The FinTech Hub
Source: Live Mint I will be adding unclaimed interest on my home loan to the cost of acquisition. Should I add indexed cost or absolute cost of unclaimed interest while calculating capital gain? – Name withheld on request Various high court and tribunal decisions have favoured allowing unclaimed home loan interest to be included in…
Source: Live Mint I plan to dispose of a flat I bought about 16 years ago. With the sale proceeds, I intend to construct an independent house. However, the process of acquiring a plot and commencing the construction is expected to begin only after a gap of 10-12 months from the date of the sale…
Source: Live Mint If you regularly invest in financial assets and have recently redeemed some of your investments, it is noteworthy that the profits earned on these gains are subject to capital gains tax. While we are in the run-up to the Budget 2025, it is worth recalling that the previous Budget, announced on July…
Source: Live Mint With housing loan interest rates remaining reasonable over the years, many taxpayers have turned to loans to fund their residential property purchases. Tax laws, however, limit the deduction of housing loan interest for self-occupied properties to ₹2 lakh annually. For rented properties, the entire interest is deductible against rental income. This raises…
Source: Live Mint Mumbai: It’s that time of year when people plan fresh starts. While gym memberships are part of many people’s resolutions, some take a step back to review their investment portfolios. In fact, several people make it a habit to review their portfolios at the end of every year. But the question remains:…
Source: Live Mint Hence, the focus will be on employment generation, skill development, and providing relief to a large mass of people distressed by inflation, with the overall objective of pushing up the GDP growth rate. Let’s do some crystal ball gazing and share ideas on the direction that the Budget 2025 proposals may take…
Source: Live Mint I moved to New Zealand a few years ago and am now a citizen of the country. Before my marriage, I purchased a property in Varanasi with my father as a co-owner. I made all the payments, and the property was registered in our names. Given that I now reside in New…
Source: Live Mint Since April 2023, fresh investments in the growth option of debt mutual funds have been taxable at the marginal income tax rate for short-term capital gains (STCG). For most investors, this is 30% plus surcharge and cess. The dividend option, now called income distribution cum capital withdrawal (IDCW) option, was already taxable…
Source: Live Mint The Indian market offers diverse avenues for portfolio diversification, including alternative investments such as portfolio management services (PMS) and alternate investment funds (AIFs). Equity investments, for instance, have delivered an impressive average annual return of 15% over the past five years, outperforming most major economies. Mutual funds also remain a popular choice,…
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…
