Computing capital gains tax demystified

Computing capital gains tax demystified 2

Investors are often bewildered by computation of Capital Gains Tax. Whether you invest in stocks, bonds, mutual funds, real estate, or any other financial instrument, you need to know the impact of the capital gains tax on your return. In this article we try to demystify Capital Gains specially for investments in equities.

Tax Planning with Section 80C

Tax Planning with Section 80C 3

Tax planning entails making investments and contributions that help minimize the tax liability. Traditionally, most of us invest only instruments that provide tax saving benefit as aversion for taxes ranks as one of the most universal emotions. But, does this fit well with our overall financial planning goals?

Should you buy or rent your home?

Should you buy or rent your home? 4

Owning a home is perhaps the biggest and most important dream of an average Indian family. Due to its inherent socio-economic nature, ownership of a home goes beyond pure financial considerations. Renting a house on the other hand is acceptable for the sake of convenience and financial constraints. So, how do you decide whether to buy or rent your home?

Income Tax deduction simplified

Income Tax deduction simplified 7

Some one had once said “the best things in life are free, but sooner or later the government will find a way to tax them”. Over the past few years, the Government has steadily whittled down tax exemptions available to the common man. Thankfully, there are some still available that allow deductions from our gross income.

Basics of Income Tax

Basics of Income Tax 8

Taxes are fee charged by a government on a product, income, or activity. If tax is levied directly on personal or corporate income, then it is a direct tax. If tax is levied on the price of a good or service, then it is called an indirect tax. The purpose of taxation is to finance government expenditure.

Income taxes were in existence since ancient times. References of well built taxation system are available in all ancient civilizations, Greek, Roman, or Indus Valley. Both Manu Smiriti and Arthshaastra provide details of variety of taxes levied in ancient India.

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