The FinTech Hub
Source: Live Mint While NPS Tier-1 offers tax benefits but restricts withdrawals, Tier-2 offers flexible withdrawals without tax benefits. Mutual funds command an asset base of ₹67 trillion. The NPS Tier-1 account has an asset base of ₹2.28 trillion, excluding contributions by state and central government employees. Meanwhile, the NPS Tier-2 accounts for just ₹6,510…
Source: Live Mint If you are an active investor and often earn gains on the sale of your securities, bonds or mutual funds, you should be mindful of the tax rate that applies on these transactions. The gains accruing on the sale of assets is taxed under what is known as capital gains tax regime….
Source: Live Mint When you sell your old piece of jewellery to buy a new one, you are meant to pay capital gains tax on the sale. It is vital to note that the sale of gold, even for the purpose of buying a new ornament, is seen as the sale of an old asset….
Source: Live Mint I’m a US citizen holding an OCI (Overseas Citizen of India) card. I own three apartments in India that I purchased in the early 2010s. I plan to sell two of them—one in December and the other in February 2025. Against the sale of these two apartments, I plan to buy two…
Source: Business Standard 2 min read Last Updated : Oct 09 2024 | 7:15 PM IST The number of dematerialised (demat) accounts — used for holding shares and other securities electronically — rose by 4.4 million in September, reaching a total of 175.4 million. It marks an average addition of 4 million accounts monthly…
Source: Live Mint An application was made to the housing board for allotment of a plot of land in 2014, and application money of ₹1 lakh was paid. By 2015, the allotment was confirmed through a lottery, and an allotment letter containing the payment schedule of the balance purchase consideration was issued. I made the…
Source: Live Mint I am a non-resident Indian Citizen working abroad. I sold my agricultural land on 15 October 2022. As per Sec, I deposited the indexed capital gain in a capital gain account with a nationalised bank. 54B to purchase another agricultural land within two years from the date of sale. i.e. by 14th…
Source: Live Mint “Which mutual fund should I invest in?” It must have been the 20th time my sister had called to ask me this. As usual, I tried explaining the basics but was quickly interrupted this time. “Don’t waste my time, just tell me where most people are investing.” This was understandable. She had…
Source: Live Mint I made long-term capital gains of Rs. 80 lakhs on selling shares allotted under ESOP in June 2024. Can I put ₹50 lakh in a capital gains bond to claim an exemption under Section 54EC in FY 2024-25 and buy a house for ₹30 lakh during the financial year 25-26 to claim…
