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“Income from capital gains” refers to any profit or gain that results from the sale of a “capital asset.” These capital gains are subject to taxes in the year that the capital asset is transferred. We refer to this as capital gains tax. Capital gains are classified into two types: short-term capital gains (STCG) and …
First, let us try to understand what ‘SWP’ is. SWP stands for Systematic Withdrawal Plan, which is a means of redeeming your mutual fund holdings. You provide the mutual fund (in which you have invested) a standing order to redeem a specific amount from the fund on a regular basis. The frequency is normally monthly, …
Many individuals believe that transactions between spouses are tax-free. But the truth is bit more complex. While certain measures exist to avoid the application of taxes on asset transfers between spouses, there are also laws in place to discourage the abuse of these exceptions for tax evasion. Individuals must understand both sides of the income tax equation …
The debate between “buying vs. renting a home” appears tedious. It is more an issue of decision and budget than of right or wrong. Owning a home is a major accomplishment, particularly among Indian households. If you have a reliable source of income, especially if you are married and both of you are employed, doing …