Consequently, the rules governing Long Term Capital … Read more
Union Budget: The full Budget 2024, which was presented in July, brought about significant alterations to the taxation regulations governing mutual fund investments. Mutual funds are a popular choice of investment. During 2024, the cash reserves of mutual funds rose by Rs 70,081 crore, reaching Rs 1.80 lakh from Rs 1.10 lakh at the beginning … Read more
I am 45 and I have invested in 5 new fund offers in July and August. How are NFOs taxed? Is there are changes introduced in Union Budget 2024? Name withheld on request How much tax do I have to pay? Calculate now Reply by CA (Dr.) Suresh Surana The taxation of NFOs, like other … Read more
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
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
Rathin Roy, prominent economist and former member of the Prime Minister’s Economic Advisory Council (PMEAC), dismissed the increase in capital gains tax as irrelevant to the fiscal health of India. In an interview to Moneycontrol, Roy said adjusting the capital gains tax, whether doubling or halving it, would scarcely impact the country’s tax revenue. He … Read more
Income tax returns: The recently announced Union Budget 2024 has introduced significant amendments to the capital gains tax structure, affecting both short-term and long-term investors. Capital gains tax pertains to the tax imposed on profits generated from the sale of capital assets such as stocks, mutual funds, real estate, and gold. The taxation rate varies … Read more
When Finance Minister Nirmala Sitharaman presents the Union budget later this month, investors, taxpayers, corporates, and mutual fund houses will be hopeful for some significant tweaks in the structure of the capital gains tax, which is currently not standard. The Capital gains tax burden experienced by investors can differ depending on the type of asset … Read more
Investments yielding returns over an extended period, specifically a minimum of one to three years, are categorised as long-term capital gains (LTCG). This classification encompasses returns from various investment vehicles such as real estate, stocks, mutual funds and zero-coupon government bonds. Senior citizens intending to liquidate assets such as real estate, stocks, mutual funds, bonds, … Read more