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

Income tax return: How tax exemptions are different from tax deductions. Explained

Income tax return: How tax exemptions are different from tax deductions. Explained

ITR: Filing tax returns is an annual affair. One should know every detail about the components in Form 16 and how one can get the maximum deductions and exemptions before filing the returns. Tax deductions refer to expenses that you can subtract from your total income, thus lowering the amount of income that is subject … Read more