Summary: Tax is deducted at source for NRI investments (banks, mutual funds). Normally the tax is deducted at a high rate. Many NRIs are unaware of this. As they are not necessarily required to file tax in India, they end up giving up the taxes that have already been deducted at source. NRIs can file …
“There is nothing more deceptive than an obvious fact.” ―Arthur Conan Doyle In the latest budget, Finance Minister Arun Jaitley, reintroduced Long-term capital gain tax for equity investments starting 1st April 2018. After the imposition of LTCG tax, there was lot of confusion and discussion. I tried to introduce the concept of LTCG tax on equities …
“In this world, nothing can be said to be certain, except death and taxes.” – Benjamin Franklin In the latest budget, Finance Minister Arun Jaitley, reintroduced Long-term capital gain tax for equity investments starting 1st April 2018. For some time now, It was widely rumoured that such a tax will come into effect. So, when …
All you wanted to know about LTCG taxes on equities! Read More »
The devil is in the detail. Recently, we wrote about how balanced funds are a good option for steady returns. Indeed, balanced fund with in-built asset allocation tend to navigate the volatile market well. But the proof of pudding is in eating. Hence, we try to look at risk and return characteristics of decent balanced …
“Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.” – Warren Buffett In investing it is important not to lose money. We can avoid losing money in market by completely remaining out of the market. But if that were the intention, you wouldn’t have been reading it. You have to be “in it” to “win …
A few weeks ago, we wrote about how debt oriented mutual funds are more tax-efficient than bank fixed deposits. The other day a friend told that fixed deposit rates are falling every day. Indeed, with bank fixed-deposit rate hovering around 6.5%, post-tax return of fixed deposit or interest on saving account balances is quite low, …
An idiot will never learn from his mistakes, a smart person will learn from his mistakes, but a genius will learn from other people’s mistakes – Unknown Recently, I had a rude shock. While filing my income tax return, I checked my 26AS statement. This is a place where we can see all the taxes …
Most of the time people looking to invest get bogged down with what return should be expected. Instead of looking at the big picture, we waste time about timing the market (elusive dream of buying at the market bottom and selling at the peak) and high growth. The equation of effective investing is quite simple, …
In this world, nothing can be said to be certain, except death and taxes – Benjamin Franklin While Tax is as certain as death, a timely and suitable tax planing could help in saving taxes. Most people remember about tax planning when the payroll department asks for their investment proof. The best time to plan …
The hardest thing to understand in the world is income tax- Albert Einstein Recently, I met an old friend. He is very sceptical about mutual funds and considers them risky. When I talked about debt oriented mutual funds who don’t have the same risk profile as equity funds, he was not convinced. While he agreed …
Fixed deposit Vs. debt mutual fund – What to pick? Read More »
