ELSS or Equity Linked Savings Scheme of Mutual Funds are one of the best tax saving cum long-term wealth creation investment tools. Your investments in ELSS schemes are eligible for income tax deduction under Section 80c. Tax saving is one of the most important investment objectives of many investors. In the next few days, the current […]
Mutual Funds
How to check Mutual Funds – Aadhaar Linking Status online?
As per the recent amendments to Prevention of Money Laundering Act (PMLA) Rules, 2017, Financial Institutions like Mutual Funds are mandated to obtain Aadhaar Number from their customers and link the same to the respective accounts / Folios. The last date to link Aadhaar to Mutual funds is 31-March-2018 (as of now). I am sure […]
Mutual Funds Capital Gains Taxation Rules FY 2018-19 (AY 2019-20) | Capital Gains Tax Rates Chart
Capital asset typically refers to anything that you own for personal or investment purposes. It includes all kinds of property; movable or immovable, tangible or intangible, fixed or circulating. Capital assets are further classified as Financial Assets and Non-Financial Assets. Financial assets are intangible and represent the monetary value of a physical item. Stocks (Shares) […]
Mutual Funds Vs ULIPs – Which is better? | Post Budget (2018) LTCG Tax proposal on Equity Mutual Funds & Shares
The debate of Mutual Funds vs ULIPs has started again after the introduction of Long Term Capital Gains Tax on equity mutual funds and stocks in Budget 2018. Many investors want to know which one is a better investment option for long-term – Is it Equity mutual fund or ULIP? The 10% LTCG tax is not applicable on ULIPs (as of now). For tax […]
Budget 2018 LTCG Tax on Equity Mutual Funds & Important Implications
Budget 2018 has re-introduced the long-term capital gain tax on equity shares and equity mutual funds. Almost all financial blogs and portals has published at least one article on this topic (including relakhs.com). This Budget 2018 LTCG Tax proposal will be implemented from 01-April-2018. In this post, I am not going to discuss about the […]
10% LTCG Tax on sale of Stocks/Equity Mutual Funds | Budget 2018-19 Proposal
“Long Term Capital Gains on Equities will now be taxed at 10%.” This is the major news that is now making headlines across all media platforms. Thanks to the latest proposal made in Budget 2018-19. So, henceforth an investor of Stocks or Equity mutual funds has to pay 10% as taxes on Long Term Capital […]