The FinTech Hub
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…
Source: Live Mint Understanding the MTF In an MTF arrangement, the broker essentially provides a loan to purchase securities. The investor pays an initial margin, a percentage of the transaction value, while the broker finances the remainder. The broker holds the units as security and charges interest. Taxability of MTF transaction gains The nature of…
Source: Live Mint With overheated markets, the challenge of balancing risk and returns has become more pronounced. For those seeking stability and inflation-beating growth, multi-asset allocation funds (MAAFs) may be a viable alternative to debt mutual funds or fixed deposits (FDs). MAAFs are structured to invest in a mix of asset classes—commonly equities, debt, and…
Source: Live Mint I want to send money to my son in the US under the Liberalised Remittance Scheme (LRS). I understand that tax collected at source (TCS) has to be paid on each transaction. How can I reclaim this amount? —Name withheld on request It is assumed that you qualify as a resident in…
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 Is it true that non-resident Indians (NRIs) can no longer avail of the indexation benefit, while residents still can?—Name withheld on request Vide The Finance (No. 2) Act, 2024, there have been significant revisions to the scheme of taxation for capital gains. Taxpayers can continue to use the fair market value as…
