The FinTech Hub
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 In India, if you are an investor or trader in the equity markets, you must understand the interplay between long-term and short-term capital gains. This is crucial because it will help you optimise your tax liabilities. Recent tax changes, market dynamics and regulatory updates have intensified the discussion of how these gains…
Source: Live Mint What sets them apart, and how do they stack up against existing investment options? Here’s a deep dive into everything you need to know. What are SIFs? SIFs are specialized investment funds. They are high-risk, high-return versions of traditional mutual funds. An SIF will have a minimum ticket size of ₹10 lakh…
Source: Live Mint So, what exactly makes land ‘rural’ in the eyes of the taxman? The answer lies in a set of specific conditions that could mean the difference between zero tax and a hefty capital gains bill. What is rural agricultural land? To be considered rural agricultural land, the property must not be located…
Source: Live Mint I want to redeem equity mutual funds this financial year but keep gains under ₹1.25 lakh to avoid capital gains tax. How can I check the split between principal and gains before withdrawing? Is there a portal, app or website for easy calculation? —Name withheld on request While there is no specific…
Source: Live Mint There was a hue and cry after the Union Budget 2024-25 as the Centre increased the long-term capital gains (LTCG) tax on equity from 10% to 12.5%. However, since April 2023, the benefit of indexation has been taken away from debt-oriented mutual funds (MFs), and it is taxable at marginal slab rate…
Source: Live Mint Budget 2024 eliminated indexation advantages and rationalized capital gains tax on several products. With very few notable exceptions, we anticipate that this year’s budget will mainly continue in the same direction. As demonstrated by previous budgets, the administration will probably keep concentrating on fiscal consolidation. Union Budget 2025 wish list Streamlining the…
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 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 A Jodhpur bench of Income Tax Appellate Tribunal (ITAT) recently ordered that the gains on cryptocurrencies sold before 2022 will be treated as capital gains and not as income from other sources. This is believed to hold a lot of significance as the capital gains (both short and long term) on cryptocurrencies sold after April…
