I had invested in a SIP (equity) for 3 years and am withdrawing the investment via a 12 month SWP spread across two financial years.
This helps me ensure that the capital gains do not exceed 1L in any of the financial years.
Assuming a scenario where the capital gains exceed 1L, how will they be taxed? And if I need to claim an indexation benefit, how do I do it?
There is no indexation benefit for equity capital gains.... beyond 1L, you will be taxed 10%
So, if you're LTCG is 1.2L, you will have to pay tax of 2k (10% on 20k that is beyond 1L)....
What to do once I retire? Let's say my mutual funds investments have become 1.5 cr now and I have reached retirement age. I have an own house and car, but now no more monthly income so what to do with my investment now? make an FD and pa...
I recently bought a home by selling some mutual funds + bank loan.
I still have some mutual funds left and I was wondering if I could reduce my tax liability on capital gains by selling and re buying mutual funds.
Anyone who has done...
I have been working professionally working from the last 3 years as a software engineer and I have 25 in my savings account, I have never invested my money before but it feels like a serious mistake on my end. I am looking for advice how...
Can someone here explain the LTCG and STCG taxation on equity investments (or maybe applicable to other asset classes also) ? From what I understand, LTCG is taxed at 10% on profits exceeding 1 lakh. However, when making a partial withdr...
Hi guys, I have around 4L cash lying around which I wanted to invest. Currently, I think I am in a position to take maximum risks, and see where things go. I also haven’t redeemed the 1.5L tax deduction on Section 80c so PPF and ELSS ar...