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NAV of Equity Mutual Funds on 31 Jan 2018

The Budget 2018 changed how LTCG or Long Term Capital Gain on Stocks and Equity Mutual Funds will be taxed.  The Finance minister announced Long Term Capital Gain tax of 10%, without indexation,  for capital gains exceeding one lakh from all direct equity and equity...

ULIP Relook: Tax Advantage due to Long term capital Gains on Equity

Life insurance is meant to offer financial protection to dependents in the unfortunate event of one’s death. With long-term capital gains (LTCG) from equity and equity mutual funds being taxed from 1 Apr 2018, the tax advantage has shifted towards unit-linked...

Long term Capital Gains of Debt Mutual Funds: Tax and ITR

If one sells an asset such as bonds, shares, mutual fund units, property etc, one must pay tax on the profit earned from it.  Tax is applicable on this gain or profit in the year in which asset was sold.  The taxability of capital gains depends on the nature of gain,...

How to show Long Term Capital Gains on sale of House in ITR

If you have sold house, property, land or building, also called as immovable property after 3 years then you have Long term Capital Gains and have to fill Schedule CG in ITR2, ITR3 etc. This article talks about how to show Long Term Capital Gain on sale of house in...
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