The FinTech Hub
Source: Live Mint Taxpayers should wait until 15 June. This is because banks, employers, and other reporting entities have until 31 May to report specified financial transactions, tax deducted at source (TDS), and tax collected at source (TCS). Additionally, it typically takes another 7 to 10 days for this information to be processed and reflected…
Source: Live Mint Now that you’ve seen it, tell me doesn’t that sum up half the financial arguments you see online. You say mutual funds? Someone screams “stocks!” You say fixed deposits (FDs)? Someone else declares them useless. Apparently, on social media, picking one thing means trashing everything else—and nuance has left the chat. Here’s…
Source: Live Mint While all these vehicles pool investors’ money for investment and are regulated by the Securities and Exchange Board of India (Sebi), they are governed by different sets of regulations — and taxed under strikingly different rules. This fragmented approach has created opportunities for tax arbitrage, where investors can choose routes that offer…
Source: Live Mint Capital gains are the profits generated by an investor after selling a capital asset. These profits are the difference between the selling price and the original purchase price of a capital asset. Capital gains play a key role in determining how an investment has performed over a period of time. Types of…
Source: Live Mint For active investors or traders who frequently buy and sell stocks, parking funds in a broking account is convenient. However, funds in these accounts don’t yield any interest. Instead, one can consider using liquid ETFs or exchange-traded funds to earn interest. If your broker allows it, you can simultaneously sell liquid ETF…
Source: Live Mint The rate for the state, excluding Mumbai, has gone up by an average of 4.39%, while the financial capital’s RR has increased by 3.39%. These rates are used as a benchmark to charge stamp duty and other taxes related to real estate transactions. They are usually revised each year based on property…
Source: Live Mint Do you regularly invest in stocks and have booked capital gains by selling some shares recently? In case you are not aware, these gains can be set off against the losses you may have incurred via another stock. This process of adjusting the loss against the gain is known as ‘tax loss…
Source: Live Mint For agricultural purposes, I intend to sell my urban agricultural land within the municipal limits, which has been repurchased for ten years. How can I save capital gains tax? Can I purchase another agricultural land out of the sale proceeds in my name or the joint names of my husband/sons or invest…
Source: Live Mint Selling a stock, bond, mutual fund, or real estate at a loss may feel like a setback, but it can actually work in your favor at tax time. The Income Tax Act allows taxpayers to use capital losses to offset gains, reducing their tax burden. Even if you can’t use the entire…
Source: Live Mint We are going to sell a house in my wife’s name. My wife and I had a joint home loan on the house which I paid fully. I did not claim any tax deduction on the home loan interest. At the time of sale, can my wife add the unclaimed interest to…
