Profits or gains arising from the transfer of a capital asset made in a previous year is taxable as capital gains under the head “Capital Gains”.
RBI reducing interest rates in the economy can bring down interest rates across fixed income investment classes. Investors should now review their fixed income investments as RBI shifts its policy stance from controlling inflation expectations to bringing about conditions for economic growth, reckons financial advisor Arjun Parthasarathy
If you choose to use the capital gains from selling your house to buy a residential property, you will not be taxed and there is no tax liability from such a sale as stated under Section 54F of the Income Tax Act.
Here is a simple way to use already accrued losses to save your tax outflow. You can use your equity capital loss to off set gains from debt mutual funds, gold or real estate.
As an investor, you are very often tempted by the dividends declared by mutual funds, little realizing that such declarations are a bait to get investors to invest. Amar Pandit tells you why you shouldn't fall for this.